For the fifth straight month, sales of existing homes fell due to the ongoing low inventory problem coupled with multi-decade highs in borrowing costs in October. Home prices rose annually for the fourth straight month, while monthly inventories were at 3
By James KleimanSource: https://www.housingwire.com/?p=414990 Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett co
Consumer inflation, as measured by the Consumer Price Index (CPI), was unchanged in October after the 0.4% increase in September. Falling energy and shelter costs were a few segments within the data that helped to push the headline number lower. When stri
The October Jobs Report was a miss on many levels with fewer jobs created than expected with large downward revisions for August and September. The Unemployment Rate inched higher, private payrolls were below expectations while government jobs made up a t
Sales of new homes jumped 12.3% in September to an annual rate of 759,000 units, the highest rate since February 2022. Sales soared 33% from September 2022 and were up in each region of the U.S. Builders lured buyers in through price discounts and other i
Sales of existing homes fell for the fourth straight month in September to lows not seen since the Great Recession. September sales fell 2% from August to an annual rate of 396 million units. The median price rose to $394,300, the highest ever for any Sep
