The number of Americans applying for a new jobless claim rose again last week to 885,000, the highest weekly total since September.
REALTORS® have stepped up to the plate, giving back to the communities in which they live in the form of both their time and resources.
Food service and drinking place sales decreased 3.9% in November from October figures. But unlike traditional brick-and-mortar food service and drinking place retail, online food delivery is operating at record highs as a result of the coronavirus pandemic.
Retail and foodservice sales are estimated at $546.5 billion, which is a 1.1% decrease from prior month figures but up 4.1% year-over-year.
The 30-year fixed mortgage rate fell sharply this week, hitting a new record low at 2.67%. NAR forecasts the 30-year fixed-rate mortgage to average 2.9% and 3.0% in the first and second quarter of 2020, respectively.
Affordability declined in October compared to September as the median family income rose by 3.3% while the median home prices grew by 16.0%.
Homeownership is the key pathway to build wealth and narrow the racial income and wealth inequality gap.
The 30-year fixed-rate mortgage remained flat this week after reaching a new record low a week earlier to an average of 2.71%.
The annual inflation rate rose for the sixth straight month in November as the economy gradually recovers from the COVID effect.
Cyber Mondays’ $10.8 billion represents a 15.1% year-over-year increase.
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