Mortgage rates keep rising on strong jobs, economic data
Strong job market rekindles inflation worries, raising the prospect that Federal Reserve policymakers are increasingly likely to cut rates by only a hair in November -- if at all
by Matt Carter Oct 9
Consumer housing sentiment hits 30-month high in September
More than 8 in 10 Americans still said it was a bad time to buy a home, and mortgage rates have been climbing again since Fannie Mae conducted the monthly National Housing Survey
by Matt Carter Oct 7
Glenn Kelman: It's 'game on' for the 2025 housing market
In his latest CNBC appearance, Redfin CEO Glenn Kelman talked about mortgage rates, the lock-in effect, and how buyer-broker compensation changes are already impacting market dynamics
by Marian McPherson Oct 7
Forget mega-teams. Half of all teams have 6 or fewer members
RealScout, T3 Sixty and Tom Ferry released an inaugural Teams Report on Monday, diving into challenges and opportunities as teams navigate sweeping economic and procedural changes
by Marian McPherson Oct 7
Elliman's Stephen Kotler says the election is only a 'little ripple'
The brokerage exec shared details about his day-to-day at Elliman, thoughts on current industry challenges and how, despite popular opinion, an election year has little impact on the market
Homebuilding industry relieved as dockworkers' strike ends Friday
International Longshoremen’s Association's strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales
by Marian McPherson Oct 4
Mortgage rates are soaring on strong September jobs report
With a soft landing seen as more likely, analysts say Fed can be more cautious about the pace of future rate cuts and mortgage rates aren't likely to fall below 6% anytime soon
by Matt Carter Oct 4
Homebuyers entering the market even as mortgage rates stabilize
Purchase loan applications are up 9% from a year ago, as inventories of new and existing homes increase and lower mortgage rates help with affordability, MBA lender survey suggests
by Matt Carter Oct 2
Easing rates expected to boost California home sales 10.5% in 2025
The California Association of Realtors expects existing single-family home sales to reach more than 300K units by the end of 2025. Active inventory is due for a 10% boost as well
by Marian McPherson Sep 30
US housing turnover rate hits 30-year low as lock-in effect lingers
In the first 8 months of 2024, only 25 out of every 1,000 US homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday
by Richelle Hammiel Sep 30
New inflation data gives mortgage rates room to keep coming down
With inflation continuing to inch closer to the Fed's 2% goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November
by Matt Carter Sep 27
Pending home sales rise modestly in August as mortgage rates dip
Pending home sales edged up 0.6% in August, as declining mortgage rates made home purchases more affordable, according to data released Thursday by the National Association of Realtors
by Richelle Hammiel Sep 26
'The fever has broken': Action steps for agents after rate cuts
A market where the fed funds rate is being cut instead of raised has historically been better for real estate, Jimmy Burgess writes. It's time to be the source of information and professionalism
by Jimmy Burgess Sep 26
Homebuyer demand hardly budged as mortgage rates hit 2024 lows
While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week's Fed rate cut
by Matt Carter Sep 25