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Market Updates

BLS Jobs Report (April 2024)
BLS Jobs Report (April 2024)

April’s job growth missed estimates, as there were 175K new jobs created versus the 243K that were...

Bid Over Asking Price
Bid Over Asking Price

Nationwide, the typical home sold received 2-3 offers this year. Although it can feel uncomfortable to put in...

Personal Consumption Expenditures (March 2024)
Personal Consumption Expenditures (March 2024)

Progress toward the Fed’s 2% inflation target continues to stall, as the Fed’s favored measure,...

Existing Home Sales (March 2024)
Existing Home Sales (March 2024)

After hitting their highest level in a year in February, sales of existing homes slipped 4.3% in March....

Consumer Price Index (March 2024)
Consumer Price Index (March 2024)

Inflation was hotter than expected in March, continuing a trend we’ve seen in recent months, as rising...

BLS Jobs Report (March 2024)
BLS Jobs Report (March 2024)

March’s job growth roared in above forecasts, as the BLS reported that 303K new jobs were created....

Personal Consumption Expenditures (February 2024)
Personal Consumption Expenditures (February 2024)

Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to...

What’s Your “Blended” Rate?
What’s Your “Blended” Rate?

Feeling “locked-in” by your low existing mortgage rate? If you’re carrying large, higher...

Home Builder Sentiment (March 2024)
Home Builder Sentiment (March 2024)

Home builder confidence broke above the key breakeven threshold of 50 and into positive territory for the...

BLS Jobs Report (February 2024)
BLS Jobs Report (February 2024)

February job growth came in above forecasts, with 275K jobs created per the BLS. However, revisions to the...

New Home Sales (January 2024)
New Home Sales (January 2024)

Signed contracts on new homes rose for the second straight month in January, up 1.5% from December and 1.8%...

Change in Home Value After 10 Years
Change in Home Value After 10 Years

Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except...

Pending Home Sales (December 2023)
Pending Home Sales (December 2023)

Pending Home Sales (signed contracts on existing homes) surged 8.3% from November to December, due in large...

Home Builder Sentiment (January 2024)
Home Builder Sentiment (January 2024)

Home builder confidence has surged due in large part to falling interest rates that have brought buyers back...

Consumer Price Index (December 2023)
Consumer Price Index (December 2023)

Inflation was hotter than expected last month, due in large part to rising shelter costs. However, annual Core...

MBS Highway Housing Index (January 2024)
MBS Highway Housing Index (January 2024)

The MBS Highway National Housing Index jumped to 42 in January 2024, from 34 in December 2023. This was the...

Fed’s “Dot Plot” Shows Cuts Ahead
Fed’s “Dot Plot” Shows Cuts Ahead

The Fed kept rates on hold for the 3rd-straight meeting. No surprise there. But its “dot plot” of...

BLS Jobs Report Not What We Wanted
BLS Jobs Report Not What We Wanted

The Bureau of Labor Statistics (BLS) reported that there were 199,000 jobs created in November versus the...

2024 California Loan Limits: What’s New?
2024 California Loan Limits: What’s New?

The Federal Housing Finance Agency (FHFA) has published annual conforming loan limit values for 2024. The...

Home Price Appreciation – (November 30, 2023)
Home Price Appreciation – (November 30, 2023)

Home prices continue to hit record highs in many of the major indices, and they’re now on pace to...

New Home Construction (October 2023)
New Home Construction (October 2023)

Housing Starts rose for the second straight month in October, beating expectations and suggesting that the...

Home Price Appreciation
Home Price Appreciation

Home prices continue to hit record highs in many of the major indices, and they’re now on pace to deliver...

Personal Consumption Expenditures (September 2023)
Personal Consumption Expenditures (September 2023)

The Fed’s favored inflation measure, annual Core PCE, fell to 3.7% for the 12 months ending in September....

Existing Home Sales (September 2023)
Existing Home Sales (September 2023)

Sales of existing homes hit a 13-year low in September as low inventory and elevated mortgage rates remain...

Tuesday Market Update – September 19, 2023
Tuesday Market Update – September 19, 2023

Interest Rate Update: Mortgage rates are down slightly and trading in a mostly sideways pattern as we head...