October Pending Home Sales Down 4.6%

Pending home sales slid for the fifth consecutive month in October, the National Association of Realtors reported Wednesday. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines in transactions.

October New Home Sales Beat Expectations

October new home sales rose by 7.5 percent from September, beating consensus expectations, the Census Bureau and HUD reported Wednesday.

October Housing Starts Down 4.2%

Housing starts fell in October—the third straight monthly decline—but generally beat analysts’ expectations, HUD and the Census Bureau reported Thursday.

Fed Raises Rate to 15-Year High

The Federal Open Market Committee, as expected, raised the federal funds rate by 75 basis points on Wednesday to its highest level since 2008.

September Housing Starts Down 8%

September housing starts took back the temporary momentum it gained in August, falling by more than 8 percent, HUD and the Census Bureau reported Wednesday.

Educated Millennials Hold Key to Future Homeownership Demand

First American Financial Corp., Santa Ana, Calif., said in challenging housing market conditions with higher interest rates, certain fundamentals will drive future growth. One such driver, said First American Deputy Chief Economist Odeta Kushi, is level of education.