The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 21, 2025
Today: January 21, 2025
ALEX VEIGA

ALEX VEIGA

Staff Writer

Latest From ALEX VEIGA

Business|Technology|US

FTC bans GM from sharing driving data to settle claims that the automaker sold data without consent

General Motors will be banned for five years from disclosing data that it collects from drivers to consumer reporting agencies as part of a settlement with the government to resolve claims that the automaker shared such data without consumers’ permission

Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street closes lower, giving S&P 500 another losing week

Stocks closed lower on Wall Street, giving the S&P 500 its second losing week in a row

Stock market today: Wall Street closes lower, giving S&P 500 another losing week
Business|Economy|News|US

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices

Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Economy|Finance|News|US

The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high

The average long-term U.S. mortgage rate edged up again this week, another setback for would-be homebuyers navigating an increasingly less affordable housing market

The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Business|Economy|Finance|US

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO

The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
Business|Economy|Finance|US

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%

Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly less affordable housing market

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%
Economy|Finance|News|US

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000
Business|Economy|Finance|US

The average long-term US mortgage rate surges to 7.57%, holding at highest level since 2000

Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than two decades and taking another bite out of prospective homebuyers’ purchasing power

The average long-term US mortgage rate surges to 7.57%, holding at highest level since 2000
Business|Economy|Finance|Technology

Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in the 3rd quarter

Tesla has reported that its net income slumped in the third quarter versus a year earlier

Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in the 3rd quarter
Economy|Finance|News|US

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
Business|Economy|Finance|US

The average long-term US mortgage rate surges to 7.63%, holding at highest level since 2000

The cost of financing a home surged again this week, keeping the average long-term U.S. mortgage rate at its highest level since December 2000

The average long-term US mortgage rate surges to 7.63%, holding at highest level since 2000
Business|Finance|US

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales

A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales
Business|Economy|Finance|News|US

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
Business|US

National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire

The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement

National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire
Business|News|Technology

New vehicles from Detroit's automakers are planned in contracts that ended UAW strikes

Stellantis plans to build a new midsize pickup truck, along with battery-run versions of six Jeep, Ram and Dodge vehicles

New vehicles from Detroit's automakers are planned in contracts that ended UAW strikes
Business|Economy|Finance

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade

Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade
Economy|Finance|News|US

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop

The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for prospective homebuyers after rates touched a 22-year high just last month

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop
Economy|Finance|News|US

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar
Economy|Finance|News|US

The average long-term US mortgage rate falls to 7.29% in fourth-straight weekly drop

The average long-term U.S. mortgage rate fell for the fourth time in as many weeks, more positive news for prospective homebuyers who have been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale

The average long-term US mortgage rate falls to 7.29% in fourth-straight weekly drop
Business|Finance|Stock Markets

Stock market today: Wall Street ends mixed in half-day session, marks fourth straight winning week

Stocks drifted to a mixed finish after a half-day trading session capped a holiday shortened week that left the major indexes with their fourth straight winning week

Stock market today: Wall Street ends mixed in half-day session, marks fourth straight winning week
Business|Economy|News|US

Veev to shut down. Its CEO saw modular homes as answer to housing shortage

Veev, a homebuilder based in Hayward, California, hoped that the construction of more modular homes would help tackle the nation’s chronic shortage of new homes

Veev to shut down. Its CEO saw modular homes as answer to housing shortage
Business|Economy|Finance|News|US

The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September

The average long-term U.S. mortgage rate fell for the fifth week in a row, more good news for prospective homebuyers grappling with an increasingly unaffordable housing market

The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street extends its rally and closes at highest level since March 2022

Stocks gained ground on Wall Street as the market comes off its best month in more than a year

Stock market today: Wall Street extends its rally and closes at highest level since March 2022
Business|Economy|Finance|Stock Markets|Technology

Uber set to join the S&P 500 index in latest sign of a turnaround for the ride-hailing service

Uber's stock is set to join the S&P 500 index later this month

Uber set to join the S&P 500 index in latest sign of a turnaround for the ride-hailing service
Asia|Business|Finance

Stock market today: Asia markets rise ahead of US consumer prices update

Asia markets opened higher following a positive close on Wall Street

Stock market today: Asia markets rise ahead of US consumer prices update

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