Single-family rent growth slows for the 14th straight month
A new report from CoreLogic is the latest to confirm that rent growth is falling back toward historical levels as the market moves on from unprecedented growth during COVID-19
by Taylor Anderson Aug 25
Consumer unease over inflation rekindled in August following rally
Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday
by Daniel Houston Aug 25
Home sales will bottom out in 2023, analysts forecast. But then what?
MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing
by Matt Carter Aug 23
Homebuyer mortgage demand falls to lowest level since 1995
As mortgage rates hit new post-pandemic highs on inflation worries, MBA survey finds purchase loan demand down 5% week over week and 30% from a year ago
by Matt Carter Aug 23
Mortgage rate surpasses 7% in new 2023 high as demand falls again
Even after adjusting for seasonal factors, applications for purchase loans fell for the 5th-straight week as mixed inflation data raised doubts Fed will ease, pushing mortgage rates to new high
by Matt Carter Aug 16
Rating agencies issue more cautions about banking industry
It's not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts at Fitch and Moody's said
by Matt Carter Aug 15
Gary Keller: A 'rolling recession' will hit the US housing market in 2024
Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a 'rolling recession' while predicting agents will survive treacherous economic terrain
by Marian McPherson Aug 15
Consumer Price Index rises in July amid 1st inflation hike in 13 months
The Consumer Price Index increased 0.2% in July and rose 3.2% annually, according to data released Thursday by the Bureau of Labor Statistics that suggests inflation is still cooling
by Ben Verde Aug 10
Mortgage lenders tighten as homebuyer demand fades
Demand for purchase mortgages fell for a 4th consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey found
by Matt Carter Aug 9
Record number of Americans say it's a bad time to buy
A monthly survey by mortgage giant Fannie Mae finds 82% of consumers said July was a bad time to buy, a record in polling data going back to 2010
by Matt Carter Aug 8
Purchase loan demand off for 3rd week as mortgage rates climb
Mortgage rates could come under more pressure as Fitch Ratings downgrades US debt over concerns about rising deficits and ongoing debt ceiling showdowns
by Matt Carter Aug 2
After pausing in June, Fed hikes rates to highest level since 2001
Fed Chair Jerome Powell and company keep their options open for another rate hike in September, but futures markets investors and some economists think the Fed is probably done hiking rates
by Matt Carter Jul 26
Lower mortgage rates only boost refinancing applications
Requests for purchase loans are still down 21% from a year ago last week, even as mortgage rates retreat from 2023 highs on encouraging inflation news
by Matt Carter Jul 19
Economy's strength could keep a damper on existing-home sales
Lack of inventory driven by mortgage lock-in effect may persist if Federal Reserve maintains 'higher-for-longer' rate strategy to combat inflation: Fannie Mae economists
by Matt Carter Jul 19
US rent hits just shy of all-time record high: Report
Despite having cooled for more than a year, the median asking rent in the US remained just $24 below its all-time high as of June 2023, Redfin reported
by Lillian Dickerson Jul 12