Home prices could climb 2% in 2025 and an additional 2% in 2026, according to the latest forecast from the National Association of Realtors.
The group’s economist, Lawrence Yun, projected the median U.S. home price would continue to increase in 2025, but at a slower pace compared to previous years, reaching a $410,700 median existing-home price. The median home price in November stood at $406,100.
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As 2025 approaches, America’s fiscal health is in serious trouble with a ballooning federal debt exceeding 100% of the GDP.
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Can Donald Trump reduce house prices?
A recent study by Redfin found that millions of Americans are skipping meals, selling belongings, and even delaying medical care to afford housing. Three in four Americans making less than $50,000—nearly half of Americans make less than $50,000—say they “regularly struggle” to keep a roof over their head.
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President Joe Biden is only a few weeks away from the end of his time in office, and one key part of his legacy is undeniable: inflation.
Biden has battled inflation from the start, but critics say he helped fuel it with trillions of dollars in deficit spending during his four years in office. Federal debt spending is offset in part by printing money, which increases inflation.
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The retail giant Big Lots on Thursday announced it was commencing a company-wide “going out of business” sale at all of its locations, marking another major business that went belly-up during President Joe Biden’s administration.
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An ongoing drought in Brazil coupled with bad weather in Vietnam has contributed to a significant spike in the price for Arabica and Robusta coffee beans, according to reports.
Arabica beans, now selling for more than $3.44 a pound have increased more than 80% this year, and Robusta beans also hit a high in September, marking a record high for international commodity markets.
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Dollar stores are reporting softened demand and increased financial stress among their lower-income consumers, according to The Wall Street Journal.
Some businesses say their customers are spending less money toward the end of the month and more focused on purchasing from cheap store brands, according to the WSJ. Dollar General said in a December earnings call that its best-performing category in its last quarter was its “value valley” aisle, which offers $1 products, the WSJ reported.
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Meta donated $1 million to President-elect Donald Trump’s inaugural fund, The Wall Street Journal reported Wednesday.
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Annual inflation rates increased last month.
The U.S. Bureau of Labor Statistics released its latest Consumer Price Index, a key marker of inflation, which showed that consumer prices rose 0.3% in November, part of a 2.7% increase over the last year.
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The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study.
The personal-finance website WalletHub on Friday released its new Credit Card Debt Study, which found that consumers added $21 billion in debt during the third quarter of 2024.
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