Pending home sales fell 7.7% in April from the prior month, the National Association of Realtors said today. The pending home sales index—a forward-looking indicator based on contract signings—decreased to 72.3. Year over year, pending transactions were down 7.4%.
“Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications,” said Freddie Mac’s chief economist.
“In the years since 2008, bank regulators have at times tried to eliminate rather than manage risk, frustrating the ability of banks to fulfill their function,” Gould said.
Real GDP grew at an annual rate of 2.4% in the fourth quarter of 2024, according to the “third” estimate released by the Bureau of Economic Analysis. Real GDP increased 3.1% in the third quarter of 2024. The...
Study authors said the results may seem “counterintuitive” given the current “uncertain economic environment,” however, the improvement is the result of banks’ efforts to build “more personalized, engaged relationships” that help customers to better manage their finances.
A new national survey conducted by Morning Consult on behalf of ABA shows that consumers value and understand existing overdraft services offered by financial institutions.
Sen. Ted Cruz (R-Texas) announced he has introduced legislation to block the Federal Reserve from issuing a central bank digital currency.
