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Home prices hit record high in June amid high mortgage rates

Home prices hit new record in June Housing shortageThis is despite the fact that soaring mortgage rates continue to put homebuying out of reach for millions of Americans. Nationwide prices rose 5.4% in June from a year earlier. S&P CoreLogic Case-Shiller Index Tuesday's figure was down from 5.9% the previous month. On a monthly basis, […]

Home prices rise again in June to new record

National Association of Home Builders CEO Jim Tobin talks about Vice President Kamala Harris' push for tax incentives for homebuilding on “Maria Bartiromo's Wall Street.” Home prices hit new record in June Housing shortageThis is despite the fact that soaring mortgage rates continue to put homebuying out of reach for millions of Americans. The S&P […]

Wholesale Inventories Rose in June, Soothing Recession Worries

U.S. wholesale inventories rose in June, driven by a second consecutive month of strong growth in auto and truck inventories. The Commerce Department said Thursday that wholesale inventories rose 0.2%, in line with economists’ expectations and the government’s preliminary estimate. Inventories increased 0.5% in May. Year-over-year wholesale inventories increased 0.1%. The economy grew at an […]

Kamala Harris Praised ‘Defund the Police’ Movement in June 2020 Interview

Vice President Kamala Harris praised the radical “defund the police” movement in a newly unearthed radio interview from June 2020, highlighting her record as the most left-leaning senator in 2019. GovTrack Scorecard Ranking She is the most liberal senator of 2019, even further left than socialist Sen. Bernie Sanders (I-VT). But the list appeared to […]

Fed’s preferred inflation gauge eases to 2.5% in June

The Federal Reserve’s preferred inflation measure rose 2.5% year-on-year in June, in line with market expectations and raising hopes of a rate cut in September. The Commerce Department said on Friday that the personal consumption expenditures index (PCE) rose 0.1% in June from the previous month, while core PCE, which excludes volatile food and energy […]