Home Sales – Sales of previously owned homes fell in March from the prior month as higher mortgage rates slowed buying activity. US existing-home sales, which make up most of the housing market, fell 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors […]
Tesla’s stock is back to being boringly expensive. There was nothing in the electric-vehicle maker’s first-quarter volume data to move the needle on investors’ typically entrenched views. Tesla said on Sunday it produced just shy of 441,000 vehicles and shipped almost 423,000. The latter number was 4% more than the previous quarter and 36% more […]
US Property Market – As spring emerges, so are potential home buyers across the US, according to a report Thursday from The Wall Street Journal Print Edition. Homes typically sold in 54 days in March, faster than in January and February, suggesting that buyers are active in the market even if their numbers are more […]
This week the exchange paused customer withdrawals in its international unit; “If the exchanges are not trustworthy, the entire premise of cryptocurrency does not work.” Stephen Gibbs decided it was time to withdraw his money from the cryptocurrency exchange this week when he learned of the problems at FTX. Gibbs, a musician from Thailand, said […]
The cost of raising a child through high school has risen to more than $300,000 because of inflation that is running close to a four-decade high, according to a Brookings Institution estimate. It determined that a married, middle-income couple with two children would spend $310,605—or an average of $18,271 a year—to raise their younger child […]
Inflation is the problem “Going up in 50-basis-point increments to me makes quite a bit of sense and there’s no reason right now that I see in the economy to pause on doing that in the next couple of meetings” -Mary Daly, San Francisco Fed President, May 12, 2022 It has become ever clearer that […]
Sales Support