Jobless claims fell to 189K last week, the lowest since July, signaling labor market strength as employers avoided layoffs.

Private employers added 86K jobs in October, per ADP. The October BLS report showed job openings at a 4-month high as layoffs declined.

Manufacturing expanded for the 10th straight month in October. Its activity index rose to 55.5, despite persistent inflation and supply pressures.

Even with last week's lower mortgage rates, purchase mortgage applications fell 2% and were down 19% from the same time last year.

The median asking price fell 2.2% to $415K in October, per realtor.com. New listings dropped 7.5% from a year ago, the biggest decline of 2026.

Still, active listings reached the year’s peak at 1.18 million. Homes spent a median of 63 days on the market, up one day from last year.