NAR: Home prices are up in 83% of metros
According to the National Association of Realtors, 189 of 228 metro areas saw an uptick in the median price for a single-family home.
Housing Market
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Is it a good time to sell a house? ‘No’ is increasingly the answer
Despite tariff concerns, the April Home Purchase Sentiment Index from Fannie Mae ticked up by 1.1 points compared to March.
The Fed is preparing for rate cuts, but waiting on job losses
Powell emphasized that if the labor market deteriorates, the Fed has the ability to cut rates appropriately to mitigate the labor damage.
Trump wants to cut rental assistance. His first-term budget requests show he’s serious
The Trump administration released an outline for its 2026 federal budget proposal on Friday — and it calls for steep cuts to HUD programs.
Home sales disappoint at the end of April
Weekly single-family home sales came in 8% below the same time last year, and condo sales came in 19% fewer.
Why this week’s Fed meeting is critical for mortgage rates
The Fed has adjusted its inflation targets, primarily in response to the trade war and the anticipated shortages if agreements aren’t reached.
The labor market is still keeping mortgage rates elevated
To get mortgage rates below 6% with duration, we need to see the labor market break, which hasn’t happened yet.
4 charts that show why Florida’s housing markets are struggling
Florida’s housing markets were as hot as any after the pandemic began, but now they’re among the coldest due to macroeconomic headwinds.
Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
Mortgage rates settle down after wild ride
Last week, mortgage rates and the 10-year yield slowly moved lower as the week progressed. Can this relative calm last?