
MarketMinute | House prices are still on the rise
According to the Fed, the excess savings Americans stored away during the pandemic ran dry months ago, and the economy is feeling the effects. Consumer confidence fell in June amid worries about the economy, though households remained upbeat about the labor market and inflation. Total unemployment claims rose to the highest level since 2021, a warning sign unemployed workers need longer to find a job. According to the FHFA, house prices rose 0.2% for the month in April and were up 6.3% on the year....
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