Mortgage rates tumble on signs that inflation is easing
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62%
by Matt Carter Nov 10
hundred dollar bills lined up
All-items inflation rose 7.7% in October — down from September's 8.2%. Although its welcome news, housing economists say it'll take until 2023 for homebuyers to see the savings
by Marian McPherson Nov 10
Demand for purchase loans up slightly for first time in 7 weeks
Purchase loan applications rose 1% last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to the Mortgage Bankers Association
by Matt Carter Nov 9
Homebuyer sentiment falls for the 8th month in a row to all-time low
Only 16% of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it's a good time to sell also fell, according to new data released Monday
by Matt Carter Nov 7
Pointing to Ukraine war, Fed approves another drastic rate hike
Federal Reserve Chairman Jerome Powell says pace of rate hikes could slow but may ultimately need to go higher than policymakers had forecast at their September meeting
by Matt Carter Nov 2
The economic outlook for real estate: Dark days ahead?
Instead of disputing the economic news, searching for a ray of sunshine, or ignoring it, Compass' Rich Hopen goes beyond the headlines to understand what is going on
by Rich Hopen Oct 27
Robert Reffkin gets real at Compass REtreat: 'Hope is not a strategy'
At Compass' annual REtreat in Atlanta, CEO Robert Reffkin used his keynote to give an honest and intimate review of his company's post-IPO performance and cast a vision for the future
by Marian McPherson Oct 26
Mortgage demand hits lowest level in 25 years as rates keep rising
With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7% threshold, a Mortgage Bankers Association survey released Wednesday shows
by Matt Carter Oct 26
'The Airbnbust is upon us': A tweet hints at Airbnb's fall. But is it right? 
Social media users claim short-term rental bookings are collapsing. But the data tells another story. Inman reached out to Airbnb and to some experts who follow the short-term rental space
by Jim Dalrymple II Oct 25
Regret, reduce, relocate: The 6 biggest US luxury trends of 2022
Amid a persistent uptick in interest rates, lingering inflation and economic uncertainty, luxury homebuyers are changing habits ever so slightly. Coldwell Banker notes 6 big trends to watch
by Lillian Dickerson Oct 24
Mortgage rates punch through 7% but may pause for Fed clues
Several Fed policymakers have hinted that they'd be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease
by Matt Carter Oct 21
Gary Keller: 2022 poised to become 'second worst' deal year in history
Keller said during Inman Connect, that transactions could be down nearly as much as during the Great Recession, though he added there are still opportunities for those in real estate
by Jim Dalrymple II Oct 18
Inflation up 8.2% over last year — and housing is largely to blame
Government’s estimate of the cost of owning a primary residence rose 0.8% in September and was up 6.7% compared to a year ago, which is the largest 12-month increase in the category's history
by Daniel Houston Oct 13
For the first time, Fannie Mae now expects home prices to fall next year
Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight
by Matt Carter Oct 12
Mortage applications sag again as rates resume climb to 7%
A rate index published by Mortgage News Daily shows rates on 30-year fixed mortgages averaging 7.14 percent on Tuesday
by Matt Carter Oct 12