Why inland California housing is so exposed to downturn risk: Report
Data provider Attom tracks the 50 US communities most at risk of further housing decline. Half of them are located in 1 of 3 places
by Daniel Houston Mar 6
Many hoped a March rate cut would boost housing. Now, it's not so clear
Most real estate professionals believe rate cuts by the Fed will be crucial for a sales recovery, according to results from the Inman Intel Index survey. But the timing on those cuts is hazy
by Chris LeBarton Feb 19
Blowout January jobs report has mortgage rates surging again
Employers added 353,000 workers to their payrolls in January, a 'head scratching' jobs report from the Labor Department that kills prospects for a March rate cut 'stone dead,' economist says
by Matt Carter Feb 2
Mortgage rates edge up on surprisingly strong jobs report
Employers added 199,000 workers to their payrolls in November, a sign that the economy may achieve a soft landing but making Fed spring rate cuts less likely
by Matt Carter Dec 8
LoanDepot warns more layoffs are coming — but on a smaller scale
With headwinds in sight for 2024, loanDepot plans to slash $120M in annual expenses following 3 consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon
by Matt Carter Nov 8
Big drop in mortgage rates as unemployment hints at recession
After breaching 8% in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring
by Matt Carter Nov 3
Economists now less certain 2024 will bring much mortgage rate relief
Fed's ‘higher for longer’ rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts by MBA, Fannie Mae
by Matt Carter Oct 17
Interest rates surge again on surprisingly strong jobs report
Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue 'higher for longer' rate strategy to get inflation under control
by Matt Carter Oct 6
Surprisingly strong jobs report sends interest rates soaring
Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow
by Matt Carter Sep 21
'Avocado toast' CEO apologizes for viral anti-worker comments
Millionaire Australian developer Tim Gurner deactivated his LinkedIn account after apologizing for a speech suggesting that higher unemployment would better keep workers 'in check'
by Ben Verde Sep 15
Latest jobs numbers could be nail in the coffin for interest rate hikes
Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike
by Matt Carter Sep 1
Good news about economy could send mortgage rates back up
Surprising employment and GDP numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation
by Matt Carter Jun 29
Hiring in real estate ramps up — but lags behind other industries: Labor
May was a strong hiring month for the US as a whole. But in a down market, real estate didn't quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics
by Daniel Houston Jun 2
Housing is outperforming, but recession may still be in the cards
Fannie Mae economists say 'extraordinarily tight' inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes
by Matt Carter May 19
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3