Real Estate News Feed
Inflation Growth Slows
Fri, 26 Jul 2024 14:52:15 GMT
The latest reading of the Fed's preferred inflation gauge showed prices increased slightly more than expected in June. Personal Consumption Expenditures (PCE) index rose 2.6% over the prior year in June.
Consumer Sentiment Fades In July
Fri, 26 Jul 2024 14:51:40 GMT
Consumer sentiment declined 2.6% in July to 66.4, according to final results from the University of Michigan Survey of Consumers.
Luxury Home Prices Spike
Fri, 26 Jul 2024 14:51:00 GMT
Luxury home prices rose 8.8% year over year in the second quarter, more than twice as fast as non-luxury homes.
Mortgage Rates Show Little Movement
Thu, 25 Jul 2024 16:11:00 GMT
Freddie Mac reports the 30-year FRM averaged 6.78 percent as of July 25, 2024, up slightly from last week when it averaged 6.77 percent. A year ago at this time, the 30-year FRM averaged 6.81 percent.
Weekly Jobless Claims Drop
Thu, 25 Jul 2024 15:44:03 GMT
The number of Americans filing new applications for unemployment benefits fell more than expected last week as distortions from the weather and temporary automobile plant closures faded.
Slight Gain In Q2 GDP
Thu, 25 Jul 2024 15:43:27 GMT
Real gross domestic product increased at an annual rate of 2.8% in Q2 2024, up from 1.4% increase in Q1. The increase in GDP reflects increases in consumer spending, private inventory investment, and nonresidential fixed investment.