Week of January 22, 2023 in Review Inflation continues to move lower towards the Fed’s 2% target, while declining mortgage rates boosted signed contracts on new and existing homes in December. Here are the latest headlines: Key Inflation Measure Below 3% New Home Sales End 2023 on High Note Pending Home Sales Surged in December Fourth…
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Week of January 15, 2023 in Review Home sales and construction slumped in December, but buyers and builders have reasons to be optimistic about the housing market this year. Find out why and more in these stories: December’s Existing Home Sales Likely a “Bottom” Home Builders Optimistic About 2024 “Solid Showing” for Single-family Construction Holiday…
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Week of December 11, 2023 in Review The Fed left rates unchanged at their meeting last week. This followed news that inflation at both the consumer and wholesale levels continued to cool in November. Here are the headlines: Fed Pivots, Signals Rate Cuts Are Ahead Continued Progress on Consumer Inflation Wholesale Inflation Also Cooled Retail…
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MBS Road Signs 12-11-23 Week of December 4, 2023 in Review The latest labor sector data showed mixed results, while home prices increased. Here are the highlights: BLS Jobs Report Not What We Wanted Private Payrolls Below Expectations Job Openings Lower Jobless Claims Home Prices Hitting Highs BLS Jobs Report Not What We Wanted The Bureau of…
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Week of November 27, 2023 in Review There was welcome news for consumers as inflation continued to inch lower in October. Plus, tight housing inventory is still hindering contract signings and boosting home values. Here are last week’s headlines: Inflation Inching Lower Pending Home Sales Plunge in October What the Media Misunderstands About New Home Sales Home…
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Week of November 13, 2023 in Review Inflation continued to cool in October, while we saw an uptick in construction despite dampening homebuilder confidence. Plus, the latest Retail Sales and Jobless Claims suggest a slowing economy. Here are last week’s headlines: Easing Consumer Inflation a Welcome Sign Huge Progress in Wholesale Inflation Are “Better Building Conditions” Ahead?…
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