June 24, 2026

The U.S. Census Bureau reported on June 25, 2026, that new single-family home sales fell to a seasonally adjusted annual rate of 580,000 units in May, missing the forecast of approximately 634,000 units and falling 7.3% from Aprils revised figure of 626,000. The result marked the second consecutive monthly decline and a four-month low.

Elevated mortgage rates were the primary driver. The average 30-year fixed rate rose to 6.44% in May — the highest level since August 2025 — up from 6.33% in April, squeezing affordability for prospective buyers and pushing sales below all economist estimates in a Bloomberg survey. The median sale price of a new home was $424,900, effectively unchanged from a year earlier.

The miss was notable because earlier indicators, including pending home sales, had pointed to improving momentum. Instead, the rate sensitivity of the new-home market reasserted itself. Inventory edged higher to an estimated 496,000 homes for sale, suggesting builders continued adding supply even as demand softened. The Predict Six community, 63% of whom expected sales to exceed the 634,000 forecast, was on the wrong side of the outcome.

All three candidates endorsed by New York City Mayor Zohran Mamdani swept their Democratic House primaries in New York on June 24, 2026, marking a clean victory for the progressive left and a significant blow to the Democratic establishment.

Former New York City Comptroller Brad Lander defeated five-term incumbent Rep. Dan Goldman in the 10th District, capturing roughly two-thirds of the vote. In the 13th District, the nights biggest upset saw 32-year-old community organizer Darializa Avila Chevalier narrowly defeat five-term incumbent Rep. Adriano Espaillat. State legislator Claire Valdez won the open 7th District, where retiring Rep. Nydia Velázquez had endorsed Mamdanis opponent.

The results demonstrated Mamdanis ability to convert his mayoral coalition — built around the Democratic Socialists of America and younger progressive voters — into down-ballot congressional influence. Two sitting incumbents lost their seats. The sweep represents the most consequential leftward shift in the New York congressional delegation in years and positions the Mamdani coalition as a major force in city and state Democratic politics heading into November. The Predict Six community, 79% of whom predicted at least two endorsees would win, correctly called the outcome.

FedEx reported fiscal fourth-quarter 2026 earnings on June 23, 2026, beating Wall Streets profit estimate with adjusted earnings per share of $6.31, above the consensus forecast of $5.96. Revenue for the quarter came in at $25.01 billion, also exceeding the $24.04 billion estimate.

The quarter was the final reporting period to include FedExs freight division, which was spun off into a separately traded company called FedEx Freight on June 1. That structural change made year-over-year revenue comparisons complex, contributing to the topline outperformance. Despite the earnings beat, FedEx shares fell roughly 6% in after-hours trading, as investors focused on forward guidance that projected full-year adjusted EPS of $16.90 to $18.10 — below what some analysts had anticipated.

Broader package demand remained muted amid shifting trade patterns, and management cited evolving trade policy as a headwind for the coming year. The Predict Six community was evenly split at 50% heading into the report, with the earnings beat resolving the question as true.

South Carolina Attorney General Alan Wilson won the Republican gubernatorial primary runoff on June 23, 2026, defeating Lt. Gov. Pamela Evette by nearly a 2-to-1 margin. Both candidates had advanced from the June 9 first-round primary, where Evette finished first with 29% and Wilson placed second with 26%, forcing the runoff.

Wilsons victory came despite an unusual political dynamic: President Donald Trump had originally endorsed Evette but, days before the runoff as Wilson gained momentum, issued a second endorsement backing both candidates simultaneously. Wilsons decisive margin suggested that his long tenure as the states top law enforcement officer and statewide name recognition outweighed Evettes initial primary advantage and the muddled presidential signal.

The race was South Carolinas first open gubernatorial contest since 2010, with the incumbent governor term-limited from running. Wilson is now heavily favored in the November general election in the reliably Republican state. The Predict Six community, 64% of whom predicted Wilson would prevail over Evette, correctly anticipated the outcome.