September existing-home sales rose 1.5% from August, but NAR’s chief economist cautioned Q4 closings could be ‘measurably down’ as affordability slips year-over-year for the first time this year.
Pending home sales rose slightly in August but are down nearly 5% from a year ago and remain just above record lows.
Existing home sales drop to lowest pace in over a year while inventories jump, sending ratio to highest since 2015.
ECB rate hike prospects, OpenAI expands with Samsung, Apple’s big event and other headlines moving the market this morning.
The data landscape has shifted but developments this week could render a decision.
Intel’s earnings, Amex reports, mortgage rate headwinds, and other headlines are moving stocks this morning.
Strong EPS growth will help buoy the company through a stormy mortgage market.
