Tag:

Supply And Demand

National Interest
Home Listings Surge To Record $698 Billion As Buyers Back Off Home Listings Surge To Record $698 Billion As Buyers Back Off
Home Listings Surge To Record $698 Billion As Buyers Back Off A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…

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by Joe Lombardi
Hackensack, NJ
On Your Side
Wegmans Cracks Down On Rising Egg Costs With Super Low Prices Wegmans Cracks Down On Rising Egg Costs With Super Low Prices
Wegmans Cracks Down On Rising Egg Costs With Super Low Prices If you’ve been to the grocery store lately, you might have felt some serious sticker shock in the egg aisle. Prices are climbing fast, but Wegmans is vowing to keep costs from scrambling out of control. The grocery chain, known for its loyal following and high-quality selections, says it’s holding the line on egg prices even as costs soar across the country.  "With supply fluctuating nationwide, prices are rising due to avian bird influenza and strong demand," reads a blurb on the Wegmans website in the "eggs section.  "Our New York state supplier takes every precaution to ensure…

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by Cecilia Levine