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MarketMinute | What's most surprising to new homeowners?
Jun 14
4:05
AM
Category |
Markets in a Minute
Wholesale inflation unexpectedly declined the most in 7 months, adding to evidence that inflationary pressures are moderating.
Inflation cooled more than expected in May, dropping for the second straight month. Prices were flat for the first time since July 2022.
The Fed left its policy rate unchanged at this month's Fed meeting and signaled it may cut rates 1 or 2 times by the end of the year.
Anji.com found 19% of owners were most surprised by the cost of improvements during the first 6 months in their new home.
Total mortgage applications surged nearly 16% for the week, with purchase apps rising 9%.
In Fannie Mae's May survey, 86% of consumers believed now is a bad time to buy a home, while 64% said now is a good time to sell.
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