The Super Bowl of Fed meetings is only three weeks away. As you get the office pool together, there’s good news today on the mortgage rate watch. The average cost of a 30-year, fixed-rate loan hit its lowest since May, coming in at less than[...]
Ouch. Last week, Redfin’s Market Tracker showed a huge jump in home sales and healthy price increases for July. Good good. But that was then, this is now, and all bets are off as markets tumble and traders load for a bear market. Quiz:[...]
The Redfin Housing Demand Index decreased 5 percent in July, falling to 108 from 113 in June, the fourth consecutive month-over-month decline. Redfin real estate agents report that the market is rapidly cooling, with buyers reaching[...]
It’s Super Bowl preseason — the Fed Super Bowl — and here’s how the teams are lining up. An MVP from Team Dove has yet to tip his hand, so we don’t know if he’s ready to raise interest rates. On Team Hawk, an offensive[...]
Every month, the Census Bureau tells us how many homes are being built. Generally, economists like the number to go up, because more construction means more jobs, more consumer spending and more economic growth.
Sometimes, though,[...]