US house prices rose 0.4% in August and 2.3% year-over-year, with gains led by the Middle Atlantic division, FHFA reported.
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US Median Monthly Housing Payment Posts Largest Decline in Nearly a Year
The median US monthly housing payment fell 1.4% to $2,530, the largest drop since November 2024, as mortgage rates eased, Redfin reported.
Canadian Payroll Employment Little Changed in August
Payroll employment was little changed in August, rising by 3,300 positions, while job vacancies fell to their lowest level since 2017.
Federal Reserve Cuts Key Interest Rate by 0.25%
The Federal Reserve lowered its key rate by 0.25 percentage point to 3.75–4.00%.
US Pending Home Sales Hold Steady in September
Pending home sales were unchanged month-over-month but up 3.8% year-over-year in September, NAR reported.
Bank of Canada Cuts Key Interest Rate to 2.25%
The bank lowered its key rate by 25 basis points to 2.25%, warning that US tariffs are reshaping Canada’s economy and limiting growth, CBC reported.
US Mortgage Applications Rise in the Week Ending October 24
Mortgage loan application volume rose 7.1%, with refinance activity up 9.0% and purchase applications increasing 5.0%, MBA reported.
S&P Cotality Case-Shiller Index Reports 1.5% Annual Gain in US Home Prices in August
US home prices rose 1.5% year-over-year in August, down slightly from a 1.6% gain in July.
US Government Shutdown Weighs on Housing Market and Buyer Confidence
Real Estate News reported that the extended federal shutdown is slowing real estate activity and making buyers more cautious.
US Consumer Confidence Index Declines Slightly in October
The Conference Board Consumer Confidence Index declined to 94.6 in October, down from a revised 95.6 in September, as expectations weakened while current views improved.