Instant Reaction: Jobs, November 3, 2023

The Federal Reserve will be pivoting from raising interest rates to current neutral to eventually cutting interest rates next year. The job market has slowed measurably. The latest monthly job gains of 150,000 in October are one of the weakest in the past three years. The unemployment rate rose to 3

Instant Reaction: Mortgage Rates, November 2, 2023

Aspiring home buyers received two semi-encouraging news items this week: the Fed kept the federal funds rate flat yesterday, and the 30-year fixed mortgage interest rate remained nearly unchanged from last week. While both are higher than in recent years and impact the housing market, this could be

Pending Home Sales Rise Modestly in September 2023

NAR released a summary of pending home sales data showing that September's pending home sales pace increased 1.1% from last month but fell 11% from a year ago. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-pending-home-sales-index-sep