Housing Market Economy Update Pending Home Sales Rise Jobless Claims Drop!
In this brief market update, the presenter reports that pending home sales increased 1.9% in October, aided by slightly lower mortgage rates and a larger inventory of homes. Federal Housing Finance Agency (FHFA) raised the 2026 conventional loan limit by 3.26% to $832,750 for most U.S. counties. Purchase mortgage applications jumped 8% for the week and are about 20% higher year‑over‑year. Jobless claims fell to their lowest level since mid‑April, indicating continued low layoffs despite economic uncertainty. Conversely, consumer confidence slipped as job and financial worries grew, partly due to a recent government shutdown. Retail sales rose in September but fell short of expectations, suggesting tariff‑driven price pressures are dampening spending. Overall, third‑quarter economic growth remained solid. The video ends with a call to comment, like, and visit the website.
