The U.S. government sent stimulus checks of up to $1,200 to Americans this yr, yet Congress is deadlocked over a brand new spherical of support. The median U.S. existing-home price breached $300,000 in July, based on information published on Friday by the National Assn. of Realtors, up eight.5% 12 months on year. Shoppers are splashing out on their homes partially as a end result of they are spending less elsewhere. The public well being crisis has made more Americans unwilling or unable to eat out or go on holiday, whereas demand for clothes has dropped.
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