Real estate adds fewer jobs in an otherwise strong US hiring month
The start of spring usually marks more brokerage transactions and ramped-up construction schedules. But payroll growth was weaker in March, according to Bureau of Labor Statistics data
by Daniel Houston Apr 7
How did we get here? How to talk about the economy with clients
Keeping Current Matters' George Ratiu and David Childers on how to talk to real estate clients about economic uncertainty in today's market
by Jimmy Burgess Mar 30
Dreading a rise in foreclosures? Here's one economist's take
Opinion
Windermere Chief Economist Matthew Gardner looks at the latest data on foreclosure starts and the quality of mortgages that have been given to buyers
by Matthew Gardner Mar 29
Bank turmoil could spark 'modest' recession in second half of year
Fannie Mae economists say downturn won't rival the 2008 financial crisis, but jumbo mortgages and construction loans could get scarce if small and midsized regional banks tighten
by Matt Carter Mar 24
Here's your bank failure explainer as House hearings approach
Not sure how to talk about recent bank failures with your clients? Want to know what's happening next? Here's your guide to SVB, Signature and the upcoming House hearings
by Eric Bramlett Mar 23
Mortgage rates nosedive in fallout from Silicon Valley Bank failure
Bank failures and slowdown in wage growth have forecasters thinking the Federal Reserve will back off from aggressive rate hike campaign when it meets next week
by Matt Carter Mar 13
Mortgage rates headed past 7% after Powell warns Congress on inflation
Futures markets are taking the Fed chair at his word that policymakers may have to hike rates faster and take them higher to combat inflation
by Matt Carter Mar 8
Knock Home Swap
Fannie Mae's National Housing Survey shows Americans were feeling less secure about keeping their jobs in February, and nearly 8 in 10 think it's a bad time to buy a home
by Matt Carter Mar 8
Rocket, UWM cut a combined 9,500 positions in 2022, new filings show
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
by Matt Carter Mar 3
Homebuyer demand cools to lowest level since 1995 as rates rebound
Demand for purchase loans down 18% week over week and 41% from a year ago as mortgage rates rise for the second week in a row to hit new 2023 highs, MBA survey shows
by Matt Carter Feb 22
'Modest' recession could put a lid on 2023 home sales: Fannie Mae
Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and sales to rebound in 2024, Fannie Mae predicts
by Matt Carter Feb 22
Young renters' inflation rate lower than general population: Study
Gen Zers and millennials who signed new leases in December saw their cost of goods and services increase 5.6% and 6.1%, respectively, according to a new report by Redfin
by Ben Verde Feb 8
Why this economist says today's market is not a do-over of 2008
Now, although price growth through the pandemic period was clearly excessive, fundamentally speaking, the two periods cannot be considered to be similar at all
by Matthew Gardner Jan 30
Home prices are looking softer to Fannie Mae economists
National home prices are projected to fall 6.7% over the next 2 years, with sales also expected to drop 21% this year to a level not seen since 2010, Fannie Mae forecasters said
by Matt Carter Jan 20
Homebuyer sentiment ticks up again on signs of market top
More consumers are coming around to economists' views that home prices and mortgage rates probably peaked last year, according to a monthly survey by Fannie Mae
by Matt Carter Jan 9