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As of December 2025, UK and US retailers report mixed financial results amid subdued consumer confidence and economic uncertainty. Watches of Switzerland sees robust US demand and tariff relief, while Frasers Group faces UK sales declines despite international growth. Walmart raises forecasts on strong e-commerce and affluent shoppers. Target and home improvement chains report sales challenges, prompting investments and cautious outlooks.
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The US housing market shows signs of stagnation with record-low home turnover rates, rising mortgage rates, and declining homeownership. Fewer homes are changing hands, and buyer activity remains subdued amid economic uncertainty and high prices, impacting affordability and mobility.
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Mortgage rates in the U.S. declined slightly this week, with the 30-year rate at 6.23%. Meanwhile, the FHFA announced a 3.3% increase in the conforming loan limit for 2026, raising it to $832,750 in most areas, with higher limits in expensive markets like Los Angeles and New York.