Weekly Economic Review: Existing Home Sales Drop, New Home Sales Jump

Posted by Laine Smith on 3/24/17 8:00 AM

In this week’s economic review, mortgage rates softened, existing home inventory improved and new home sales climbed, mostly due to softened pricing.

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Weekly Economic Review: Fed Moves on Interest Rates, Mortgage Rates Continue to Climb

Posted by Laine Smith on 3/18/17 8:00 AM

In this week’s economic view, the Fed made moves on hiking interest rates for the second time in three months, home builders grew even more confident in the new home market, and job openings were in line with their 2-year trend. Mortgage rates continued their climb.

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Weekly Economic Review: February Job Growth Thrives, Mortgage Rates Increase

Posted by Laine Smith on 3/10/17 9:57 AM

In this week’s economic review, mortgage rates increased, consumer spending jumped in February, and booming job growth boosted the likelihood of Fed rate hike in March.

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Weekly Economic Review: Pending Home Sales Disappoint, Consumer Confidence at Post-Election High

Posted by Laine Smith on 3/3/17 10:00 AM

In this week’s economic review, mortgage rates declined while the pending home sales index offset the outlook for future existing home sales. Reports released this week also highlighted consumer confidence, as well as confidence in the job market.

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Weekly Economic Review: January Home Sales Hit a Stride Despite Limited Inventory

Posted by Laine Smith on 2/24/17 9:43 AM

In this week’s economic review, new and existing home sales saw opposite results heading into 2017 while home prices in both indexes saw losses. The Fed released minutes from their most recent meeting, which suggested the likelihood of another interest rate hike.

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Weekly Economic Review: Consumer Prices Hit Largest Gain in 4 Years, Home Builder Confidence Falls

Posted by Laine Smith on 2/17/17 9:14 AM

In this week’s economic review, January’s consumer prices hit a stride, retail sales increased and home builder confidence slipped. Mortgage rates eased slightly.

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Weekly Economic Review: Job Openings Decrease, Consumer Confidence Remains High

Posted by Laine Smith on 2/10/17 11:07 AM

In this week’s economic review, the gap between job openings and hiring narrowed slightly and consumer sentiment and spending eased. Mortgage rates fell minimally while the refinancing share of mortgage activity fell to a 7-year low.

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Weekly Economic Review: Pending Home Sales, Home Prices & Job Growth See Gains

Posted by Laine Smith on 2/3/17 9:44 AM

In this week’s economic review, reports featured strength in pending home sales, home prices, consumer confidence, and job growth, as well as the Fed’s as-expected decision to leave rates unchanged.

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Weekly Economic Review: Existing Home Inventory Drops to 17-Year Low

Posted by Laine Smith on 1/27/17 12:08 PM

This week’s economic review includes existing home and new home sales data, which dropped in December, limited home inventory, rising mortgage rates and home price data.

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Weekly Economic Review: Mortgage Rates Drop Again, Home Builders Confident Heading Into New Year

Posted by Laine Smith on 1/20/17 10:17 AM

This week’s biggest economic news stories centered on dropping mortgage rates, housing market confidence and the consumer price index.

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