Mortgage rates go wild following Fed rate cut and Powell remarks
Mortgage rates rose 15 basis points today following Fed Chair Jerome Powell’s comments at the Fed press event Wednesday.
Housing Market
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FEMA funds blocked illegally, GAO finds
The Government Accountability Office said FEMA violated the Impoundment Control Act, which bars the withholding of congressionally approved funding.
Section 8 use barriers analyzed in new study
While the Section 8 program enables more than 2 million low-income families each year to rent housing, thousands of vouchers go unused.
Miami luxury home prices soar to $1.13 million, nearly triple national average
Miami’s luxury real estate market shows exceptional strength with average prices at $1.13M, triple the national average. New construction and future builds command even higher premiums.
North Carolina housing market offers 20% price advantage over national average
North Carolina’s housing market presents a compelling value proposition with 62,710 active listings and typical homes priced around $519,908 compared to the national average of $647,307, the Tar Heel State presents a compelling alternative to pricier markets across the country. First-time homebuyers will find plenty to love in North Carolina, where more than one-third of all listings fall below the $300,000 mark.
Amazon-backed affordable housing hits Seattle milestone
Amazon’s fund originally pledged to support 20,000 units across Seattle, Nashville, and Arlington, Virginia, and it has surpassed that.
Trump wants quarterly earnings reports to become a relic of the past
President Trump posted on Truth Social on Monday morning that publicly traded companies should instead report on a six-month basis.
Have Fed rate cuts already been priced into mortgage rates?
Last week, mortgage rates hit a new low for 2025, as the labor market proved more critical to the bond market than inflation. The big question is: what will happen after the Fed cuts rates this week? Last year at this time, mortgage rates hit a yearly low of nearly 6% and the Fed cut […]
Midwest housing markets defy national days on market trends
Midwest housing markets are demonstrating remarkable resilience against the national trend of extended Days on Market.
Home equity levels remain high even as price appreciation has cooled
Cotality’s home equity report for the second quarter of 2025 shows the average U.S. homeowner with a mortgage has $307,000 in equity.