Last week's economic reporting included readings on inflation, core inflation and the Post-meeting statement of the Fed's Federal Open Market Committee. Fed Chair Janet Yellen also gave a press conference; weekly readings on mortgage rates and new jobless claims were also released. Inflation Rises in November U.S. inflation rose by 0.30 percent to 0.40 percent in November; October's reading was 0.10 percent and November's reading met analysts' expectations. Core Consumer Price Index readings for … [Read more...]

Last week's economic reports included readings on projected top housing markets for 2018, weekly readings on mortgage rates and new jobless claims. Labor sector readings on private-sector job growth, private and public-sector job growth and the national unemployment rate were released. Projected top housing markets in 2018 were also released. Realtors Release Projections for Top Housing Markets in 2018 Prospective homebuyers and retirees facing home affordability issues in metro areas such as … [Read more...]

Last week's economic releases included readings on new and pending home sales, Case-Shiller index readings for September, and construction spending. Weekly readings on new jobless claims and mortgage rates were also released. Home Price Growth Driven by Shortage of Homes for Sale Case-Shiller Home Price Indices reported 6.20 percent growth in home prices year-over-year in September as compared to August's reading of 6.00 percent year-over-year growth for August. September's reading was the … [Read more...]

Last week's economic reports included readings on pre-owned home sales, weekly reports on mortgage rates and new jobless claims and consumer sentiment. The weekly news cycle was shorter due to the Thanksgiving holidays on Thursday and Friday. Sales of Previously-Owned Homes Jump in October Sales of previously owned homes grew by 1.20 percent in October as compared to September's reading of 0.10 percent growth month-to-month and indicated a seasonally adjusted annual rate of 5.48 million sales. … [Read more...]