February 24, 2023

Stock market news today: Stocks slide after hotter-than-expected key inflation print

Yahoo Finance

New home buyers are backing out of deals. Why?

As mortgage rates inch closer to 7%, hundreds of thousands of inflation-weary homebuyers across the U.S. are backing out of deals.
Nationwide, the number of newly pending contracts to buy a home plunged from 58,000 to 55,000 during the week ending Feb. 17, Altos Research found. That’s its first decline since the start of the year, a notable reversal from what appeared to be a slowly recovering housing market ahead of the spring.

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