Record High Home Prices
Record High Home Prices Amid Shortage In the 20 biggest U.S. metros, home prices continue to rise, marking an 11th consecutive month of growth and hitting a record high. This…
Lowe’s Faces Challenges in the Third Quarter
Lowe’s is anticipated to face challenges from slow home sales as it reports its third-quarter results on Tuesday. While both Lowe’s (LOW) and Home Depot (HD) have been navigating a…
Existing-Home Sales Expected to Reach Decade-Low as Mortgage Rates Rise
The upcoming release of September's existing-home sales data is anticipated to reveal a significant drop in sales, reaching the lowest level in over ten years. This decline can be attributed…
Rising Inventory and Mortgage Rate Volatility Offer Hope for Homebuyers
The U.S. housing market has become increasingly unaffordable for many individuals looking to become homeowners. However, according to a recent report from Redfin, there is still hope for those who…
Demand for New Homes Soars Despite Higher Mortgage Rates
Newly released census data for July shows that the demand for new homes has remained strong, reaching its highest level since February 2022. Despite the impact of higher mortgage rates,…
Mortgage Rates Reach Highest Level Since October 2022
The U.S. economy continues to display resilience as mortgage rates surge for the third consecutive week, reaching their highest point in nearly a year. This rise has led to decreased…
The Federal Reserve’s New Outlook on Monetary Policy
The Federal Reserve has taken a different approach when it comes to providing guidance on monetary policy. They are now acknowledging that the state of the U.S. economy is uncertain,…
Housing Market Shows Signs of Recovery
The U.S. housing market is finally showing signs of recovery, with the number of houses going under contract increasing in June after four consecutive months of decline, according to a…
Rent Prices Stabilize as Rental Market Adjusts
Rent prices, which experienced a rapid surge during the pandemic, have now settled down due to increased options in the market and decreased demand. This trend is expected to persist…