This Week’s Highlights
The Federal Reserve's preferred inflation measure and a handful of major earnings reports will take the spotlight this week. Keep an eye out for the following: Monday, November 27th Zscaler:…
U.S. Pending Home Sales See Significant Increase
Pending home sales in the United States experienced a notable surge in December as mortgage rates fell, attracting buyers back into the market. According to the monthly index released by…
Shelter Inflation Challenges for Consumers and the Federal Reserve
The issue of shelter inflation remains a significant concern for both consumers and the Federal Reserve. The recent resurgence in the housing market has the potential to exacerbate this problem,…
Mortgage Rates and Home-Buying Demand
Mortgage rates remained relatively stable this week, but the demand for home-buying experienced a significant decline due to high borrowing costs. Decrease in Mortgage Applications In mid-July, the 30-year mortgage…
Employment Data Points to Increasing Demand for New Housing
Friday's employment data suggests that there is a growing demand for new housing, particularly as potential sellers with low mortgage rates choose to stay put. According to the Bureau of…
D.R. Horton Q3 Sales and Earnings Expected to Decline
By Will Feuer D.R. Horton, the Arlington, Tex.-based homebuilder, is anticipated to announce a decline in sales and earnings for the fiscal third quarter. The report is set to be…
Home-Builder Sector Faces Selloff Amid Mortgage Rate Concerns
The home-builder sector experienced a significant selloff on Thursday due to a jump in Treasury yields following strong jobs data. This surge in yields raised concerns that higher mortgage rates…