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topStories Tuesday, October 13, 2026
Notes From Fed Meeting Cite AI, Tariffs and Geopolitical Conflicts for Rate Hike
Participants at the September Fed meeting noted that the central bank had “not seen sufficient progress on lowering inflation” as members acknowledged uncertainty in their remarks.
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As Housing Picture Dims, Agents Should Use Local Data to Tell the Right Story: Bright MLS Economist
At RISMedia’s CEO and Leadership Exchange, Lisa Sturtevant said rates aren’t going down to 5%—but added that a ‘new normal’ opens opportunities for agents to reach consumers.... More
$100K Rents a House in Memphis, a One-Bedroom in San Jose
A six-figure income supports a rental budget of $2,500 per month, enough to access 77% of rentals nationwide, but just 13% in the most expensive market.... More
Report: Homeowners Confident in Making Mortgage Payments, Even as Credit Card Debt Grows
Despite spending cuts and increasing reliance on credit cards, consumers remain confident about their mortgages—and the value of homeownership.... More
Buyers Continue Holding Back, Refinance Applications Hit Lowest Point Since 2025
“Very few homeowners have an incentive to refinance at these rates,” said Joel Kan, CMB, MBA’s vice president and deputy chief economist.... More
 
 
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