Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates

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  China’s economy hits 5% growth target but rate among slowest in decades

  Latter part of 2024 ‘recovered remarkably’ after stimulus measures, says National Bureau of Statistics. Business live – latest updates China’s economy grew by 5% in 2024, in line with ...
  
  The Guardian - Jan. 17

• Mortgage rates rise past a key mark, signaling bad news for home buyers

  The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.
  
  MarketWatch - Jan. 16

• Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.

  Rates were supposed to go down — but a strong U.S. economy is getting in the way.
  
  MarketWatch - Jan. 11

• 7 ways to get a lower mortgage rate in 2025

  Lowering your interest rate can save you money over the life of the loan. Here are seven ways to make it happen.
  
  CBS News - Jan. 6

• Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?

  The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.
  
  MarketWatch - Jan. 4
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  U.S. Car Sales Hit a Five-Year High in 2024

  Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.
  
  Inc. - Jan. 3

• Chinese EV makers BYD, Nio, Li and XPeng end 2024 on a sales high

  Chinese electric-vehicle makers enjoyed strong sales in December 2024 as the country’s EV price war continued.
  
  MarketWatch - Jan. 2

More from The New York Times

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  Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests

  Howard Lutnick disclosed details of complex financial interests, holding at least $800 million in assets.
  
  The New York Times - 4h
• 

  Bird Flu in U.S. Is Creating Egg Shortages and Driving Up Prices

  Avian influenza has led to a shortage of eggs and wholesale prices that are through the roof. Consumers can expect to feel the pain for a while.
  
  The New York Times - 4h
• 

  Trump’s Inflation Fix Centers on Energy Emergency That Doesn’t Exist

  Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.
  
  The New York Times - 9h
• 

  How to Invest During a Presidency With a Deep Devotion to Profits

  Big business has an inside track in the second Trump presidency, and people with a stake in those businesses have reason to rejoice, our columnist writes.
  
  The New York Times - 3h

• Bank of Japan Raises Interest Rates to Highest Level Since 2008

  The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
  
  The New York Times - 17h

More in Business

• 

  These Companies are Pulling Back on DEI Initiatives

  DEI policies originated as a counterweight to discriminatory corporate practices.
  
  Inc. - 6m
• 

  5 Economic Forces that Could Shape Trump’s First Year of Presidency

  The economy won’t exactly bend to Trump’s whims.
  
  Inc. - 42m

• Corporate tax cuts don’t boost the economy — despite what many investors believe

  Raising corporate taxes — not cutting them — frequently delivers faster economic growth.
  
  MarketWatch - 51m

• Jim Cramer's week ahead: Fed meeting and Big Tech earnings

  CNBC's Jim Cramer highlighted what he's paying attention to next week as Wall Street launches into earnings season.
  
  CNBC - 1h
• 

  Amazon Prime Video Seeks Profit Boost from Live Sports

  Live sports create valuable opportunities for targeted ad placements on Prime Video.
  
  Inc. - 1h