Real Estate News Feed
Personal Income Increased in July
Fri, 29 Aug 2025 15:45:11 GMT
Personal income increased $112.3 billion (0.4 percent at a monthly rate) in July, according to estimates released today by the U.S. Bureau of Economic Analysis.
Consumer Sentiment Declined in August
Fri, 29 Aug 2025 15:44:38 GMT
Consumer sentiment declined 5.7% to 58.2 in August, according to final results from the University of Michigan Survey of Consumers. This represents a 14.3% decline year over year.
Inflation Remains Elevated
Fri, 29 Aug 2025 15:43:59 GMT
Core PCE (Personal Consumption Expenditures Price Index, excluding food and energy) rising 2.9% year-over-year means inflation is running just under the Federal Reserve's long-run target of 2%, but still elevated compared to that goal.
Mortgage Rates Tick Down
Thu, 28 Aug 2025 17:07:42 GMT
Freddie Mac reports the 30-year FRM dropped slightly to 6.56% as of August 28, 2025, down from last week when it averaged 6.58%. A year ago at this time, the 30-year FRM averaged 6.35%.
Pending Home Sales Slip
Thu, 28 Aug 2025 14:54:58 GMT
Pending home sales decreased by 0.4% in July from the prior month but rose 0.7% year-over-year, according to the National Association of Realtors.
Slight Drop In Jobless Claims
Thu, 28 Aug 2025 14:54:00 GMT
Initial claims for unemployment dropped by 5,000 to a seasonally adjusted 229,000 for the week ended August 23, the Labor Department said on Thursday. Economists had forecast 230,000 claims for the latest week.