According to the latest Personal Consumption Expenditures (PCE) Price Index (one of the economy’s key inflation gauges), prices increased 2.2% in August compared to the prior year. Minus more volatile prices such as food and energy, prices increased 2.7%. Month-over-month, there was only a 0.1% increase in the price index during August. July saw a…
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With a recent interest rate decrease from the Fed and slowing inflation, consumers’ economic hopes saw a significant increase in September. Consumer sentiment rose 3.2% in September, from 67.9 in August to 70.1, according to the University of Michigan’s latest report. This is the second consecutive month of increase, following August’s rise of 1.5 points,…
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Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -A 2021 antitrust case against United Wholesale Mortgage (UWM) has been dismissed by a Florida federal court, as reported by National Mortgage Professional. The case had alleged that UWM and its CEO Mat Ishbia had…
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REALTOR® Safety Month—observed every September—is a month-long campaign aimed at helping real estate professionals stay safe as they navigate situations on a daily basis that could ultimately put their safety at risk—from meeting prospective clients to showing properties in secluded or unfamiliar areas. Underscoring the importance of keeping the conversation front and center year-round, the…
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Affordability has increased across the board in most major metro markets, according to the latest data from Realtor.com®. In its most recent report, Realtor.com showed that nationally, the average rent fell; however, the long-term trend of elevated prices continues to hold fast, as the five-year average showed that rents have increased by 20.1%, according to…
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