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
New residential sales drop nearly 14% in May, their sharpest in 3 years
Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives
by Lillian Dickerson 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
NAR says lower mortgage rates could help boost sluggish sales. When might that happen?
Amid fighting over the federal funds rate, NAR says home sales were 0.7% lower in May than a year ago as inventory rose to a 4.6-month supply
by Taylor Anderson Jun 23
Pulte wages war on Fed Chair Jerome Powell, blaming him for high home prices
The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices
by Taylor Anderson Jun 20
How homeowners, not builders, are driving Denver's inventory boom
How is Denver out so far in front of the pack? Without a building boom, owners of existing homes are flouting a 'rate lock-in' and weak demand in a way that helps explain a broader national trend
by Lillian Dickerson Jun 19
Builder sentiment plunges as hesitant buyers shift to sidelines
Nearly 40% of homebuilders cut prices in June, the highest portion since the National Association of Home Builders began tracking the cuts. A decline in single-family starts is projected this year
by Lillian Dickerson Jun 17
Down payments set shrinking course for 1st time in 2 years
Down payments are declining as home prices are rising because buyers are facing affordability challenges or opting to reserve more of their cash because of economic uncertainty, Redfin said
by Lillian Dickerson Jun 16
Trump looks to South Korea to bring down mortgage rates
Overseas investors hold about $1.36T in US mortgage debt, with Japan, China, Taiwan and Canada accounting for 61% of that total. South Korea ranks 10th with $36.5B invested
by Matt Carter Jun 13
Some markets look vulnerable as home price appreciation cools
Experts polled by Fannie Mae expect national home prices to keep climbing, but see Austin, Tampa, Dallas, Denver, Houston, Miami and Phoenix as markets most likely to see price declines
by Matt Carter Jun 13
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
8 tips for maximizing a listing's square footage as an agent
Agents can help sellers get the most value for their property by presenting a sleek, appealing home that's optimized every single square foot of space, Clever's Luke Babich writes
by Luke Babich Jun 11
Foreclosures were up 9% year over year in May: ATTOM
States with the highest foreclosure rates in May included Delaware, Florida, Illinois and Indiana. ATTOM's CEO described the situation as 'a mixed picture'
by Jim Dalrymple II Jun 10
Consumer sentiment about housing market rebounds
While just 26% of Americans said May was a good time to buy, that's up from 23% in April and 14% a year ago, an all-time survey low in Fannie Mae National Housing Survey
by Matt Carter Jun 9
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