Tag Archives: inflation

Demand for purchase loans sinks as mortgage rates rebound

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Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation. Continue reading →

The 1 metric you need to scrutinize, according to a real estate economist

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Redfin Chief Economist Daryl Fairweather reveals to Intel the top data point signaling a coming rebound and shares why inflation and mortgage rates will continue to lead the market this spring. Continue reading →

Housing singled out as largest contributor to inflation: Economists

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Housing costs were the biggest contributor to inflation in January, according to new data from the Bureau of Labor Statistics. Increased food and energy costs were smaller by comparison. Continue reading →

Mortgage rates inch up from 2023 lows on strong jobs report

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Strong job numbers spark fears that the Fed will need to stick to its guns and continue to raise rates and keep them elevated for some time to fight inflation. Continue reading →

Young renters’ inflation rate lower than general population: Study

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Gen Zers and millennials who signed new leases in December saw their cost of goods and services increase 5.6 percent and 6.1 percent, respectively, according to a new report by Redfin. Continue reading →

Mass rounds of real estate layoffs still the exception, not the norm

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Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to a report released Friday by the U.S. Bureau of Labor Statistics.  Continue reading →

Homebuyer demand for mortgages up for second week in a row

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Purchase loan requests rise 3 percent week over week as mortgage rates ease but remain down 39 percent from the same time a year ago. Continue reading →

The Agency 2022 Red Paper: A softening, but still strong market

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“The key takeaway is this,” CEO Mauricio Umansky said of this year’s report. “Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.” Continue reading →

Homebuyer loan requests jump 25% as mortgage rates continue to fall

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After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni. Continue reading →