Consumer prices rose 0.4% in August as energy costs jumped and shelter inflation accelerated. For a housing market already dealing with mortgage rates around 7%, the bond market’s reaction may be the bigger story. Homebuyers looking for relief from mortgage rates...
President Trump has opened his first assault on the Federal Reserve under the chairmanship of Kevin Warsh by threatening to stop trade with some countries if the central bank refuses to lower rates. In a post on Truth Social, the president hailed a...
We spend a lot of time in mortgage lending talking about income. How much does the borrower earn? What is the debt-to-income ratio? How much of a monthly payment can the household reasonably carry? What happens to purchasing power when the mortgage rate moves another...
Bigger price tags on smaller homes, the Chicago Bears refuse to commit to a new stadium site, and Dolly Parton’s commercial real estate success. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 24-28. Miss: Shrinkflation...
Federal Reserve Chairman Kevin Warsh delivered a difficult message for the housing industry Friday: The Fed sees the strain in housing, but that weakness is not enough to shift its attention away from inflation. Speaking at the Federal Reserve Bank of Kansas City’s...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
