Real Estate News Feed
Personal Income Increased in August
Fri, 26 Sep 2025 15:25:55 GMT
Personal income increased $95.7 billion (0.4 percent at a monthly rate) in August, according to estimates released today by the U.S. Bureau of Economic Analysis.
Consumer Spending Powers Ahead
Fri, 26 Sep 2025 15:25:14 GMT
U.S. consumer spending increased slightly more than expected in August as households went on vacation and dined out, keeping the economy on solid ground as the third quarter progressed, while inflation continued to steadily pick up.
Mortgage Rates Inch Up
Thu, 25 Sep 2025 16:18:00 GMT
Mortgage rates inched up after several weeks of decline. The 30-year FRM rose to 6.30% and the 15-year is now up to 5.49%. A year ago at this time, the 30-year FRM averaged 6.08%.
Existing-Home Sales Slip
Thu, 25 Sep 2025 15:30:43 GMT
Existing-home sales remained essentially the same in August, ticking down by 0.2% from July, according to NAR. "Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory," said NAR Chief Economist Lawrence Yun.
New Home Sales Jump
Thu, 25 Sep 2025 15:28:25 GMT
A modest drop in mortgage rates led to a surprisingly large jump in new home sales in August that could be revised lower next month.
Home Affordability Improves
Thu, 25 Sep 2025 15:26:58 GMT
Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,100 from $2,127 in August, according to the Mortgage Bankers Associatio