Median US home price hits new record as pending sales drop

The median home sale price ticked up to $399,633 as pending sales saw a 3.5 percent drop annually. Still, mortgage applications, home touring and Google searches for “homes for sale” increased, in a positive sign for sellers. Continue reading

Homebuyers rushed to lenders last week as mortgage rates dipped

Rates are on the rebound again as investors weigh a strong June jobs report and the Trump administration’s threats to impose new tariffs in August. Continue reading

Job loss fears, mortgage rates weigh on housing sentiment

Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over tariffs is weighing on consumer confidence. Continue reading

Mortgage rate drop unlikely after strong June jobs report

The report beat analyst expectations by 37,000 jobs, curtailing hopes of a short-term rate cut in September. Several economists say mortgage rates will likely stay elevated and keep homebuyers on the sidelines. Continue reading

What homebuyers want right now is some certainty: Economist

NewHomeSource Chief Economist Ali Wolf will provide insights into economic factors, buyer behavior, and how market shifts are impacting consumers at Inman Connect San Diego. Continue reading

Amid a fairly flat market, May held some nice surprises: Economist

Windermere Economist Jeff Tucker looks at recent economic indicators, including some surprising upside despite a disappointing spring market. Continue reading

Rising wages and job growth pushed pending home sales up slightly in May

New numbers from the National Association of Realtors show that pending sales rose 1.1 percent year over year in May. Continue reading

Fed expected to resist pressure from Trump for July rate cut

As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading

Ripple effect: The unseen influence of your real estate work

The next time you’re questioning your effort and your impact, coach Darryl Davis writes, look at the ripple effect of all you do and the lives you touch. Continue reading

So far, the conflict with Iran hasn’t nudged the US housing market. But could it?

Economists typically keep their eyes out for three key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here’s what they are. Continue reading