Inflation Index Lower Than Expected and Could Be Getting Better in ‘25
30 Second Market Update
December 30, 2024
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Index, showed headline inflation rose 0.128% in November and 2.4% year over year, slightly better than expected. Core PCE, […]
More Sellers Are Listing Their Homes
30 Second Market Update
December 23, 2024
New listings of homes for sale rose 7.6% year over year in the four weeks ending December 15, marking the second-largest annual increase since June. Higher home prices (up 6% […]
Homeowners’ Equity Continues to Increase
30 Second Market Update
December 16, 2024
CoreLogic shared homeowners with mortgages, which make up 62% of all homes, gained $425 billion in equity over the past year, an increase of 2.5%. This brought total home equity […]
The Fed’s Favorite Rate of Inflation and Its Impact on Mortgage Rates
30 Second Market Update
December 09, 2024
The Fed’s preferred inflation measure, PCE, showed headline inflation rose 0.2% in October, pushing the yearly rate from 2.1% to 2.3%, both as expected. Core inflation, which excludes food and […]
Existing Home Sales Stronger Than Estimates
30 Second Market Update
December 02, 2024
Existing Home Sales rose 3.4% in October to a pace of 3.96 million units, beating expectations. This marks a 2.9% increase from last year, the first annual gain in three […]
Homeownership is More Than Just Having a Place to Live
30 Second Market Update
November 25, 2024
Inflation has cooled recently but remains significant when viewed cumulatively, with the Consumer Price Index rising over 20% in the past four years. To safeguard against inflation, investing in assets […]
NAR Chief Economist Lawrence Yun’s 2025 & 2026 Housing Forecasts
30 Second Market Update
November 18, 2024
NAR Chief Economist Lawrence Yun predicts a 9% rise in home sales in 2025 and 13% in 2026, with mortgage rates stabilizing around 6%. Speaking at the 2024 NAR NXT […]
Home Price Update
30 Second Market Update
November 11, 2024
In September, home prices increased by 0.02% according to CoreLogic, slightly below the expected 0.1% rise. Year-over-year, prices are up 3.4%, a bit lower than last month’s 3.9%. CoreLogic predicts […]
Lending Tree Survey Breakdown
30 Second Market Update
November 04, 2024
Lending Tree recently released a homeownership sentiment survey, and it showed that 83% of Americans say that they would rather own a home than rent one. 62% of those who […]
Down Payment Assistance Programs Continue to Grow
30 Second Market Update
October 28, 2024
As the 2024 year comes to a close, states are expanding down payment assistance (DPA) programs for first-time homebuyers. A report from Down Payment Resource (DPR) shows a 1.2% increase […]
Mortgage Rates Have Risen Again, But Will They Stay There?
30 Second Market Update
October 21, 2024
Mortgage rates in the U.S. have slightly risen again, reaching 6.49% on average for a 30-year fixed mortgage on October 16, 2024, after hitting a low of 6.24% in late […]
Pending Home Sales Post Biggest Increase Since 2021
30 Second Market Update
October 14, 2024
U.S. pending home sales increased by 2% in the four weeks ending October 6, 2024, marking the biggest jump in three years. This uptick is driven by declining mortgage rates, […]
