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
Homebuyers out in force for a 2nd week as mortgage rates stabilize
With more homes to choose from, purchase loan applications were up 18% from a year ago last week as buyers forged ahead despite economic uncertainty, MBA lender survey finds
by Matt Carter May 14
A June rate cut is now seen as off the table as Fed stays put
Job market is 'solid,' and central bank policymakers need time to assess Trump administration's 'substantial policy changes' in areas including tariffs, immigration, taxation and regulations
by Matt Carter May 7
Shrinking economy bolsters the case for a June Fed rate cut
Advance GDP reading suggests the economy shrank by 0.3% during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth
by Matt Carter Apr 30
Fannie Mae forecasting higher 2025 inflation, slower growth
Slowing economy could also help bring mortgage rates down to Earth more rapidly, with the latest forecast predicting rates will drop to 6.2% by the end of this year and to 6% next year
by Matt Carter Apr 30
Mortgage rates ease as economic data flashes recession warning
Consumer confidence sank to a 5-year low in April over concerns about tariffs, while trade deficit surged to an all-time high in March, and job postings shrank more than expected
by Matt Carter Apr 29
Fewer consumers think it's a good time to buy — or sell: Inman-Dig poll
Rapid fluctuations in tariff policies have the economy and the stock market in a volatile state, which is weighing heavily on consumers, the April Inman-Dig Insights consumer survey shows
by Lillian Dickerson Apr 28
Tariffs to spur ripple effects across real estate, industry leaders warn
Rising construction costs and shifts in foreign investments will result in falling sales as the weight of the tariffs are felt across US housing markets, economists and real estate leaders told Inman
by Lillian Dickerson Apr 21
Homebuyers get cold feet as mortgage rates rebound
Mortgage rates are climbing back toward 7% on fears that tariffs could reignite inflation, but Fed Chair Jerome Powell warns policymakers would be challenged if unemployment also rises
by Matt Carter Apr 16
Tariff fears sour consumer sentiment, push mortgage rates up
The University of Michigan Index of Consumer Sentiment fell 11% from March to April to 50.8 and is now lower than it was at any point during the 2007-2009 Great Recession
by Matt Carter Apr 11