Remains
Inflation Remains Elevated Ahead of Fed’s March Meeting
Inflation remains elevated and consumer spending has tightened as all eyes are on the Fed’s favorite inflation measure ahead of the central bank’s closely watched March meeting. The Personal Consumption Expenditures (PCE) price index (tracking costs of goods and services) for January increased 0.3%, and saw the same increase excluding food and energy, according to… […]
Broker Confidence Remains Stable, Despite New Challenges and Continued Uncertainties
The first quarter of 2022 has been anything but predictable. This is true for business and society at large. The year is still young, but it has already seen geopolitical turmoil, rollercoaster economics, entertainment follies and busted brackets. And that was just March. But, real estate, too, has certainly had its share of ups and […]
Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up
While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out […]