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is still in the mid-5% range. Just 6% of those surveyed think mortgage rates will fall, while 67% said they expect rates to rise further. What’s behind the recent drop in housing prices? AUG. 3, 202202:50 Sales of both new and existing homes have been falling sharply over the last few months, as affordability weakens and consumers worry about inflation and the broader economy. Recommended CONSUMER Coca-Cola’s newest flavor ‘Dreamworld’ supposedly tastes like dreams CONSUMER U.S. Postal Service asks for temporary postage hike for holiday season Big losses in the stock market have also caused demand for higher-end homes to drop. More supply is coming on the market, which is helping a little bit, but inventory is still well below historical norms, especially at the entry level. “With home price growth slowing, and projected to slow further, we believe consumer reaction to current housing conditions is likely to be increasingly mixed: Some homeowners may opt to list their homes sooner to take advantage of perceived high prices, while some potential homebuyers may choose to postpone their purchase decision believing that home prices may drop,” added Duncan.
Aug. 9, 2022, 1:54 AM +07 / Source: CNBC.com By Diana Olick, CNBC Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic, according to a monthly survey released Monday by Fannie Mae. Just 17% of those surveyed in July said now is a good time to buy a home, down from 20% in June. Even more telling, however, is that the share of sellers who think it’s a good time to list their homes dropped to 67% in July from 76% two months prior. Far fewer consumers now think home prices will rise, while the share of those who think prices will fall jumped from 27% to 30%. Housing shortage seeping into the Midwest and the South AUG. 7, 202202:28 Fannie Mae’s Home Purchase Sentiment Index consists of six components: buying conditions, selling conditions, home price outlook, mortgage rate outlook, job loss concern and change in household income. Overall, the index fell two points in July to 62.8. It’s down 13 points from a year earlier. It hit an all-time high of 93.7 in summer 2019, before the pandemic. Get the Morning Rundown Get a head start on the morning’s top stories. SIGN UP THIS SITE IS PROTECTED BY RECAPTCHA PRIVACY POLICY | TERMS OF SERVICE “Unfavorable mortgage rates have been increasingly cited by consumers as a top reason behind the growing perception that it’s a bad time to buy, as well as sell, a home,” Doug Duncan, Fannie Mae’s senior vice president and chief economist, wrote in a release. The average rate on the 30-year fixed mortgage started this year around 3% and then began rising steadily, briefly crossing the 6% line in June, according to Mortgage News Daily. It fell back slightly since then but
Aug. 9, 2022, 2:40 AM +07 By Rob Wile Volkswagen Group of America is recalling about 1,200 of its 2016 model-year vehicles over concerns about a defective airbag part that could cause the airbag housing to explode. According to a recall notice dated July 27, a defective airbag inflator could send sharp metal fragments striking people inside the vehicle, resulting in serious injury or death. In addition, an airbag that does not deploy properly also increases the risk of injury in a crash, the recall says. Dealers have been instructed to replace the airbag free of charge, according to the recall. Affected models include the 2016 Audi TT Roadster, TT Coupe, S3 Sedan, R8 Coupe, A3 Sedan, A3 Sportback e-tron, A3 Cabriolet, Golf SportWagen, Golf R, Golf GTI and Golf Mk7 and the battery-electric e-Golf hatchback. Recommended CONSUMER Coca-Cola’s newest flavor ‘Dreamworld’ supposedly tastes like dreams CONSUMER U.S. Postal Service asks for temporary postage hike for holiday season The recall for exploding airbags follows an unrelated recall in May affecting some Hyundai vehicles equipped with a defective exploding seat belt part. Both the airbag inflator and the seat belt pretensioner had been classified as containing similar hazardous materials. The latest airbag campaign is not related to the long-running Takata airbag recall that has affected nearly 3 million vehicles. For more information, visit nhtsa.gov/recalls and search your vehicle’s VIN number to see whether it is affected. Get the Morning Rundown Get a head start on the morning’s top stories. SIGN UP THIS SITE IS PROTECTED BY RECAPTCHA PRIVACY POLICY | TERMS OF SERVICE Rob Wile Rob Wile is a breaking business news reporter for NBC News Digital.
Product detail for this product:
Suitable for Women/Men/Girl/Boy, Fashion 3D digital print drawstring hoodies, long sleeve with big pocket front. It’s a good gift for birthday/Christmas and so on, The real color of the item may be slightly different from the pictures shown on website caused by many factors such as brightness of your monitor and light brightness, The print on the item might be slightly different from pictures for different batch productions, There may be 1-2 cm deviation in different sizes, locations, and stretch of fabrics. Size chart is for reference only, there may be a little difference with what you get.
- Material Type: 35% Cotton – 65% Polyester
- Soft material feels great on your skin and very light
- Features pronounced sleeve cuffs, prominent waistband hem and kangaroo pocket fringes
- Taped neck and shoulders for comfort and style
- Print: Dye-sublimation printing, colors won’t fade or peel
- Wash Care: Recommendation Wash it by hand in below 30-degree water, hang to dry in shade, prohibit bleaching, Low Iron if Necessary
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