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Mortgage rates trended higher. Existing home sales were mostly flat in April, reflecting a housing market still facing affordability challenges. Hiring growth slowed further, while inflation came in hotter than expected, signaling persistent price pressures. Mortgage applications improved slightly due to stronger purchase activity, though refinance demand softened. Jobless claims moved higher, pointing to some easing in labor market strength. Retail sales continued to rise, but consumer spending momentum slowed from the prior month.

Existing home sales edged up 0.2% month-over-month in April to a seasonally adjusted annual rate of 4.02 million, slightly below expectations for 4.05 million but modestly above the prior month’s 4.01 million pace.

The ADP weekly employment update showed payroll growth of 33,000 for the latest week, down from the prior reading of 39,250.
Inflation accelerated in April, with the CPI rising 0.6% month-over-month and 3.8% year-over-year, while core CPI increased 0.4% monthly and 2.8% annually, both slightly above expectations and the prior month’s readings.

Mortgage application submissions increased 1.7% during the week ending 5/8. The seasonally adjusted Purchase Index increased 3.9% from the previous week, while refinance application submissions decreased 0.8%.

Continuing jobless claims rose to 1,782,000 during the week ending 5/2, above the prior week’s 1,758,000 level but slightly below expectations. Initial jobless claims increased to 211,000 during the week ending 5/9, above expectations for 205,000 and up from the prior week’s 199,000.

Retail sales rose 0.5% month-over-month in April, matching expectations but slowing from the prior month’s 1.6% increase. Core retail sales also increased 0.7%, while the retail control group rose 0.5%, slightly above expectations.

Condo for rent--just in time for summer--A/C and in unit washer/dryer

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7650 W Leon Terr Unit D, Milwaukee, WI 53218 2 Bedroom upper 1.5 bathroom Large sunken living room Large dining room Private balcony Electric smooth top range Refrigerator Dishwasher Washer dryer in-unit. Built-in air conditioner Off street parking Please visit our website to schedule a showing. www.citywiderentalsmke.com Monday - Friday: 9am....

Property Tax Relief Campaign Now Live

"Enough Is Enough" just launched statewide

Wisconsin property taxpayers are facing growing affordability challenges as property taxes continue to rise across the state. Wisconsin has the 8th highest property taxes in the nation, creating added strain for homeowners, seniors, families and future homebuyers.

Recently, the WRA launched the “Enough Is Enough” property tax awareness campaign, reaching out to voters across the state to raise awareness about Wisconsin’s $2.5 billion budget surplus and encourage residents to contact their state Senator in support of meaningful property tax relief.

Speak Up for Property Tax Relief | Urge Your Senator Now Wisconsin property taxpayers are being hit by rising property tax bills year after year. That money should be returned to the property taxpayers who paid it.