US Previously Owned Home Sales Fall to an Almost 14-Year Low

Published on October 23, 2024

US sales of previously owned homes declined to an almost 14-year low in September as prospective buyers waited for a further decline in mortgage rates and more attractive asking prices.

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Treasuries Slide for Third Straight Day as Fed-Cut Bets Wane

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Treasury yields climbed for the third straight day amid growing expectations that the Federal Reserve will lower interest rates at a gradual pace and as traders fretted about the potential inflationary implications of the US presidential election.

Say Goodbye to Cheaper Rent and Airfares

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It’s inevitable that the market dynamics that have delivered cheaper airfares, used cars and rents in the past year will eventually turn around. One high-profile reminder came from United Airlines’ earnings last week.