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
Hamptons summer rentals way down amid market uncertainty
Rental demand for ultra-luxury properties in the beach market is down as much as 75% this year, according to local brokers, due to economic volatility and poor spring weather
Opendoor hit with Nasdaq notice, skids closer to delisting zone
Opendoor's stock has spent months in precarious territory. The company has now received a notice from Nasdaq after its share price fell below $1 for 30 consecutive business days
by Richelle Hammiel Jun 2
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
1 in 10 agents in Intel survey say they've seen tariffs blow up a deal
Agents and brokers are already feeling the impact of new trade policies, new Intel polling shows, an indication that the brokerage business might not be as insulated from tariffs as once thought
by Daniel Houston May 19
The spring sizzle fizzles: Economic jitters chill buyer demand
Despite a flood of new listings, buyers are cooling off from high prices, rising mortgage rates and economic uncertainty, according to new reports from Zillow and Redfin
by Richelle Hammiel May 16
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
Builders pull back from new construction once again in April
Builders are navigating a complex mix of elevated costs, rising mortgage rates and waning consumer confidence, which is weighing heavily on the market
by Richelle Hammiel 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
Here's why builders are slamming the brakes on new apartments
Building permits for multifamily units have plunged 27.1 percent from their pandemic-era highs, with new rentals now hitting the market at the slowest pace on record, according to Redfin
by Richelle Hammiel May 5