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Read previewA wave of younger buyers are about to enter the housing market in a trend that could spark a boom for homebuilders, according to one housing analyst. That's because young Americans are itching to buy a home, and they'll likely enter the housing market in droves once mortgage rates come down, he told CNBC in a recent interview. AdvertisementThe 30-year fixed mortgage rate hovered around 6.35% the last week, Freddie Mac data shows, close to their lowest level since early 2023. Yet, 89% of existing homeowners have a mortgage rate below 6%, Redfin found in a survey at the start of the year. Mortgage rates, though, could be slow to come down, housing experts say.
Persons: , Phillip Ng, they'll, We've, Ng, Freddie Mac, Redfin, Pricing's Organizations: Service, Jefferies, CNBC, Business, Buyers, National Association of Realtors, Builders, Mortgage Locations: Redfin
Insider Today: Trump survives shooting
  + stars: | 2024-07-14 | by ( Matt Turner | ) www.businessinsider.com   time to read: +3 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The world is waking up in shock this morning after former President Trump survived a shooting at a rally in Pennsylvania. Steve Granitz/FilmMagic; iStock; Rebecca Zisser/BINot all self-driving cars are created equalTesla employees say they were told to prioritize data from self-driving cars belonging to Elon Musk and other VIPs. AdvertisementCompanies are using AI to mine users' data, in order to determine and charge the highest price you're willing to pay. Advertisement— Michael Guan, CEO and cofounder of Final Round AI, whose AI "magical teleprompter" can help people ace job interviews.
Persons: , Trump, Steve Granitz, Rebecca Zisser, Elon Musk, Tyler Le, Chelsea Jia feng, Andy Jassy, Mike Blake, Chelsea Jia Feng, Andy Jassy's, Jeff Bezos, Jassy, Michael Guan Organizations: Service, Business, Citi, Chelsea Locations: Pennsylvania
In a Tuesday interview with CNBC's Jim Cramer, Nucor CEO Leon Topalian gave reassurances that the steelmaker is on the right track despite quarterly earnings that fell short of expectations and weak guidance for the current period. Nucor released its quarterly report Monday evening and by Tuesday's close, shares had declined more than 8%. The company said it expects its steel products segment to have "moderately decreased earnings" in the second quarter compared to the first due to "lower average selling prices, partially offset by increased volumes." Topalian conceded that the second quarter would be "a little bit lower," but insisted that steel products has been "one of our strongest, most resilient, robust performers." And according to him, Nucor is seeing its earnings moderate after the past few years of intense growth following the pandemic.
Persons: CNBC's Jim Cramer, Leon Topalian, Topalian, Nucor, Tuesday's Organizations: Nucor Locations:
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