by | Sep 29, 2023 | Economy, Industry News, Latest News, National, News, Premier |
While still ticking upward, the PCE index—the Federal Reserve’s preferred measure of price increases—rose less than expected today, fueling optimism that there won’t be another resurgence in inflation. Additionally, the report showed that consumer spending rose...
by | Sep 28, 2023 | Economy, Industry News, Latest News, National, News, Premier |
If Congress is unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government by September 30, 2023, the result will be a partial shutdown of some government operations of interest to the real estate industry. A summary of the impact...
by Beth McGuire | Sep 27, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The increase in mortgage applications last week was short-lived, as purchase applications fell this week, down 1.3% from one week earlier when we saw a temporary increase of 5.4%. This is according to the latest Weekly Mortgage Applications Survey from the Mortgage...
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...