The median US home price surpasses $400,000 for the first time. Existing home sales decrease for the fourth consecutive month in May. Sales pace slowed to a seasonally adjusted annual rate of 5.41 million last month, which was 8.6 percent lower than May 2021. The median US home prices surpassed $400,000 for the first time, … Read more
Sales of existing US homes dropped for the second one directly month in March, an industry survey said Wednesday, a signal that higher mortgage prices and rising costs are taking the wind out of the booming area’s sails. Sales fell 2.7 percent ultimate month to a seasonally adjusted annualized fee of 5.77 million, which was … Read more
DUBAI: Dubai’s economy is rebounding faster-than-expected, as property sales are rising and restaurants are busy, at a time when Europe is experiencing a surge in the Covid cases and tightening restrictions again, Bloomberg reported “The recovery has been faster than we expected,” said Scott Livermore, chief economist for Oxford Economics Middle East in Dubai. “Expo has played … Read more
ISLAMABAD: The Asian Development Bank (ADB) has appointed Hong Kong University of Science and Technology (HKUST) professor Albert Park as its new chief economist. He will assume office on December 15, 2021, a statement issued by the bank said on Wednesday. As chief economist, Park will serve as the director general of the Economic Research … Read more
