Hotels and cruise ships across America are going to be very busy in late 2024 as AAA predicts that 119.3 million people will travel 50 miles or more from home during the year-end holiday period, spanning Saturday, December 21, 2024 to Wednesday, January 1, 2025.
The National Association of Realtors (NAR) reported a rise in U.S. existing-home sales in the full month of November 2024. Sales increased in three major regions and held steady in the West. Year-over-year, all four regions saw sales growth.
This week, the Federal Reserve reduced its key interest rate by a quarter percentage point, marking the third consecutive cut and signaling a cautious outlook for future reductions.
Builder sentiment remained consistent at the close of 2024, as elevated home prices and mortgage rates balanced builders' optimism about a potential improvement in the regulatory business environment by 2025.
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