Across the country, Americans saw home prices drop precipitously in the fourth quarter, but in Seattle, that wasn’t the case.
Seattle was one of only three U.S. markets where home prices increased in the latest quarter, according to data released by Standard & Poor’s. Only Charlotte, N.C.; Portland, Ore.; and Seattle showed year-over-year increases in […]
By Courtney Schlisserman
Feb. 25 (Bloomberg) — Sales of existing homes in the U.S. fell in January to the lowest level since records began nine years ago and prices slid for the sixth time in seven months, posing a threat to consumer spending, the largest part of the economy.
Resales declined 0.4 percent, less than forecast, […]
Investors found a sliver of hope to line the dark clouds of the housing slump on Monday.
Investors latched onto the National Association of Realtors’ upbeat tone Monday, sending the U.S. stock market higher in direct contrast to the stark data in the report, which said that sales of single-family homes and condominiums dropped by 0.4% […]
By Courtney Schlisserman and Bob Willis
Feb. 20 (Bloomberg) — The two-year housing slump pushing the U.S. economy toward a recession hasn’t alleviated inflation pressures, reports today showed.
Consumer prices rose 0.4 percent from December, with costs excluding food and energy climbing 0.3 percent, the most since June 2006, the Labor Department said. Builders started work on […]