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Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears Unemployment claims have surged to their highest level since October 2024, adding to growing concerns over job security and the broader economy. Initial jobless claims jumped by 22,000 to 242,000 for the week ending on Saturday, Feb. 22, the Bureau of Labor Statistics said in data released on Thursday, Feb. 27. The previous week's total was revised up slightly to 220,000. The rise in claims comes as consumer confidence took its steepest monthly dive since August 2021 amid concerns over inflation, tariffs, and the labor market. The Conference Board's Consumer Confidence Index fell …

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by Chris Spiker
Business
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Consumer confidence took its biggest dive in more than three years, adding to growing concerns over inflation, job security, and the broader economy — as Americans grapple with high prices and uncertain financial conditions. The Conference Board's Consumer Confidence Index fell 7.0 points in February to 98.3, the nonprofit business research group said on Tuesday, Feb, 25. That marks the metric's steepest monthly decline since August 2021. The Expectations Index also dropped 9.3 points to 72.9. That number gauges consumers' outlook on jobs, income, and business conditions. Fo…

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by Chris Spiker
Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why US Home Sales Plunge To Lowest Level Since 1995: Here's Why
US Home Sales Plunge To Lowest Level Since 1995: Here's Why Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …

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by Chris Spiker
Real Estate
40-Foot Pool Among Selling Points For Potomac Home That Sold Over Asking Price For $1.86M 40-Foot Pool Among Selling Points For Potomac Home That Sold Over Asking Price For $1.86M
40-Foot Pool Among Selling Points For Potomac Home That Sold Over Asking Price For $1.86M Hard work paid off for a team of realtors who overhauled a Maryland home, selling for more than $60,000 over the asking price.  A buyer just had to have a Potomac home at along 9117 Potomac Station Lane, sitting on an unusually large parcel of land for the neighborhood that sold for $1.86 million, above the $1.799 million listing price,  The five-bedroom, 5.5-bathroom custom-built 6,350-square-foot home had been listed with Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners of Washington Fine Properties. According to the realtors, the…

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by Zak Failla