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For the third straight meeting in 2024, the Federal Reserve Open Market Committee (FOMC) elected to hold rates steady.

The cost of shelter is continuing to drive consumer inflation. The shelter index accounted for over two-thirds of the annual increase in the Consumer Price Index (CPI), according to the U.S. Bureau of Labor Statistics (BLS).

The U.S. real estate market is not for the timid. Another period of heart-stopping inflation, soaring mortgage rates, uncontrollably rising prices, and widespread worry about homeownership followed the unanticipated rollercoaster that was the pandemic.

Home sales aligned with expectations in October. While sales were cooler than September, the rate of sales was well above levels a year ago, according to the October New Home Market Update report from Zonda.

Mortgage applications for new-home purchases increased 39.7% compared with a year ago, according to the October data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). Compared with September, applications increased by 6%.

Consumer prices remained unchanged in October on a seasonally adjusted basis, after increasing 0.4% in September, according to the U.S. Bureau of Labor Statistics (BLS). Over the last 12 months, inflation has increased 3.2%, according to the Consumer Price Index (CPI).

Frustration toward housing affordability and inflation concerns continued to weigh down consumer sentiment in October.

Amid a backdrop of a growing economy and softening inflation, the Federal Reserve Open Market Committee elected to keep rates steady. The decision was the second consecutive meeting where the Fed elected to pause on rate hikes, following 11 rate hikes since March 2022.

New data from the National Housing Conference (NHC), a broad coalition of affordable housing stakeholders, has found that the nation’s housing affordability crisis continues to escalate.

A quarter of all baby boomers plan to move to a new city to be closer to their grandchildren, according to research from Livabl.com, the country’s premiere site for new home listings.

Economists share projections for a potential soft landing, an economic recession, and what both scenarios could mean for the housing market.

Higher interest rates, inflation, and increasing insurance costs impact all sectors of the Baton Rouge, Louisiana, real estate market, but local experts are still quite optimistic….

Discussing home insurance doesn’t rank with the most exciting moments of purchasing a house, but it’s one of the most important purchases a buyer will make.

Despite cooling interest rates, activity in the existing-home market remains constrained by low-rate homeowners reluctant to list their homes.

The Zonda chief economist outlines four factors contributing to the ‘fairly significant’ labor shortage in the U.S.

The Consumer Price Index recorded its smallest year-over-year increase in nearly two years and grew just 0.1% month over month in March.