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As pending sales and existing home sales showed modest improvement in May, economists say despite mortgage rates remaining around 6.5%, homebuyers seem to be adapting to the current environment. The average 30-year fixed mortgage rate increased 2 basis points to 6.49% from 6.47% last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released…
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The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and Iran war-related disruption. Excluding food and energy (so-called “core inflation”), the headline PCE price index increased by 0.3%, according to the latest report from the Bureau of Economic Analysis. Year-over-year, the PCE price index increased…
The post Fed-Favored Inflation Measure Posts Largest Annual Increase in Three Years appeared first on RISMedia.
Even with continued challenges in the housing market, 75% of Realtors® are “very certain” that they will remain active in real estate for at least two more years, according to the National Association of Realtors®’ (NAR) 2026 Member Profile of its 1,438,569 current members. NAR’s report identified a resilient batch of members, who saw a…
The post NAR Reports Realtors Remain Resilient Through Tides of Change appeared first on RISMedia.
Even with continued challenges in the housing market, 75% of Realtors® are “very certain” that they will remain active in real estate for at least two more years, according to the National Association of Realtors®’ (NAR) 2026 Member Profile of its 1,438,569 current members. NAR’s report identified a resilient batch of members, who saw a…
The post NAR Reports Realtors® Remain Resilient Through Tides of Change appeared first on RISMedia.
For the first time since 2023, more than half of consumers say that buying a home is a better option than renting, per the latest findings from Bank of America, a potentially positive sign for the near-future housing market amid broader economic uncertainty. The bank’s 2026 Homebuyer Insights Report found that 53% of 2,000 respondents…
The post Consumers Say Buying Is Preferable to Renting for First Time in Years appeared first on RISMedia.