The National Association of Realtors Pending Homes Sales Index declined 4.9% month-over-month to a reading of 74.3.
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Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in January
Personal income increased 1.0% month-over-month in January; disposable personal income increased 0.3%; and personal consumption expenditures increased 0.2%.
30-Year Fixed-Rate Mortgages Rise in the Week Ending February 29th—Fourth Consecutive Increase
The 30-year fixed-rate mortgage averaged 6.94%, up from last week when it averaged 6.90%, Freddie Mac reported.
US Weekly Jobless Claims Climb in the Week Ending February 24th
The advance figure for seasonally adjusted initial unemployment claims was 215,000 during the week ending February 24th, an increase of 13,000 from the previous week.
Mortgage Applications Decline in the Week Ending February 23rd, as Interest Rates Climb Above 7%
Mortgage loan application volume decreased 5.6% on a seasonally adjusted basis from one week earlier, the MBA reported.
US Housing Market Gained $2.4 Trillion in Value Year-Over-Year in December
As of December 2023, the US housing market gained $2.4 trillion in value over the last year, bringing its total value to $47.5 trillion, Redfin reported.
US Real GDP Increases at an Annual Rate of 3.2% in 2023Q4, BEA Reports in Its “Second” Estimate
US real GDP increased at an annual rate of 3.2% in Q4, following an increase of 4.9% in Q3.
FHFA House Price Index Increases Month-Over-Month and Year-Over-Year in December
The Federal Housing Finance Agency House Price Index® increased 0.1% month-over-month in December (seasonally adjusted).
S&P CoreLogic Case-Shiller US National Home Price Index Rises 5.5% Year-Over-Year in December
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported an annual gain of 5.5% in December, up from 5.1% in November.
The Conference Board’s US Consumer Confidence Index Moves Lower in February
The Conference Board Consumer Confidence Index® declined to a reading of 106.7 in February, down from January’s revised reading of 110.9.