Tag Archives: mortgage rates

Job market is cooling, but not fast enough to alarm Fed policymakers

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An estimated 7.24 million Americans were unemployed in May, as hiring by private employers slowed and the federal government continued to shrink its payroll. Continue reading →

Luxury home values have hit $1.8M, bucking the spring slowdown

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A new report from Zillow shows that luxury home values rose 2.7 percent over the past year, with the typical luxury home now valued at around $1.8 million. In some high-demand cities, like New York, Los Angeles, San Diego and San Francisco, luxury home… Continue reading →

Despite market shift toward buyers, they’re still backing away

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Spring typically brings new energy to this housing market, but this year, the momentum is stalling. A flood of sellers has hit the market, but buyers are remaining on the sidelines, new data from Redfin shows. Continue reading →

Dip in mortgage rates doesn’t do much to excite homebuyers

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While purchase loan demand was still up 18 percent last week from a year ago, some of that demand may not translate into sales, with Redfin reporting an unusual bump in cancelled purchase contracts. Continue reading →

Listing recovery hits snag near end of spring: Client Pipeline Tracker

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Real estate agents reported an unexpected hit to their listing pipelines in May as they navigated an uncertain market and weak spring, according to the latest Inman Intel Index survey results. Continue reading →

Inflation improved in April, but Fed not expected to budge on rates

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Trump administration keeps up pressure on Fed, but investors don’t expect the U.S. central bank to cut short-term rates until September. Continue reading →

Pending home sales tank 6.3% in April as mortgage rates stay high

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Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts. Continue reading →

Tariff fears are behind those big swings in consumer confidence

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A surge in the Conference Board’s Consumer Confidence Index for May made the preliminary numbers from a similar U of M survey look “far too negative,” one economist told clients Tuesday. Continue reading →

Existing-home sales slip again in April even as inventory improves

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Existing-home sales continued to fall in April, down 0.5 percent from March to a seasonally adjusted rate of 4 million last month, according to data released Thursday by the National Association of Realtors. Continue reading →

Can tariff walkbacks keep the economy humming? Economist

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Windermere Economist Jeff Tucker looks at how tariff walkbacks may signal that some of the Trump administration’s potentially damaging policy changes could be reversed. Continue reading →