Mortgage Demand Surges Higher After Interest Rates Drop
30 Second Market Update
March 10, 2025
A recent drop in mortgage interest rates has spurred a surge in loan demand, both from current homeowners and potential buyers. Mortgage application volume rose in the last week of […]
Real Estate Continues to Heat Up
30 Second Market Update
March 03, 2025
The Case-Shiller Home Price Index, known as the top measure for home appreciation, showed that home prices went up by 0.5% in December after adjusting for seasonal trends. The unadjusted […]
Time To Buy
30 Second Market Update
February 24, 2025
U.S. home prices rose 0.6% in the month of January from the previously reported number and slightly faster than the 0.5% growth seen in the prior three months. Year over […]
A Record Percent of Buyers are Planning to Move in 2025
30 Second Market Update
February 17, 2025
A recent NerdWallet survey shows a record-high 15% of people plan to buy a home this year, up from 9-11% in previous years. This signals pent-up demand returning to the […]
Consumers Might Finally Be Accepting the Higher Mortgage Rate Environment
30 Second Market Update
February 10, 2025
Consumers are becoming less optimistic about mortgage rates decreasing, as Fannie Mae’s latest survey shows a significant drop in those expecting rates to fall—from 45% in November to 35% in […]
Personal Consumption Expenditures (PCE) Index for December
30 Second Market Update
February 03, 2025
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Index, showed a 0.3% monthly rise in December, with annual inflation increasing from 2.4% to 2.6%, aligning with expectations. […]
Consumers Sing a Different Tune Than the Latest Jobs Report
30 Second Market Update
January 27, 2025
The latest BLS Jobs Report showed strong job growth and a drop in unemployment from 4.2% to 4.1%. However, consumer surveys tell a different story. The University of Michigan Survey […]
Inflation Moderation Offers Positive Signal For The Fed
30 Second Market Update
January 20, 2025
The December Consumer Price Index (CPI) report showed a continued moderation in inflation, offering a positive signal for the Federal Reserve’s efforts to control inflation. Even though the shelter component […]
Good News For Credit Reporting
30 Second Market Update
January 13, 2025
On January 7th, the Consumer Financial Protection Bureau (CFPB) finalized a new rule that will erase $49 billion in medical debt from the credit reports of around 15 million Americans. […]
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 […]
