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Mortgage Market Update - New Home Sales Jump, Inflation, Home Values, & Unemployment - 3/4/24
Manage episode 405000087 series 3548710
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Hey everyone, it's Larry Bailey. This is for the Week of February 26, 2024, in Review:
The Fed’s favored inflation measure showed that annual inflation continues to progress lower, albeit slowly. And while the weather and mortgage rates impacted signed contracts for homes in January, key home price indexes revealed that 2023 was another strong year for appreciation. Here are the headlines:
- Fed’s Favored Inflation Measure in Line with Forecasts
- New Home Sales Jump in January
- Pending Home Sales Pull Back
- Home Values Continue to Move Higher
- Unemployment Claims Rise During Latest Week
00:00 Introduction
01:53 Feds Favorite Inflation Measure
07:12 Pending Home Sales
09:37 Home Values
12:01 Unemployment Claims
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