Wall Street rallied as Powell signaled a potential September rate cut, lifting Dow over 800 points and sending S&P 500 and Nasdaq to multi-month highs.
The US housing market faces weak demand as 7% mortgage rates return, home sales decline, and first-time buyers struggle with affordability challenges and record-high prices.
Mortgage lending in the eurozone surged in July, with banks issuing €71 billion in loans, the highest since 2022, as interest rates fell, supporting the housing market recovery.
