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...
by Beth McGuire | Sep 13, 2023 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications decreased 0.8% from one week earlier, when it decreased 2.9%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending September 8, 2023. This week’s results included an...
by | Sep 13, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
For the second month in a row, inflation is up, as the last Consumer Price Index (CPI) report before the Federal Reserve’s September meeting could drive further rate increases—though exactly when those might happen is extremely uncertain. Overall CPI inflation came in...
by | Sep 11, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Also very notable and potentially worrying: RISMedia’s Broker Confidence Index (BCI) just hit its lowest point of the year, falling to 6.2 in August as leading real estate executives brace for the traditionally slower months, with school back in session and...