First American Financial Corp., Santa Ana, Calif., said house-buying power has declined by nearly $150,000 from a year ago, driven by higher interest rates.
Home-price growth has slowed fastest in pandemic boomtowns, including Austin, Phoenix and Boise, as high mortgage rates and an uncertain economy deter would-be buyers, said Redfin, Seattle.
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their hotel occupancy forecast slightly but maintained previous projections for revenue per available room and average daily room rates.
RE/MAX, Denver, said October marked the third consecutive month of decline in median home sales prices.
Our Thanksgiving edition of Chart of the Week focuses on four major food and beverage items popular for the occasion – turkey, potatoes, baked goods and wine. Consistent with the broader inflationary environment, prices for these products, as measured by the Consumer Price Index have seen significant growth over the past year.