New Home Sales Jump 12.2% Higher in May
Faced with a dearth of existing homes for sale, buyers flocked to new-home options even in the shadow of higher interest rates.
Consumers Notably More Confident this Month
If consumer attitudes drive the economy, a recession appears less likely. The Consumer Confidence Index hit 109.7 in May, up from April’s 102.5.
Fraud Pushes Insurers to Balk, Even on Valid Claims
Fla. insurers often don’t trust anyone because fraudsters have many ways to falsify claims. But enforcement is difficult. Less than 2% of fraud actions end in convictions.
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