NAR released a summary of existing-home sales data showing that housing market activity this December declined 1.5% from November 2022. December’s existing-home sales reached a 4.02 million seasonally adjusted annual rate. December’s sales of existing homes weakened by 34.0% from December 2021, marking eleven consecutive months of home sales declines. December’s annual figure of 5.03 […]
DOJ announces a $31 million redlining settlement with LA-based City National Bank
Assistant Attorney General of the U.S. Department of Justice’s Civil Rights Division Kristen Clarke (right) speaks next to U.S. Attorney Martin Estrada, of the California central division, while announcing the redlining case against City National Bank during a news conference on Thursday at the Second Baptist Church in Los Angeles. NEW YORK — The […]
How Buying a Home Became a Key Way to Build Wealth in America
Mortgage rates above seven percent and a low supply of homes for sale has made home ownership feel out of reach for many Americans. Yet it remains an important way to build wealth in the U.S. JUANA SUMMERS, HOST: Potential homebuyers are facing several challenges in 2023. Home prices and interest rates are high. […]
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