“The changes we’ve recently made are the result of the broader rate environment and consistent with the response of other lenders in the industry,” a Wells Fargo spokesman told CNBC in a statement, adding that the bank “regularly” adjusts staffing levels to align with market conditions.
“Layoffs are not yet rising—and the bar to letting people go probably is higher than in previous cycles, given how much trouble firms had rehiring people after the initial Covid shock—but that likely will change over the next couple months," says Shepherdson.Home improvement giants Home Depot and Lowe’s are sure to give an update on how the housing market downturn has impacted business when they report earnings next Tuesday and Wednesday, respectively.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
This chart shows where US housing market prices are dropping the mostAccording to the American Enterprise Institute’s Housing Center, home prices are finally declining after 10 years of a seller’s market. Can we do math? A $400k house was run up to $700k during the madness is now down to $679k. The $560k 80% mortgage was $2256 but now, saving $21k off the price it’s $3705 a month. Not exactly a benefit, is it?
اقرأ أكثر »
Confidence in US housing market hits a new low: Fannie MaeRising mortgage rates and high home prices have brought consumer confidence in the U.S. housing market to the lowest level in over a decade, according to Fannie Mae. With many homes in the $500,000 range today and interest at 7% or higher, that is $35,000 a year just for interest excluding taxes, utilities, and paying the principal. Depending on the area, that easily could be $4,000+ a month in payments. Very few Americans can afford that!
اقرأ أكثر »
Jill On Money: As housing market cools, will prices follow?Jill On Money: As housing market cools, will prices follow?
اقرأ أكثر »
Shiba Inu’s Market Cap Slips Below $6 Billion Amid Market BloodbathShiba Inu is struggling to buck the broader bearish trend, with its value now slipping below $6 billion That's not much compared to other currencies.
اقرأ أكثر »
Crypto Market Liquidations Hit $300 Million in Last 12 Hours, Bull Market Canceled?$FTT and $ETH are the two biggest liquidation providers on the market today, thanks to the FTX situation
اقرأ أكثر »