January
January Sees a Notable Drop in Housing Starts
January saw a notable drop in housing starts across the country—dropping 14.8% from December—to a seasonally adjusted rate of 1.33 million units, a 0.7% decrease below the rate in January 2023, as indicated by a new data report from the National Association of Home Builders (NAHB). The 1.33 million starts figure represents the amount of… […]
U.S. Inflation Continues to Drop in January, but Pace Slows
The road to reeling in inflation will take a lot of work, and new reports from the U.S. Bureau of Labor Statistics (BLS) offer a glimpse as to why. While the consumer price index (CPI) shows a persisting downward trend in inflation, it also indicates that the pace of easing is cooling. The latest CPI… […]
Instant Reaction: Jobs, January 6, 2023
There were 223,000 net new jobs in December 2022, and the unemployment rate is at a historic low of 3.5%. Wage growth over the past 12 months was 4.6%. www.nar.realtor – Research
The January Issue of Real Estate Magazine Is Now Live
The January issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at how Fathom Realty answers the question about commissions, an interview with the recipient of the first annual Real Estate Rookie of the Year, a photo-recap of the 26th Annual Power… […]
Instant Reaction: Mortgage Rates, January 27, 2022
Mortgage rates didn’t change much this week after moving upwards for the last 5 straight weeks. The 30-year fixed mortgage rate fell to 3.55% from 3.56% the previous week. www.nar.realtor – Research
Pending Home Sales Retreat 2.8% in January, but Climb From Last Year
Pending Home Sales Retreat 2.8% in January Pending home sales took a step backward in January as inventory constraints continue to hold back prospective buyers. Media Contact: Quintin Simmons 202-383-1178
Weekly Retail Update: January 5, 2021
2020 was a year that saw a pandemic end the longest U.S. economic expansion in history and sent other economies into an economic downturn. www.nar.realtor – Research