Tag Archives: Markets & Economy

Mortgage rates continue to flatline ahead of Fed tapering details

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Mortgage rates stayed the course this week as lenders continued to monitor the Federal Reserve’s tapering plans. Continue reading →

The next class of luxury homesellers is younger than you might think

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In 2020, nearly half of homesellers were classified as baby boomers or the silent generation, but through the next year, a whopping 80 percent of luxury sellers will be millennials and Gen Xers. Continue reading →

The Evergrande crisis: Everything real estate agents need to know

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One of China’s largest property developers is in dire financial straits, and the world is watching. What does it mean for the U.S. housing market, real estate agents and the economy? Continue reading →

Redfin CEO, Zillow pour cold water on TikToker’s iBuyer theory

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A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading →

Low mortgage rates keep home costs in an acceptable range

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Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk. Continue reading →

Interest in second homes remains down for third consecutive month

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Many buyers are still considering second-home purchases, but the number was down from last year’s blistering levels. Continue reading →

Existing-home sales take a U-turn following 2-straight months of gains

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Existing-home sales declined 2 percent between July and August to a seasonally adjusted annual rate of 5.88 million, with all geographical regions in the US seeing monthly and annual declines. Continue reading →

Fall housing outlook: Cooling prices, tighter inventory, less competition

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As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight Continue reading →