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Genesis GV60 Magma: New Electric Crossover with Stunning Performance
In the world of electric vehicles, the attention of experts and car enthusiasts has been drawn to the new Genesis GV60 Magma, which was captured on video during road testing. This crossover competes in size and class with models like the Porsche Taycan, highlighting its high performance and prestige.
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Ford Unveils Mustang Mach-E Prototype for NASCAR
Ford has announced the development of a new electric vehicle prototype, the Mustang Mach-E, which will participate in NASCAR races. This event marks a significant step for the automotive manufacturer, eager to integrate electric technologies into the world of motorsports. The prototype was unveiled during a special event where Ford showcased the potential of its new development.
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Decline in Existing Home Sales Amid Market Changes
In recent months, there has been a noticeable decline in existing home sales in the United States, hitting the lowest level in nearly 30 years. Specifically, August 2023 saw a further drop in sales measured on an annual basis, tracking a worsening market condition.
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First Steps to Home Buying: The Best Cities for New Buyers in 2025
In 2025, the real estate market will present a unique opportunity for first-time homebuyers. Experts predict that as housing becomes more affordable and interest rates decline, certain cities will become particularly attractive for these buyers. Several key factors have been highlighted that will make these cities especially appealing.
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Consumer Price Index Inflation in November 2024: Details and Outlook
In November 2024, the Consumer Price Index (CPI) in the United States rose by 0.4% compared to the previous month and by 3.2% year-over-year. This data, provided by the Bureau of Labor Statistics, met economists’ expectations, who forecasted a monthly increase of 0.4% and annual growth of 3.2%. The main factors contributing to this growth were increases in housing, food, and energy prices. This rise is part of the overall inflationary trend observed in the country in recent months.
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Housing Market Forecast for 2025: Which Cities Will Rise to the Top?
According to a new forecast by a research company, among over 400 real estate brands in the United States, the leading cities in the housing market dynamics for 2025 are set to be revealed soon. Specifically, the research authors analyzed data on price growth, housing affordability, and demand for real estate to determine which cities will be at the height of popularity among buyers.
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GMA T.50s Undergoes Testing in British Hatchback
Recently, it has been revealed that one of the most anticipated supercars of the future, the GMA T.50s, is actively undergoing testing on the roads of the United Kingdom. This vehicle has been developed by the world-renowned engineer Gordon Murray, who previously worked on the legendary McLaren F1. This supercar promises to be a true masterpiece in its class and has already caught the attention of automotive enthusiasts.
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Mortgage Rates Continue to Rise: What This Means for Potential Borrowers?
The latest report published on November 27, 2024, reveals that mortgage rates in the U.S. continue to steadily rise, causing concern for potential borrowers. The rate for 30-year fixed mortgages has reached 7.25%, marking the highest level since 2001. This significant increase compared to previous months has raised eyebrows among industry experts.
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Mortgage Market: Rates Continue to Rise, Pressuring Home Buyers
According to the latest data released on November 21, 2024, mortgage rates in the United States have continued to rise, putting additional pressure on home buyers. The average interest rate for a 30-year fixed mortgage has now reached 8.1%, marking an increase compared to previous weeks. This rise in rates comes amid strengthening economic conditions, inflation growth, and the Federal Reserve's decision to maintain its aggressive policy of raising interest rates.
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Inflation in the US Sees an Uptick: New CPI Data for October 2024
According to a report released by the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by 0.4% in October 2024. This rise surpassed analysts' expectations, who had forecasted a more modest increase of 0.3%. Year-on-year, the CPI grew by 3.7%, which was also higher than previously predicted. The surge in housing, food, and energy prices was the main driver of this increase.
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