- The median price of an existing home sold in August was $356,700, an increase of 14.9% from August of 2020.
- The supply of homes for sale fell 1.5% month to month to 1.29 million at the end of August.
Sales of previously owned homes declined 2% in August from July to a seasonally adjusted annualized rate of 5.88 million units, according to the National Association of Realtors.
Sales were 1.5% lower than August 2020 for the first annual decline in 14 months. Sales, however, are still above pre-pandemic levels.
-
I was Lyft's former head of PR. I'm really not surprised by their earnings blunder."It's amazing that something like this doesn't happen much more often," writes Will Valentine, Lyft's former head of communications and PR, of the company's earnings typo.
10 months ago -
I quit my $400,000 Morgan Stanley job to become a startup founder. Loneliness was the biggest challenge, but I don't regret it.An investment banker lost meaning in his work, so he quit. Now he runs a platform for body doubling and is much more fulfilled.
10 months ago -
It looks like Elon Musk is a bit envious of Mark Zuckerberg's control over MetaElon Musk found another reason to gripe at Marc Zuckerberg — and this time, it's about the structure that gives Zuckerberg a chunk of control at Meta.
10 months ago -
US banks have loaned $1 trillion to less regulated 'shadow banks'Debt flowing to non-depository financial entities reached $1.0024 trillion last month, representing a roughly 12.16% surge from 2023.
10 months ago -
Sam Altman wants Washington's backing for his $7 trillion AI chip ventureSam Altman is trying to get US backing for his trillion-dollar AI chip venture to avoid national security and antitrust concerns, Bloomberg reported.
10 months ago -
Lawmakers are trying to keep meatpacking giant JBS from trading on NYSE, citing links to deforestationA bipartisan group of lawmakers, along with environmental groups, say they fear more environmental harm if JBS gains access to additional capital.
10 months ago
