Business

Economic Outlook and Housing Market Concerns

Updated 2026-07-16 17:25 UTC 1 source Negative

Dallas Fed President Logan advocates for slightly higher interest rates despite recent positive inflation data. Meanwhile, high mortgage rates and record home prices are causing a decline in existing home sales and builder sentiment.

Coverage timeline — 2 articles

CNBC

Dallas Fed President Logan calls for 'modestly' higher interest rates

The policymaker said this week's good inflation news wasn't good enough.

2026-07-16 17:18 UTC

CNBC

Here's why the housing market is hurting so much this summer

Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.

2026-07-16 17:18 UTC