US Retail Sales Fall and Americans Turn Cautious
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U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing concerns of an economic slowdown because of tariffs sap ...
Buyers are enjoying increased leverage in the housing market as more homes sit available, which is helping push prices lower.
SALT LAKE CITY — Sales of existing homes in the United States fell 5.9% in March, the biggest monthly decline in more than two years. The seasonally adjusted annual rate of 4.02 million existing ...
Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective homebuyers during what’s traditionally the busiest time of the year for the housing market.
11hon MSN
Retail sales excluding automobiles, gasoline, building materials and food services increased 0.4% in May after an upwardly revised 0.1% fall in April. These so-called core retail sales, which correspond most closely with the consumer spending component of gross domestic product, were previously reported to have dropped 0.2% in April.
Pending sales of previously owned U.S. homes last month fell by the most since September 2022 , illustrating a disappointing spring selling season as prospective buyers balk at high asking prices and borrowing costs.
Home equity borrowing rates fell for much of the last year, but will they drop again after the June Fed meeting?