Existing-home sales in Canada fell 2.3% in September as new listings declined 1.8% and the sales-to-new listings ratio eased to 48.8%, CREA reported.
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US Home Sellers Outnumber Buyers by Widest Margin in at Least 13 Years
Redfin reported that home sellers outnumbered buyers by 62.6% in September, the widest margin in records dating to 2013 and the fourth consecutive record month.
US 30-Year Fixed Mortgage Rate Holds Steady in the Week Ending October 15
The 30-year fixed-rate mortgage averaged 7.40%, unchanged from the previous week, Freddie Mac reported.
US Producer Price Index for Final Demand Increases 1.3% in September
US producer prices rose 1.3% in September. Year-over-year, prices increased 6.3%—the largest annual increase since December 2022.
US Weekly Initial Jobless Claims Trend Higher in the Week Ending October 10
The advance figure for seasonally adjusted initial unemployment claims was 199,000, an increase of 1,000 from the previous week.
Value of Canadian Building Permits Rises 8.8% in August
The total value of Canadian building permits rose 8.8% to CA$13.6 billion in August, led by residential construction.
US Mortgage Applications Fall for Sixth Consecutive Week
Mortgage loan application volume decreased 2.7% on a seasonally adjusted basis from one week earlier, marking the sixth consecutive weekly decline, MBA reported.
US Consumer Price Index Rises 3.7% Year-Over-Year in September
The Consumer Price Index for All Urban Consumers rose 0.6% in September on a seasonally adjusted basis and 3.7% year-over-year.
US Pending Home Sales Fall 4.0% in September, Nearing 12-Year Low
US pending home sales fell 4.0% in September, the largest monthly decline in more than three years, dropping to a near 12-year low, according to Redfin.
US Existing-Home Sales Rise in September
US existing-home sales rose 1.5% in September but were down 2.2% year-over-year, NAR reported.