A rise in home values and stocks pushed Americans' wealth to a fresh record high in the first quarter of the year, defying the headwinds of an economy weakened by harsh winter weather. The household wealth climbed at a fresh high amid improvements in labor market and gains in the stock and residential real estate markets that are giving balance sheets a lift. According to a report by the … [Read more...]
US Real Estate Recovers as sales of new Homes rose 6.4 percent in April
After witnessing a slump in straight two months, the sales of new homes in the United States have seen a recovery in April. According to the US Department of Commerce, sales of new homes rose 6.4 percent in April at a seasonally adjusted annual rate of 433,000. In March, purchases fell 6.9 percent with an upwardly revised annual pace of 407,000. In February, buying had dropped 4.4 percent … [Read more...]