Japan retail sales down 1.2% in March
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Home Sales Drop in March as Mortgage Rates Surge over 7 Percent
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
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Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend
Amazon shares rose as much as 6% in after-hours trading, after closing down 3.3% in the regular session.
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New home sales inch higher despite 7% mortgage rates: 'There's more opportunity,' economist says
Buyers are highly considering newly built homes amid a shortage of available homes in the U.S. Here's what this means and where prices are standing.