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Blog
MarketMinute | A crystal ball into the 2025 market? See what one economist predicts
Nov 15
8:55
AM
Category |
Markets in a Minute
October consumer inflation data was in line with expectations. Housing costs pushed the rate up but showed signs of moderating.
Wholesale inflation also came in as expected for October, keeping the Fed on track to cut the policy rate at its December meeting.
Last week's jobless claims hit the lowest level since May, signaling a still-healthy demand for workers after recent storms and strikes.
Purchase mortgage applications rose 2% for the week and were 1% higher than one year ago.
ICE reports home sale inventory improved for the 8th
month in September, up 24% year over year but down 26% from pre-pandemic levels.
Lawrence Yun, NAR’s chief economist, predicts existing home sales will rise 9% and new home sales will jump by 11% year over year in 2025.
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