Courtenay Brown and Neil Irwin of Axios report that while May’s jobs report showed a headline gain of 139,000 payroll jobs, deeper metrics reveal a cooling labor market. Job growth…
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Record 500,000 more sellers than buyers
Lily Katz and Asad Khan of Redfin report that the housing market now has 1.9 million active home listings against just 1.5 million buyers. This is an “unprecedented” 490,041-unit (34%)…
Why new home sales are booming
Sam Goldfarb of the Wall Street Journal writes that Treasury yields keep grinding higher, with the recent $16 billion 20-year auction drawing lukewarm demand and lifting benchmark rates to fresh…
Renter turnover drops to record lows
Orphe Divounguy of Zillow reports that nearly 50% of U.S. renter households are rent-burdened—spending over 30% of their income on rent—with disparities tied closely to race, gender, marital status, and…
2025 Q1 GDP Drops For First Time Since 2022
Claire Jones of the Financial Times reports that GDP dropped 0.3% in Q1 2025—its first contraction since 2022 and a sharp reversal from the prior quarter’s 2.4% growth. This was mainly because businesses rushed to…
Rents still rising in mid-2025, but not everywhere
Apartment List reports in their May 2025 National Rent Report that the national median rent rose 0.5% month-over-month in April to $1,392, while remaining down 0.3% year-over-year. Vacancy rates hit…
Buyers are turning to riskier ARM loans
Diana Olick of CNBC reports that the average 30-year fixed mortgage rate surged 13 basis points to 7.1% on Friday—the highest level since February—driven by volatility in the bond market…
Inflation expectations highest since 1981
Fan-Yu Kuo of the National Association of Home Builders (NAHB) reports that inflation cooled to a six-month low in March, with the Consumer Price Index (CPI) rising 2.4% year-over-year, down…
Elevated recession risk according to experts
Barney Henderson of Newsweek reports that JPMorgan Chase CEO Jamie Dimon has warned that tariff policy risks pushing the U.S. into a recession, fueling inflation, and straining vital international alliances.…
