Consumers’ view of the U.S. economy has been shaped by the ongoing conflict between the U.S. and Iran, which has boosted inflation in large part due to rising energy prices. The uncertain timeline for an end to the conflict has in turn led to an uncertain economic outlook, including by those at the Federal Reserve.…
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Consumer sentiment experienced a third consecutive month of decline this month, per the University of Michigan’s closely watched survey of consumers. Consumer sentiment went from 49.8 in April to 44.8 in May, a 10% drop. The dramatic decline underscores how severely the Iran conflict, combined with soaring energy prices and trade uncertainty, has eroded American…
Mortgage rates have fluctuated again this week, seeing an increase as inflation rose due to elevated oil, gas and energy prices due to continued geopolitical tensions, according to the latest data from Freddie Mac. Freddie Mac’s Primary Mortgage Market Survey® found that the 30-year fixed-rate mortgage (FRM) had increased from 6.36% last week to 6.51%…
The ongoing conflict between the United States and Iran has caused inflation to increase; energy prices most recently boosted annual inflation to a three-year high of 3.5%. If inflation continues to rise, then the Federal Reserve board expects they will have to hike interest rates as an offset, based on revelations in the latest meeting…
We are now five months into 2026—rapidly approaching the halfway point—and so far the year has thrown some definite curveballs at the real estate industry. This year was widely expected to be a year of stabilization and normalization for the housing market, and Q1 (January-March) is largely the stage-setter for how the rest of the…
Inflation shot up once again in April as energy prices continue to see large jolts both monthly and yearly, according to the latest data from the Bureau of Labor Statistics. Economists warn the country may now be facing an “inflation contagion,” with the path ahead murkier than before. The Consumer Price Index’s (CPI) all items…
The United States added 115,000 jobs in April, according to the Bureau of Labor Statistics, significantly beating analysts’ expectations as employers continue to shrug off high energy costs and geopolitical uncertainty—something buyers and sellers have been less willing to do. With an unemployment rate now at 4.3% and an average 48,000 payrolls added per month…
Editor’s note: Econ Review is a roundup of the month’s housing and economic market data reports. As spring progresses, the industry is awaiting data related to how the season shaped up ahead of another potential boom in activity over the upcoming summer. Here are some highlights from the housing and economic data that hit the…
Since the commencement of the U.S. and Iran war, energy prices have soared, and the latest findings from the Bureau of Economic Analysis’ Personal Consumption Expenditure (PCE) index (the Federal Reserve’s preferred measure of inflation) found that catching up. The PCE price index experienced a large bump in March 2026; after hovering around 2.9% annual…
Nonprofit business research organization The Conference Board released its latest Leading Economic Index (LEI)—which provides an early indication of significant turning points in the business cycle and where the economy is heading—showing a decline of 0.6% in March 2026, more than reversing its 0.3% increase in February. Overall, the LEI fell by 1.0% over the…
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