What a difference a year makes. At the beginning of 2022, real estate markets all over the world were up against huge demand, limited supply and high prices. Looking toward 2023, the landscape has changed dramatically since central banks began raising interest rates last spring. Although home prices are falling […]
boom
WASHINGTON — As housing sales slow amid higher interest rates, thousands of workers who found jobs in the booming housing market of the pandemic are now facing widespread layoffs with steeper cuts expected ahead. Some of the biggest players in the real estate industry, including RE/MAX, Redfin and Wells Fargo, […]
Comment on this story Comment The pandemic boom in do-it-yourself home improvement projects is officially over. Stanley Black & Decker Inc. on Thursday chopped its 2022 earnings guidance nearly in half, citing a significant slowdown in consumer demand for power tools beginning in late May and accelerating through June. Volumes […]