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  • President Donald Trump signed legislation to end the longest government shutdown in US history, allowing the return of normal operations.
  • Though the shutdown is over, key economic reports like jobs, inflation, and retail sales will take time to restart as agencies catch up.
  • October's official inflation data release is delayed until December, but economists estimate prices rose 0.2% for the month and 3% year over year.

Housing News

  • About 42% of listings saw price cuts this fall. At the same time, delistings jumped as many sellers withdrew instead of marking down.
  • Despite this week's buzz, 50-year mortgages must overcome significant regulatory and investor hurdles before becoming accessible to consumers.
  • The use of AI in home searches continues to grow. AI-assisted searches can offer efficiency and more personalized recommendations.

Market Minute Report - Mortgage News