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Nevermind: Weak demand, softening prices and economic uncertainty are pushing home sellers to retreat. Nearly 85,000 listings were delisted in September—up 28% year over year and the highest in eight years, Redfin says. With 70% of listings sitting 60+ days and price growth slowing, many homeowners prefer to wait rather than accept lower offers. Read more from CNBC.
Steady: The Fed’s Beige Book reports little change in U.S. economic activity, with consumer spending slipping except among high-end shoppers. Employment edged down and prices rose moderately. Business outlooks held steady overall, though some contacts warned of slowing activity ahead while manufacturers reported pockets of optimism. Read more from Bloomberg. A subscription may be required.
Thanksgiving made easy: Local restaurants are stepping in for those skipping Thanksgiving cooking, offering buffets, traditional turkey spreads and full menus across Baton Rouge. Options range from BRQ and Fleming’s to hotel buffets at the Crowne Plaza and The Gregory, plus family staples like Piccadilly—all encouraging diners to reserve ahead. Read a roundup from 225 on who is open for Thanksgiving.
Daily Report will not publish Thursday and Friday. We will return publishing on Monday, December 1. Have a happy and safe Thanksgiving holiday!
