Real Estate News Feed
Housing Inventory Grows
Mon, 30 Jun 2025 14:59:23 GMT
As of June 27th, the inventory of homes available for sale has grown to 831 thousand, compared to 829 thousand the prior week.
Construction Employment Rose
Mon, 30 Jun 2025 14:58:38 GMT
Seasonally adjusted construction employment rose from May 2024 to May 2025 in 33 states and the District of Columbia, declined in 16 states and was flat in Connecticut, according to AGC's analysis of Bureau of Labor Statistics data.
Inflation Higher Than Expected
Fri, 27 Jun 2025 14:51:06 GMT
"Core" PCE inflation rose 2.7% over the year in May, higher than the 2.6% anticipated by forecasters. The uptick in core PCE inflation is especially significant because it's Federal Reserve officials' preferred inflation benchmark.
Consumer Sentiment Up
Fri, 27 Jun 2025 14:50:04 GMT
Consumer sentiment surged 16% from May in its first increase in six months but remains well below the post-election bounce seen in December 2024, according to final results from the University of Michigan Survey of Consumers.
Mortgage Rates Decrease
Thu, 26 Jun 2025 16:23:13 GMT
Freddie Mac reports the 30-year FRM averaged 6.77% as of June 26, 2025, down from last week when it averaged 6.81%. A year ago at this time, the 30-year FRM averaged 6.86%.
Pending Home Sales Rise
Thu, 26 Jun 2025 15:08:05 GMT
Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year, according to NAR. All four U.S. regions experienced month-over-month increases – most notably the West.