• Wednesday, August 21, 2019 - 11:20


    By Alexandra Kelley

    WASHINGTON (MNI) - The pace of existing home sales rose by 2.5% to a 5.42 million annual rate in July, the National Association of Realtors said Wednesday, landing above the 5.40 million forecast by an MNI survey of analysts.

    NAR chief economist Lawrence Yun attributed the uptick to exceptionally low mortgage rates and a healthy labor market, but warned that recession fears may scare off potential buyers.

    "Generally, low rates stimulate buying activity, the jobs market remains strong, but there's increasing economic uncertainty. Given that home buying is a major expenditure, people may be hesitant to buy homes if they believe we're facing an economic recession," he told reporters.

  • Wednesday, August 21, 2019 - 07:56


    By Evan Ryser

    WASHINGTON (MNI) - The White House is unlikely to bring any proposal for a coordinated international economic stimulus plan to the G7 summit in Biarritz, and will not be concerned by the potential lack of a communique, Clete Willems, former U.S. sherpa and adviser to President Donald Trump, told MNI.

    "I think the administration would be very comfortable with no communique.

  • Wednesday, August 21, 2019 - 07:48


    By Evan Ryser

    WASHINGTON (MNI) - The White House is unlikely to bring any proposal for a coordinated international economic stimulus plan to the G7 summit in Biarritz, and will not be concerned by the potential lack of a communique, Clete Willems, former U.S. sherpa and adviser to President Donald Trump, told MNI.

    "I think the administration would be very comfortable with no communique.