Existing-Home Sales Likely Slowed in August
swhy: In the context of the Federal Reserve's interest rate cut, interest rate-sensitive real estate and manufacturing sectors may benefit.
The Federal Reserve's September meeting statement believes that progress has been made in achieving the target inflation, while job growth has slowed down and inflation and employment risks are roughly balanced. The meeting lowered the policy interest rate by 50 basis points and continued with the planned balance sheet reduction.
Opendoor Technologies Options Spot-On: On September 18th, 81,395 Contracts Were Traded, With 567.19K Open Interest
On September 18th ET, $Opendoor Technologies(OPEN.US)$ had active options trading, with a total trading volume of 81,395 options for the day, of which put options accounted for 3.15% of the total
Before the resolution, good news came from the usa housing market! Last week, mortgage rates hit a two-year low, and new home construction in August reached a four-month high.
The mortgage loan interest rate continues to decline, further boosting confidence in the US real estate market. Last week, the refinancing mortgage application index hit a new high of over two years, and construction permits in August rose to the highest level in six months.
U.S. Existing Home Sales Seen Hitting Almost 30-year Low in 2024, Fannie Mae Says
Study Finds 80% Reduction in Real Estate Brokerage Labor Costs