Existing home sales slipped slightly in June, while home prices continued their seasonal upswing.

June hiring came in below expectations, while home prices continued to move higher with another month of solid gains.

Inflation moved higher in May, though falling oil prices could help ease inflation pressures in the coming months. In housing news, new home sales fell to their second-lowest level in nearly four years.

Markets got a dose of good news as the United States and Iran signed an agreement to extend their ceasefire and reopen the Strait of Hormuz, easing concerns about global energy supplies. Meanwhile, the Fed held rates steady in Kevin Warsh's first meeting as Chair, and housing data was mixed.

Elevated energy and gasoline costs pushed inflation higher in May, while existing home sales reached their fastest pace of the year.

Labor market data paints a resilient picture, while home price forecasts highlight the long-term opportunity in homeownership.

Annual inflation moved higher in April, while new home sales came in below expectations. At the same time, long-term home price forecasts continue to reinforce the wealth-building potential of homeownership.

April saw a slowdown in single-family housing construction, even as signed contracts for existing homes rose for a third straight month and beat expectations. Meanwhile, the Federal Reserve’s April meeting minutes highlighted disagreement among policymakers over the path forward.

Inflation accelerated in April at both the consumer and wholesale levels, alongside a modest increase in existing home sales.