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MarketMinute |

Dec 19

9:23

AM

Category | Markets in a Minute

Housing News

MarketMinute | What can't the Fed rate cut do?

Dec 12

8:42

AM

Category | Markets in a Minute

Jobless claims rose last week by the most since the onset of the pandemic, underscoring volatility in the labor market this time of year.

The Fed cut its policy rate this week, its third cut of the year, even as many officials signaled they didn't support the move.

Job openings rose slightly in October, but weak hiring and the lowest quits rate in five years highlight economic uncertainty.

Housing News

Fed Chair Powell said Fed actions won’t solve housing market struggles, including the supply shortage or the freeze caused by low-rate mortgages.

Active listings in November were nearly 13% higher year over year, but new listings were up just 1.7%, according to Realtor.com.

Purchase mortgage applications dropped 2% for the week but were 19% higher than the same week one year ago.

MarketMinute | Home price growth continues a 9-year streak

Dec 5

3:48

AM

Category | Markets in a Minute

New jobless claims fell last week to the lowest in more than 3 years. Holiday hiring can make weekly claims data more volatile.

Mortgage rates edged up last week as optimism grew that the Fed would lower policy rates in December to support the job market.

Private payroll data showed companies cut 32,000 workers in November. Small businesses led the pullback.

Housing News

Applications for a purchase mortgage rose 3% for the week and were 17% higher than the same week one year ago.

The FHFA Home Price Index posted 2.2% annual growth in Q3, marking continued yearly appreciation in quarterly reports since 2012.

The national median rent for apartments fell 1% to $1,367 in November, while vacancies hit a record high.

MarketMinute | Home prices continue their rise while inventory shrinks

Nov 21

3:08

AM

Category | Markets in a Minute

September jobs data, released almost 7 weeks late, showed stronger than expected job creation, marking the biggest jump since April.

The unemployment rate grew to 4.4%, the highest level since October 2021. The increase was driven by an expansion in the labor force.

October's Fed meeting minutes revealed a divide among officials on rate cuts and whether inflation or the labor market poses the bigger threat.

Housing News

Existing home sales in October were 1.7% higher than a year ago, though homes are staying on the market longer at an average of 34 days.

After making gains earlier this year, the inventory of homes for sale has fallen to a 4.4-month supply, or 1.52 million units.

The median sales price of a home sold in October was $415,200, or 2.1% higher than a year ago. It was the 28th consecutive month of annual gains.

MarketMinute | Will 50-year mortgages become a thing?

Nov 14

4:34

AM

Category | Markets in a Minute

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.