Inflation, Fed Outlook Lift Rates
Mortgage rates rose this week, but steady inflation data suggests a more stable outlook. Buyers may benefit from clearer signals in the months ahead.
Builder Confidence Edges Up in July
Builders remained cautious as elevated interest rates and affordability challenges continued in July. Buyer traffic fell to its lowest level since 2022.
Single-Family Starts Weaken in June
Single-family starts hit their lowest since July 2024, down 4.6%. Overall starts rose 4.6% thanks to a 30% surge in multifamily building.
Consumer Sentiment Inches Up
Consumer sentiment rose slightly to its highest point in five months. Despite easing inflation expectations, economic concerns remain elevated.
NAR Lauds Passage of VA Home Loan Reform Act
The bill that makes permanent the VA’s temporary policy letting veterans pay their real estate agents directly is headed to the president’s desk.