According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the ending June 23, 2023, […]
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U.S. Median Asking Rent Decline for the First Time Since 2019
Realtor.com reported in the release of their May 2023 Rent Report, that the U.S. rental markets suffered its first year-over-year […]
U.S. New Residential Single-Family Home Sales Up Month-Over-Month & Year-Over-Year in May 2023
The U.S. Census Bureau and the Dept. of Housing and Urban Development jointly announced on Tuesday (6-27-23) that new residential […]
S&P CoreLogic Case-Shiller Reports U.S. Home Price Index Posted Gains in April 2023
On Tuesday (6-27-2023), the latest results from the S&P CoreLogic Case-Shiller Indices for April were released and showed month-over-month price […]
FHFA Reports House Price Index Increased Month-Over-Month & Year-Over-Year in April 2023
The Federal Housing Finance Agency (FHFA) reported today (6-27-23), its House Price Index (FHFA HPI®) for April 2023. According to […]
Canadian Consumer Price Index Continued its Upward Trek in May 2023
Statistics Canada (StatsCan) reported today (6-27-23), that the Consumer Price Index (CPI) in Canada rose 3.4% year-over-year in May, following […]
The Conference Board’s Consumer Confidence Index Noticeably Improves in June 2023
The Conference Board, a non-partisan, not-for-profit think tank, founded in 1916, released today (6-27-23), its Consumer Confidence Index® (CCI) for […]
Associated Builders and Contractors Construction Backlog Indicator Holds Steady in May
The Associated Builders and Contractors’ Construction Backlog Indicator remained unchanged month-over-month at 8.9 months in May. Year-over-year, the reading was 0.1 months lower.
Fannie Mae’s Economic and Strategic Research Group’s June Economic Commentary: Recession Likely
Recent months of mixed macroeconomic information has painted a jumbled picture of conditions; however, the Group continues to believe a recession is the most likely outcome of the rapid tightening of monetary policy and the late stages of business cycle dynamics.
Zillow Explores the US Housing Affordability Crisis and the Millions of “Missing” Households
Zillow reported in a new market analysis that a substantial shortage of affordable housing options is fueling an affordability crisis in the US. Zillow notes that in particular those looking to move out on their own for the first time are being significantly impacted.