Direxion Daily Real Estate Bear 3X Shares
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Closed: Oct 15, 16:00:00 (EDT)First American HPI shows U.S. home prices rise 1.4% y/y in August 2026
PUBT·- First American Financial released the August 2026 house price index, showing a 1.4 % year-over-year increase in U.S. home prices. - Higher mortgage rates and the rate-lock effect restrained demand and inventory, keeping supply and demand in a stalemate with a 0.2 % month-over-month increase. - Regional divergence intensified as Chicago rose 5.5 % while Dallas fell 5.0 %, indicating a market rebalancing across the Sun Belt.US labour market on solid footing; rising mortgages pressuring housing sector
Businesstimes News·- The US labor market shows fundamental stability with initial jobless claims dropping to 196,000 in the week ending September 12, allowing the Federal Reserve to focus on combating inflation. - Rising inflation and surging mortgage rates, with the 30-year fixed rate reaching 6.95 %, are exerting significant pressure on the housing sector and dampening single-family builder confidence. - Single-family housing permits declined by 1.8 % to an annualized rate of 878,000 units in August, reflecting ongoing supply and cost challenges in the real estate market.