Markets

The frenzied homebuying days in Austin, Texas, that saw some buyers offer six figures over asking price are gone.The Texas capital, where the average home price soared by $170,000 during the COVID pandemic, is now seeing major price corrections: The median price per square foot is down 9.5% from its pandemic peak two years ago, according to…

Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It’s where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited. So she hired an interior designer for $20,000 and spent another $95,000 to retrofit their house in Oakdale,…

U.S. consumer sentiment sours in May The University of Michigan's gauge of consumer sentiment fell to 67.4 in a preliminary May reading, down from 77.2 in the prior month. Inflation Will Keep Dropping in 2024, Chicago Fed's Goolsbee Says The central banker is forecasting a 'soft landing' for the U.S. economy. His comments echo…

By Jamie McGeever(Reuters) - A look at the day ahead in Asian markets.Asian markets are poised to round off the week on a positive note on Friday, supported by gains on Wall Street, a weaker dollar and falling Treasury yields the day before.But momentum looks sluggish, and if anything, investors in Asia are more likely to end the week with a…

Ellington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge Financial, reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. Projections of loan originations and submissions, however, are tracking…

Greetings from the Beverly Hills Hilton, home of the Milken Conference.It's 3:24 a.m. PT here and the hotel is empty, a different scene from Monday's packed house at noon. You are probably wondering why I am here at this time? Well, we are taping an interview with Disney's (DIS) Hugh Johnston soon right after earnings hit. I have known Hugh for…

In the next decade emerging markets will leverage increasingly healthy economic fundamentals and harness technological innovation to drive the next era of global growth. In this special publication to celebrate the 30-year anniversary of our emerging markets team, we detail why we are firmly positive on…

The King Farmers Market, held at the Martin Luther King Jr. Elementary School parking lot, May 5, 2024. (KOIN) PORTLAND, Ore. (KOIN) — Farmers markets are returning across the area and even the drizzle couldn’t keep the crowds away from King Farmers Market in Northeast Portland Sunday morning. Typically arriving around the…

The Fed meeting and the jobs report were always destined to be financial market movers. The direction was the only question. In the normal course of events, a weaker than expected jobs report would cause angst in the financial markets (i.e., falling prices). But, not this time. It appears that “bad economic news” is “good financial news” because…

Statewide as of April 26, the 90-day average number of single-family active listings was 19,399, according to data from Altos Research. While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic.…