by | Sep 27, 2023 | Consumer, Economy, Industry News, Latest News, National, News |
Consumer confidence fell for the second month in a row, from 108.7 in August to 103 in September, according to the latest data from The Conference Board. “Consumer confidence fell again in September 2023, marking two consecutive months of decline,” said Dana...
by | Sep 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The Leading Economic Index (LEI) fell 0.4% in August to 105.4, continuing the recent downward trend, according to the latest release from The Conference Board. August’s LEI is down 3.8% over the six-month period between February and August 2023—little changed from its...
by | Sep 20, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving the federal funds rate as is even as the economy—and specifically, a very vulnerable housing market—shows signs of weakness. But the central bank...
by | Sep 15, 2023 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumer sentiment fell 2.6% in September, according to data from the University of Michigan. “Sentiment this month was characterized by divergent movements across index components and across demographic groups with little net change from last month,” said Joanne Hsu,...
by Beth McGuire | Sep 14, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 7.18% this week, back to where it was two weeks ago after a dip to 7.12% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: 30-year...
by | Sep 14, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Above: Bright MLS Chief Economist Dr. Lisa Sturtevant. Photo by AJ Canaria. In 1992, pundit James Carville coined the phrase “It’s the economy, stupid!” As a soundbite, it was meant to illustrate that in politics, a good (or bad) economy is all that matters, urging...