Michael Sasso
Reporter at Bloomberg News
Bloomberg Real Economy reporter. Proud husband of Marie and father of Veronica. Email me at [email protected]
Articles
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1 day ago |
biztimes.biz | Michael Sasso
U.S. sales of previously owned homes unexpectedly dropped in April to the slowest pace in seven months, restrained by ongoing affordability constraints and highlighting a lackluster start to the key spring selling season. Contract closings decreased 0.5% to an annualized rate of 4 million, according to National Association of Realtors data released recently. That fell short of the median estimate in a Bloomberg survey of economists and marked the weakest April since 2009.
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1 day ago |
telegraphherald.com | Michael Sasso
U.S. sales of previously owned homes unexpectedly dropped in April to the slowest pace in seven months, restrained by ongoing affordability constraints and highlighting a lackluster start to the key spring selling season. Contract closings decreased 0.5% to an annualized rate of 4 million, according to National Association of Realtors data released recently. That fell short of the median estimate in a Bloomberg survey of economists and marked the weakest April since 2009.
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2 days ago |
grandforksherald.com | Michael Sasso
Pending sales of previously owned U.S. homes last month fell by the most since September 2022 , illustrating a disappointing spring selling season as prospective buyers balk at high asking prices and borrowing costs. An index of contract signings dropped 6.3% in April to 71.3, according to National Association of Realtors data issued Thursday. The decline was steeper than all estimates in a Bloomberg survey of economists.
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5 days ago |
keenesentinel.com | Michael Sasso
Facebook Twitter WhatsApp SMS Email A sign is posted in front of a home for sale on Aug. 7, 2024, in San Anselmo, Calif., north of San Francisco.
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1 week ago |
courant.com | Michael Sasso
By Michael Sasso, Bloomberg NewsPending sales of previously owned U.S. homes last month fell by the most since September 2022, illustrating a disappointing spring selling season as prospective buyers balk at high asking prices and borrowing costs. An index of contract signings dropped 6.3% in April to 71.3, according to National Association of Realtors data issued Thursday. The decline was steeper than all estimates in a Bloomberg survey of economists.
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Washington DC's always been an affluent melting pot filled with stable federal jobs and contractors. Under DOGE's watch, that could be changing, and it faces a likely recession. My latest with my brilliant colleagues https://t.co/8HIjnlOqt7
America's days of ever-growing home prices appear to be over, good for buyers and bad for sellers. Economists are having to lower their forecasts for prices lately. Please check out this free story by my colleagues Prashant Gopal, Jonnelle Marte and me. https://t.co/YBWLRJaUJR
The "spec' home is quickly falling out of fashion with builders, as their supplies grow and profits lag "build-to-order" homes. One economist is "waving a yellow flag" due to rising supply. My latest for Bloomberg News https://t.co/SPw5HMDvsZ