Core inflation rose less in November than forecasters had been expecting, in part because housing costs rose at a slower pace, Pantheon Macroeconomics Chief U.S. Economist Samuel Tombs said. Continue reading
Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors. Continue reading
Bond market investors are focused on the latest “dot plot,” indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025. Continue reading
Requests for purchase loans picked up last week during a short-lived drop in rates, MBA survey shows, helped by “gradually improving inventory conditions and a more positive outlook on the economy and job market.” Continue reading
Some renters think a crash would help them buy a home. But a surprising number of homeowners also think a major downturn would be a good thing, LendingTree survey finds. Continue reading
“From an affordability perspective, we think 2025 will look a lot like 2024,” Fannie Mae chief economist says, but with more inventory in Sun Belt states and parts of the Mountain West and Pacific Northwest. Continue reading
The National Association of Realtors hosted its latest Real Estate Forecast Summit on Thursday, where five of the industry’s top economists shared their predictions for mortgage rates, consumer activity, government spending and macroeconomic trends. Continue reading
The latest Consumer Price Index reading is in line with expectations, but progress in fighting inflation has stalled. Forecasts for a slower pace of easing next year might keep mortgage rates above 6 percent. Continue reading
While only 23 percent of Americans surveyed by mortgage giant Fannie Mae in November thought it was a good time to buy a home, that’s up from 14 percent a year ago, when mortgage rates were near post-pandemic peaks. Continue reading
Employers added 227,000 workers to their payrolls in November, but with 7.1 million Americans out of work the unemployment rate is back up to 4.2 percent. Continue reading