#december-slump

#december-slump

Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran. The 60-day waiver for the Jones Act aimed to lower energy costs but has had little impact on oil prices, which continue to rise amid the ongoing conflict.

[I'm] lucky to get three cars a day. And most people don't even buy a thing.

'Walmart Worries' just keep multiplying. It's currently close to the highest level ever recorded which was during the Great Financial Crisis of 2008-09.

Although De Noire is based in Europe, she believes that economic upheaval in the United States "triggers huge uncertainty" across the pond because of America's global influence. De Noire first noticed a decline in business right after Donald Trump was elected in November 2024, as Americans and the rest of the world anticipated upheaval. "I didn't even bother working South by Southwest because the first Friday night I attempted to work, I walked into a completely empty club and didn't make any money at all,"

In addition to the sales pace decreasing, the inventory of unsold homes also fell on a monthly basis, dropping 0.8% from December to 1.22 million unsold units, which represents 3.7 months' supply at the current sales pace. Despite the drop from a month prior, the inventory of unsold existing homes is up 3.4% compared to a year ago. The report also noted that the median sales price rose 0.9% year-over-year to $396,800, marking the 31st consecutive month of annual price increases.