Tag Archives: Markets & Economy

Redfin launches in Hilton Head, South Carolina

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In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95 percent of the U.S. population. Continue reading →

Luxury home sales plunge to 10-year low, surpassing COVID levels

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Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading →

As it keeps hiking short-term rates, Fed stays the course on mortgages

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Fed Chair Jerome Powell says policymakers are not ready to start selling off Treasurys and mortgage debt to accelerate the balance sheet runoff. Continue reading →

Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

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Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading →

This is the ‘fastest-slowing’ housing market in the US, new data shows

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The slowdown in housing has been swiftest on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis on Wednesday by Redfin. Continue reading →

The benefits of the ‘Great Housing Boom’ will ring out for years to come

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The entire country experienced a housing boom that set off a neighborhood infrastructure metamorphosis. Even with the housing market flipped upside down, the benefits are boundless. Continue reading →

Median sale price dips below $400K as existing-home transactions slip

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The median sale price of an existing U.S. home declined to $389,500 in August, down from July when it sat at $403,800, according to data released Wednesday by the National Association of Realtors. Continue reading →

Demand for home loans picks up for first time in 6 weeks

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Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA’s latest Mortgage Applications Survey. Continue reading →

The color of money: Unique ways to prosper in today’s tough market

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One revenue stream is not enough to keep you afloat during market shifts. Trainer and author Bernice Ross speaks with agent Taunee English to discover how she leverages three different streams to maximize financial security. Continue reading →

New construction scores a modest win as housing starts jump 12%

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Monthly housing starts rose 12.2 percent in August to a seasonally adjusted rate of 1,575,000, according to U.S. Census Bureau data released Tuesday. August 2022 levels fell 0.1 percent year over year. Continue reading →