Home-price growth remained weak in October, with experts pointing to continued inflation and elevated mortgage rates as the cause, according to the latest data. The October S&P Cotality Case-Shiller Home Price Index found that home-price growth posted a 1.4% annual gain, slightly up from a 1.3% rise in the previous month. Nicholas Godec, head of…
As the year ends, how are consumers—such as potential homebuyers—feeling about the market going into 2026? Per the latest findings from the University of Michigan’s monthly Consumer Sentiment report, sentiment was slightly improved in December compared to November, confirming the sentiment trajectory from the University of Michigan’s preliminary report earlier this month. Compared to November…
The Federal Reserve has maintained that a 2% annual inflation rate is its goal. After months of inflation moving back up due to factors such as tariffs, reversing what looked like a slow but steady descent to 2%, the latest Consumer Price Index (CPI) published by the Bureau of Labor Statistics (BLS) saw a reversal…
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Federal Reserve Governor Stephen Miran said Monday that he expects a rapid decline in housing-related inflation despite higher costs for other items. He also suggested interest rate cuts may be warranted even as overall inflation remains above the Fed’s 2% target. In his speech at Columbia University, Miran noted that current shelter inflation readings reflect…
The Personal Consumption Expenditures (PCE) Index, which is the Federal Reserve’s preferred gauge of inflation, rose to 2.8% in September on an annual basis. According to data from the Commerce Department released Dec. 5, core PCE rose 0.2% over the previous month. The report, delayed by the government shutdown, seemingly gives a further green light…
Throughout 2025, consumer sentiment toward the economy has declined noticeably—does the end of the year bring any turnaround? According to a preliminary report on consumer sentiment from the University of Michigan (scheduled ahead of the final December report two weeks out), consumer sentiment improved slightly month-over-month. The closely watched index of consumer sentiment came in…
This year is on track to end with a slower than average housing market, but will 2026 kick real estate into high gear? The 2026 housing forecast from Bright MLS projects another “transition year” for housing, with slight pick-ups in market fundamentals but enduring challenges for first-time buyers, as well as strong differences between regional…
Mortgage rates improved for the second straight week according to new Freddie Mac data, showing a continued lean toward a more affordable market in the fast approaching 2026. The latest Primary Mortgage Market Survey® found that the 30-year fixed rate mortgage (FRM) averaged 6.19%, down from last week when it averaged 6.23%. A year ago…
The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, declined by 6.8 points in November to 88.7 from 95.5 in October, as already negative consumer attitudes toward the economy appear to be souring further. The Present Situation Index—based on consumers’ assessment of…
While the uncertainty of the government shutdown is now more than a week behind us, consumer outlook on the economy has shown little improvement, per the latest index of Consumer Sentiment from the University of Michigan. In the latest index, consumer sentiment was reported at a near record low of 51; for reference, 100 is…
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