Builders are navigating a complex mix of elevated costs, rising mortgage rates and waning consumer confidence, which is weighing heavily on the market
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
Purchase loan demand up 11% last week, with 'surprisingly strong' demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says
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
Many brokerage professionals say they're concerned about the economy. They're just not expecting it to hit their client pools quite yet, the latest Inman Intel Index survey results suggest
In a recent TikTok video and appearance on Fox & Friends, real estate veteran Barbara Corcoran made it clear: economic hesitation is exactly why it's a good time to buy real estate
Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better
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
Contract signings jumped 6.1% in March. That represents the biggest monthly gain since December 2023, according to the National Association of Realtors
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
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
The FHFA HPI and S&P CoreLogic Case-Shiller Indices posted a 3.9% annual increase in February. While that marks another year of gains, the data shows that price growth has moderated
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
As of April 20, home-sale prices fell across 11 US metro areas, marking the 1st time this many markets have seen YOY declines since September 2023, according to Redfin data
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun