US Housing Market Sees Temporary Surge as Mortgages Inch Lower
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
US Housing Market Sees Temporary Surge as Mortgages Inch Lower
US Housing Market , Sees Temporary Surge , as Mortgages Inch Lower.
'Newsweek' reports that the United States
housing market saw a surge in activity
amid declining mortgage rates.
At the same time, housing prices have reached
their highest point since October of 2022.
Last week, Redfin released a report
indicating a steep increase in pending
home sales and housing prices in November.
According to Mortgage News Daily, this
coincides with the drop in mortgage rates,
which have ebbed back to 6.64%.
In November, the median price of U.S. homes
rose to $408,732, a 3.7% increase from 2022.
The Redfin report also indicated that
pending home sales had risen 2% month over
month, reaching the highest level in a year.
.
A year ago, sellers had trouble
understanding why they weren't
getting $20,000 over the list price
like their neighbor did during
the pandemic homebuying boom, Shay Stein, a Redfin Premier real estate
agent in Las Vegas, via 'Newsweek'.
Now, they understand that to sell
their home, they need to price
it fairly and in some cases offer
the buyer concessions like
money toward closing costs
or mortgage-rate buydowns, Shay Stein, a Redfin Premier real estate
agent in Las Vegas, via 'Newsweek'.
'Newsweek' reports that despite increased activity,
the Redfin report also found that 16.9% of home-
purchase agreements in November were canceled.
That cancellation rate was
the highest its been since 2017
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As pressure mounts on Biden to drop his re-election campaign, he revealed that he tested positive for COVID-19 before cancelling his speech for an event in Las Vegas.
Credit: euronews (in English) Duration: 01:14Published
President Joe Biden, 81, tested positive for Covid-19 during a Las Vegas campaign trip. He's experiencing mild symptoms and will self-isolate in Delaware. This health setback comes amid mounting pressure from fellow Democrats urging him to withdraw from the 2024 presidential race, citing age concerns and electability issues. Recent polls show significant numbers of Democratic and independent voters believe Biden should step aside.
#JoeBiden #Biden2024 #PresidentBiden #Delaware #COVID19 #BidenHealth Trump2024 #DonaldTrump #USnews #USpolitics #Worldnews #RNC #Oneindia #Oneindianews
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Donald Trump Wants , to End Taxes on Tips.
While speaking at a rally in Las Vegas on June 9,
Trump said the "first thing" he'll do if reelected president
is stop tips from being taxed, 'The Hill' reports. .
For those hotel workers and people that
get tips, you’re going to be very happy.
Because when I get to office, we are
going to not charge taxes on tips. , Donald Trump, via statement.
We’re not going to do it, and
we’re going to do that right away,
first thing in office, because it’s
been a point of contention
for years and years and years, Donald Trump, via statement.
And you do a great job of service, you
take care of people and I think it’s going
to be something that really is deserved, Donald Trump, via statement.
Congressional approval would be necessary
to make those changes, 'The Hill' reports.
Trump’s 2017 Tax Cuts and Jobs Cut Act (TCJA) expires next year, .
but if he's reelected and if Republicans
end up with a majority in Congress, .
his previous policies could
easily be extended and amended. .
Trump went on to attack
President Biden's policies on Truth Social.
Trump went on to attack
President Biden's policies on Truth Social.
Crooked Joe Biden has taken the totally
opposite approach, trying to TAX more
and more of their Tips, even hiring
88,000 IRS Agents to collect! , Donald Trump, via Truth Social.
Hopefully Rank and File Union Members,
Union Leadership itself, and Workers all
over the Country, both Union and Non-Union,
will support Donald J. Trump, , Donald Trump, via Truth Social.
... because I’m NO TALK AND ALL ACTION!
TRUMP KEEPS HIS PROMISES, AND STANDS
WITH OUR GREAT WORKERS. PROMISES
MADE, PROMISES KEPT!, Donald Trump, via Truth Social.
Meanwhile, the Culinary Workes Union Local 226 in Las Vegas scoffed at Trump's promises.
Relief is definitely needed for tip earners, but
Nevada workers are smart enough to know the
difference between real solutions and wild
campaign promises from a convicted felon. , Culinary Union Secretary Treasurer Ted Pappageorge, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Some Areas of California , See House Values Plummet.
'Newsweek' reports that many areas across California,
typically one of the most expensive housing markets in
the United States, have experienced..
Credit: Wibbitz Top Stories Duration: 01:31Published