Dubai’s real estate market continues to thrive, with 2024 poised to be another record-breaking year in terms of sales figures and property values. The demand for property, particularly in the luxury segment, is driving prices up not only for homes but for all commodities in the city. This surge in demand comes at a time
Inventory
Dick’s Sporting Goods recently released its fiscal second-quarter earnings report, showcasing an impressive performance that surpassed Wall Street’s expectations. The company reported earnings per share of $4.37, compared to the $3.83 expected by analysts. Additionally, Dick’s generated revenue of $3.47 billion, higher than the anticipated $3.44 billion. Despite concerns about a potential slowdown in consumer
As the National Football League (NFL) season kicks off, automakers are diving back into advertising during football games after a lull in recent years. Companies like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are gearing up to utilize the NFL as a primary advertising platform in the upcoming months. Toyota, in particular,
The housing market has been witnessing an interesting shift in recent times. While the supply of homes for sale is still lower than historical standards, it is on the rise. According to a report from Realtor.com, active listings in August saw a significant increase of 36% compared to the same month last year. This marks
In recent months, the real estate market has seen a surge in home prices, reaching the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Despite the rising mortgage interest rates, prices nationally were reported to be 5.4% higher than they were in June 2023. However, this annual gain was slightly
The once-thriving discount retailer, Dollar General, experienced a significant drop in its shares on Thursday. This unexpected tumble was a result of the company slashing its sales and profit guidance for the full year. The retailer, known for catering to lower-income customers in rural areas, is facing challenges in today’s economy. CEO Todd Vasos mentioned
Recent data shows that mortgage rates have been on the decline for the fourth consecutive week. Despite this decrease, the response from both current homeowners and potential homebuyers has been lackluster. The average contract interest rate for 30-year fixed-rate mortgages fell to 6.44%, with points also decreasing. However, the increase in total mortgage application volume
The real estate market experienced a 1.3% increase in closed sales of previously owned homes in July compared to June, reaching a seasonally adjusted annual rate of 3.95 million units. Despite this slight improvement, sales were 2.5% lower compared to the same period last year. Sales performed best in the Northeast region, while the Midwest
Despite mortgage rates falling for the third consecutive week, there was a significant drop in applications to refinance a home loan. The Mortgage Bankers Association reported a 15% decrease in refinance applications compared to the previous week. This decline comes after a 23% surge in demand over the past four weeks, as mortgage rates saw
The construction boom in the U.S. has led to a surplus of housing units, resulting in lower rents and various benefits for renters. This surge in construction activity, especially since the pandemic, has substantially increased the inventory of available units, giving renters more options to choose from. According to Zillow Group, a significant number of