Tag: Odeta Kushi

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.

| By MBA NewsLink Staff

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.

| By MBA NewsLink Staff

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.

| By Mike Sorohan

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.

| By Mike Sorohan

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.

| By Mike Sorohan

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.

| By MBA NewsLink Staff

Employment Show Signs of Slowing

Non-farm employment slowed to 263,000 jobs in September, the Bureau of Labor Statistics reported Friday, while the unemployment rate fell back to pre-pandemic levels.

| By Mike Sorohan

Pending Home Sales Dropped 2.0% in August

The National Association of Realtors reported pending home sales waned for the third consecutive month in August, falling 2.0% from July.

| By MBA NewsLink Staff