ABA Data Bank: Percent of active home listings with price drops has increased dramatically
The percent has more than tripled since the beginning of the year; current percentage running well ahead of the same...
Economy
Consumer sentiment increases slightly in July
Consumer Sentiment was 51.5 in July, according to the University of Michigan Consumer Sentiment Index. July’s figure was 1.5 points...
Second quarter GDP (advance estimate) shrinks 0.9%
Real GDP decreased at a seasonally adjusted annual rate of 0.9% during the first quarter of 2022, according to the...
GDP falls for second straight quarter
Real gross domestic product decreased 0.9% in the second quarter of 2022, marking the second consecutive quarter of GDP decline,...
Fed raises interest rates for fourth time this year
The Federal Reserve raised interest rates by three-quarters of a percentage point to a target range of 2.25% to 2.5%,...
New orders for manufactured durable goods increase in June
New orders for manufactured durable goods in June increased $5.0 billion or 1.9% to $272.6 billion, the U.S. Census Bureau...
New home sales fall in June
New single-family home sales fell to a seasonally adjusted annual rate of 590,000 in June, according to the U.S. Census...
Community bank execs see recession in near future
A recent survey of community bank leaders found that nearly all believe that a recession is just around the corner,...
ABA Data Bank: Markets expect Fed to increase rates 75 basis points
Markets expect at least a 75 bps hike at the next FOMC meeting, which takes place July 26-27. More than...
Existing home sales decrease in June
Existing-home sales fell 5.4% in June to a seasonally adjusted annual rate of 5.12 million, according to the National Association...
