Pending Home Sales were a Miss, but Expected to Improve in 2024
30 Second Market Update
January 08, 2024
The National Association of Realtors revealed that Pending Home Sales or signed contracts for the month of November were unchanged at 71.6 from October. This forward-looking gauge or index stayed […]
A Lot to Look Forward to in 2024
30 Second Market Update
January 01, 2024
As we start a new year, we have a lot to look forward to. We have inflation trending lower via the PCE, CPI, and PPI indexes, a Federal Reserve that […]
Optimistic Housing Report Shows The Market is Picking Up
30 Second Market Update
December 25, 2023
The National Association of Realtors released its Existing Home Sales report for the month of November, and it showed that sales rose 0.8%. This ended a five-month streak of monthly […]
The Fed Changing It’s Tune
30 Second Market Update
December 18, 2023
After the Federal Reserve meeting last week, we saw interest rates improve another leg lower. The Fed mentioned that it would not hike the federal reserve rate and kept rates […]
Jobs Report Breakdown
30 Second Market Update
December 11, 2023
At the beginning of every month, the Bureau of Labor Statistics (BLS) releases its Employment Situation or Jobs Report, The Establishment Survey, and the Household Survey. The Establishment Survey is […]
Home Price Appreciation Continuing to Stay Strong
30 Second Market Update
December 04, 2023
The latest home appreciation reports were recently released, and they both showed home price appreciation is continuing. The September Case Shiller Home Price Index, which is seen as the most […]
Cooling Inflation Bodes Well for Mortgage Rates Going Forward
30 Second Market Update
November 27, 2023
The Bureau of Labor Statistics (BLS) released its inflation data, and it showed that the October Consumer Price Index (CPI) was flat for the month, but one-tenth lower than estimates […]
Mortgage Applications Reach Five-Week High
30 Second Market Update
November 20, 2023
According to The Mortgage Bankers Association (MBA), mortgage applications increased last week as mortgage interest rates continued to fall from their highest level in 23 years. The MBA said its […]
Mortgage Rate Improvement
30 Second Market Update
November 13, 2023
Over the last few weeks, we have seen interest rates decline slightly. What has been the catalyst to help rates improve? Let’s take a quick look. Interest rates are heavily […]
Homes Continue To Appreciate
30 Second Market Update
November 06, 2023
The Case Shiller Home Price Index, which is seen as the most accurate gauge of home appreciation, showed that home prices rose 0.9% for the month of August. This index […]
Inflation and Interest Rates
30 Second Market Update
October 30, 2023
The Bureau of Economic Analysis released its Inflation report on Friday called Personal Consumption Expenditures or PCE. This is also the Federal Reserve’s favorite report when it comes to measuring […]
Tight Inventory Hurts Sales
30 Second Market Update
October 23, 2023
The National Association of Realtors released their Existing Home Sales report for the month of September, and it showed that Existing Home Sales, which measures closings on existing homes, fell […]
