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Inflation Numbers Rise Slightly in October; Rate Hike Up in the Air
Inflation rose slightly in October as the Federal Reserve tries to decide how much it should lower interest rates, the Commerce Department reported November 27. The PCE price index increased 0.2% in October. Excluding food and energy (so-called “core inflation”), the PCE price index increased 0.3%. The price of goods increased less than 0.1% and… […]
Consumer Sentiment Rises Slightly for the Third Consecutive Month
How are consumers feeling overall, and how does that translate to a real estate sale? The question is multifaceted, but asking it could be key to learning where buyers stand as the election fast approaches. The consumer sentiment index indicated yet another rise, for the third consecutive month, per the University of Michigan’s survey of… […]
Consumer Confidence Up Slightly in August Due to Economy and Inflation
The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, rose in August to 103.3, from an upwardly revised 101.9 in July, while the Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1. The Expectations… […]
NAR’s Lawrence Yun Predicts US Home Prices Won’t Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7%
Yun Predicts US Home Prices Won’t See Major Decline Inflation, elevated mortgage rates, and limited housing inventory will prevent large home price drops for most of the U.S. in 2023. Media Contact: Troy Green 202-383-1042 Residential Real Estate
Home Price Gains Contract Slightly in April
As the housing market shifted under the weight of elevated mortgage rates and inflation in April, the most recent S&P CoreLogic/Case-Shiller Indices show that price growth for single-family homes in the U.S. experienced a mild acceleration. The organization revealed that home prices climbed 20.4% in April, slightly down from March’s 20.6%. All 20 cities saw […]
Existing Home Sales Rise Slightly for the First Time in Four Months
Existing home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments, rose 1.4 percent on a seasonally adjusted annual basis to 5.86 million units, 22.9 percent higher than the 4.77 million rate in June 2020. Activity was higher month-over-month in three of the four major regions […]
Forbearances Up Slightly After Last Week’s Plunge
Last week Black Knight reported that the beginning of October saw a decline in the number of active forbearance plans of 649,000 or 18 percent as many plans reached the end of their initial period. It was the largest single week decline since the crisis began. This week the number of loans in forbearance edged […]
Layoffs declined slightly to 1 million last week
A drop in claims for unemployment checks implies that even with new layoffs there are job creations and people are able to come off unemployment. www.nar.realtor – Research