According to multiple news sources, existing home sales in the United States fell for the 11th consecutive month in December, hitting their slowest pace since November 2010. Los Angeles experienced the second-largest drop in home prices in the nation, with inventory remaining high.
The Wall Street Journal reported that existing-home sales slid last year as interest rates surged. Realtor.com News reported that existing home sales fell by 1.5% in December, and The Washington Post reported that the sales fell by nearly 18% in 2022.
The decline in existing home sales has been attributed to a number of factors, including rising interest rates, an increase in home prices, and a lack of inventory. However, experts are hopeful that the market will improve in the coming months.
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Lord Abbett High Yield Fund Q4 2025 Commentary: What Investors Need to Know for a Profitable Future!
Jersey City, New Jersey—In the closing quarters of 2025, Lord Abbett High Yield Fund navigated a challenging investment landscape, marked by evolving interest rates and shifting economic indicators. Analysts noted that despite initial obstacles, investors were encouraged by the fund’s strategic allocation and management decisions, which positioned it favorably amidst market uncertainty. The fund’s performance during the fourth quarter reflected a cautious but calculated approach to high-yield debt. With inflationary pressures beginning to stabilize, the fund’s managers focused on identifying opportunities in sectors that showed ... Read more