real estate economist
Windermere Economist Jeff Tucker looks at recent economic indicators, including some surprising upside despite a disappointing spring market
by Jeff Tucker Jun 26
Fed expected to resist pressure from Trump for July rate cut
As Federal Reserve policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90%, up from 64% a week ago
by Matt Carter Jun 25
So far, the conflict with Iran hasn’t nudged the US housing market. But could it?
Economists typically keep their eyes out for 3 key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here's what they are
by Taylor Anderson Jun 25
Rising inventories have more homebuyers going to their lender
Purchase loan applications soared 10% last week to the highest level since April, even though rates have been stuck in the high 6s, the Mortgage Bankers Association reported Wednesday
by Matt Carter Jun 11
May CPI misses projections even as tariff effects hold off
The Consumer Price Index rose 2.4% year over year, slightly above April's 2.3% increase. Month over month, prices edged up just 0.1%, compared to 0.2% in April
by Richelle Hammiel Jun 11
Job market is cooling, but not fast enough to alarm Fed policymakers
An estimated 7.24M Americans were unemployed in May, as hiring by private employers slowed to slowest pace since October and the federal government continued to shrink its payroll
by Matt Carter Jun 6
Luxury home values have hit $1.8M, bucking the spring slowdown
A new report from Zillow shows that luxury home values rose 2.7% over the past year, with the typical luxury home now valued at around $1.8M
by Richelle Hammiel Jun 6
Dip in mortgage rates doesn't do much to excite homebuyers
While purchase loan demand was still up 18% last week from a year ago, some of that demand may not translate into sales after unusual bump in cancelled purchase contracts
by Matt Carter Jun 4
Inflation improved in April, but Fed not expected to budge on rates
Trump administration keeps up pressure on Fed, but investors don't expect the US central bank to cut short-term rates until September as policymakers weigh tariff impacts
by Matt Carter May 30
Tariff fears are behind those big swings in consumer confidence
A surge in the Conference Board's Consumer Confidence Index for May made the preliminary numbers from a similar U of M survey look 'far too negative,' one economist told clients Tuesday
by Matt Carter May 27
real estate economist
Windermere Economist Jeff Tucker looks at how tariff walkbacks may signal that some of the Trump administration's potentially damaging policy changes could be reversed
by Jeff Tucker May 22
Rising mortgage rates take wind out of spring homebuying sails
Applications for purchase loans fell 5% last week as rates climbed to highest level since February over concerns about inflation and growing government debt
by Matt Carter May 21
Most homebuyers see a recession ahead. Some are even asking for it
Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they'd be less likely to buy if the economy fails, new polling shows
by Matt Carter May 20
It's all a cycle: Boom, bust, rebound, Roben Farzad says
Roben Farzad took the stage at Inman On Tour Miami and struck a rare balance between realism and resilience: We're living in uncertain times, but history has shown that people adapt
by Richelle Hammiel May 20
Consumer sentiment is hurting, but economy hasn't faltered
The University of Michigan Index of Consumer Sentiment slipped to 50.8 in May, its second lowest reading ever, as Americans fretted about tariffs, inflation and the job market
by Matt Carter May 16