Real Estate News Feed
Listings Swell
Thu, 13 Feb 2025 16:18:24 GMT
Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high, according to a report from Redfin.
PPI Up Solidly In January
Thu, 13 Feb 2025 16:17:46 GMT
The producer price index for final demand rose 0.4% last month after an upwardly revised 0.5% gain in December, according to the Bureau of Labor Statistics. This is discouraging news for rate cuts.
Weekly Jobless Claims Decrease
Thu, 13 Feb 2025 16:17:06 GMT
In the week ending February 8, the advance figure for seasonally adjusted unemployment claims was 213,000, down from the previous week's claims of of 220,000.
Consumer Prices Jump In January
Wed, 12 Feb 2025 15:58:00 GMT
The Consumer Price Index (CPI) for All Urban Consumers increased 0.5 percent on a seasonally adjusted basis in January, after rising 0.4 percent in December, the U.S. Bureau of Labor Statistics reported today.
Rate Cut Odds Fading
Wed, 12 Feb 2025 15:57:22 GMT
A hotter-than-expected inflation reading at the start of 2025 makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Fed Chair Jerome Powell and other central bank policymakers.
Mortgage Applications Increase
Wed, 12 Feb 2025 15:56:41 GMT
"Mortgage rates moved slightly lower last week, which led to the pace of refinance applications reaching its strongest week since October 2024," said Joel Kan, MBA's Vice President and Deputy Chief Economist.