Tag Archives: consumer price index

Demand for purchase loans sinks as mortgage rates rebound

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Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation. Continue reading →

Housing singled out as largest contributor to inflation: Economists

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Housing costs were the biggest contributor to inflation in January, according to new data from the Bureau of Labor Statistics. Increased food and energy costs were smaller by comparison. Continue reading →

‘The gate is beginning to open’: Big inflation drop may aid homebuyers

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The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers’ budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics. Continue reading →

Annual inflation drops to 7.1% even as housing woes persist

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Housing remained a strain on family budgets last month, but declining prices of gas, used cars and medical insurance helped soften the blow. Continue reading →

Inflation pumped brakes in October, but buyers still seeing consequences

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All-items inflation rose 7.7 percent in October — down from September’s 8.2 percent. Although its welcome news, housing economists say it’ll take until 2023 for homebuyers to see the savings. Continue reading →

Inflation up 8.2% over last year — and housing is largely to blame

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The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading →

Housing inflation isn’t slowing yet. And it may prove tough to tame

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The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way. Continue reading →

Housing ever costlier in July, despite inflation’s sudden dropoff

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A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5 percent year over year, says a report from the U.S. Bureau of Labor Statistics. Continue reading →

Inflation hits migration hotspots hardest, new study says

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Q2 Consumer price growth exceeded 10 percent year-over-year in Phoenix, Atlanta, Miami and Tampa — each of which had among the nation’s strongest net inflow of interest in moving. Continue reading →

Housing costs eyed as major culprit in latest 9.1% inflation hike

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Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics. Continue reading →