Economy News Us Housing Starts Fall To Lowest Level Since 2020 In Worrying Sign For The Economy

Survey says Midwest economy fell to lowest level since mid-2020

A monthly survey of bank CEOs in rural areas of Iowa and other Midwest states indicates the region’s economy has dipped to its lowest level since May of 2020. Creighton University economist Ernie Goss ... Read More

Americans staying put: US home turnover rate at lowest level in decades as housing slump drags on

Sales of previously occupied U.S. homes sank last year to their lowest level in nearly 30 years. Sales have been sluggish this year, although they accelerated last month to their fastest pace since ... Read More

Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that’s helped give lagging U.S. home sales a boost. The average long-term ... Read More

Mortgage rates fall to lowest level of 2025

Americans frustrated by high home borrowing rates may have gotten some welcome news this week. The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% ... Read More

US housing market has historic buyer-seller gap—What it means

Sellers in the U.S. housing market currently outnumber buyers by about 500,000, according to the latest Redfin data—the biggest gap on record since the real estate brokerage started collecting data in ... Read More

Housing turnover at a 30-year low shows the US real estate market is still in a deep freeze

Just 28 homes out of every 1,000 in the US changed hands so far this year, the lowest turnover rate the housing market has seen in decades. Read More

US homebuilder sentiment hits 6-month high; economy uncertainty clouds housing outlook

WASHINGTON, Oct 16 (Reuters) - U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that declining mortgage rates would stimulate demand for housing and help reduce an inventory ... Read More

Economic Confidence Hits Five-Month Low: Consumers ‘Frustrated’ With High Prices

Americans’ views on the U.S. economy deteriorated to their lowest level in months, as rising prices and inflation stuck to the “forefront” of consumers’ concerns, according to a widely tracked survey ... Read More

Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

A for sale sign is displayed in front of a home in Wheeling, Ill., on May 2, 2024. (AP Photo/Nam Y. Huh, File) (AP) — The average rate on a 30-year U.S. mortgage fell this week to its lowest level in ... Read More