It’s not just Walmart.The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for years despite prolonged inflation. On top of high interest rates and persistent inflation, CEOs are now grappling with how to handle new hurdles like on-again, off-again tariffs, mass government layoffs and worsening consume
About Del "My primary purpose in life is to serve and help others. This applies to the way I conduct my real estate business. I will strive to give each of my clients the best possible experience in selling or buying a home by giving honest advice and consultation designed to best serve your needs...and we will have fun in the process. I will be honest and truthful in all of my dealings and will maintain the highest level of integrity.I serve all
U.S. household wealth eked out a fresh record high at the end of 2024, Federal Reserve data showed on Thursday, thanks to a stock market rally that appears to have run out of steam in the past three weeks.The net worth of households and non-profit groups rose about $200 billion to $169.4 trillion in the fourth quarter of last year, the U.S. central bank said in its quarterly U.S. financial accounts report, as a drop in the value of real estate tr
Wherever you buy a home in the United States, property taxes are a reality of homeownership. An agent who is a REALTOR® can help connect you with a tax expert in your area, but here are the basics:What are property taxes? Property taxes are charges on your land and property, based on the value of your property, levied by your local government. The revenue generated is often used to fund community needs such as schools, police and
As these technologies hit the market, they promise to transform homes into smarter, more sustainable spaces.This year's CES event showcased the latest advancements in smart home technology, offering innovations that combine convenience, security and sustainability. These products are poised to become essential upgrades for tech-savvy homeowners. Real estate agents who are up to date on what’s new are better equipped to help those clients intere
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The average for the 30-year fixed-rate mortgage has fallen for seven weeks in a row. This week, it posted its largest drop since mid-September.Falling mortgage rates have captured the attention of home buyers, as mortgage applications for a home purchase—a gauge of future homebuying activity—jumped 9% this week, the Mortgage Bankers Association reports. This could indicate the market is thawing after a frigid winter helped to depress hom
A sharp drop in mortgage interest rates finally lit a fire under loan demand. Both current homeowners and potential homebuyers jumped back into the market, after a lackluster showing for this year so far.Total mortgage application volume jumped 20.4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. This was not only the first increase in three weeks, but it is an outsized week
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U.S. construction spending unexpectedly fell in January, pulled down by a decline in outlays on multi-family homebuilding.The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.2% after an unrevised 0.5% increase in December. Economists polled by Reuters had expected construction spending would be unchanged. Construction spending increased 3.3% on a year-on-year basis in January.Spending on private constructio
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