Government Workers Who Have Lost Their Jobs Worry About Their Housing
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Government Workers Who Have Lost Their Jobs Worry About Their Housing

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Lisa Sturtevant, the chief economist at Bright MLS, a multiple listing service, said that it is too soon to tell if the D.C. market has been shaken by the layoffs because “it hasn’t had enough time to filter into the housing market,” she…

US home price plunge is ‘just beginning’ as housing market rapidly cools: economist
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US home price plunge is ‘just beginning’ as housing market rapidly cools: economist

ByNews Polite

A substantial plunge in US home prices is likely “just beginning” as decades-high mortgage rates cause a downturn in the housing market, a prominent economist cautioned Friday. The warning from Pantheon Macroeconomics chief economist Ian Shepherdson followed more dismal data that showed a slowdown in housing activity. Pending home sales…

Housing starts tumble more than expected in September
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Housing starts tumble more than expected in September

ByNews Polite

US homebuilding fell more than expected in September, led by a 13.1% decline in multi-unit projects, according to Census Bureau data released on Wednesday. Housing starts dropped 8.1% to a seasonally adjusted annual rate of 1.439 million units last month. Data for August was revised down to a rate of 1.566 million units from the previously reported 1.575 million units. Economists polled…