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Dani Romero. June 26, 2024 at 12:44 PM. New home sales hit a six-month low in May as high mortgage rates continued to weigh on potential buyers. Sales of new single-family homes fell 11.3% from ...
Home prices are higher as well – largely, at this point, due to a lack of inventory. Zillow says the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021.
Average mortgage rates for 30-year and 15-year terms inch higher as of Monday, July 1, 2024, kicking off the Fourth of July holiday week. The current average rate for a 30-year fixed mortgage is 7 ...
Discount window. The discount window is an instrument of monetary policy (usually controlled by central banks) that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions. The interest rate charged on such loans by a ...
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply ...
However, there are studies that show that higher prices for products due to increased labor cost are usually only by about 0.4% of the original price. According to a 2020 study, a 10% minimum wage increase for grocery store workers translates into 0.36% higher grocery prices which is consistent with full cost pass-through.
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