According to Freddie Mac, mortgage rates have decreased to the lowest level since May 2023. “This is an encouraging development for the housing market and in particular first-time homebuyers who…

As mortgage rates hold steady, Dana Anderson of Redfin reports that there has been an increase in new listings and home tours. Mortgage-purchase applications are up 3% from a month…

According to a new report from RealPage, apartment rents have remained flat for the past few months as apartment supply hit record levels. Specifically, apartment supply hit a 36-year high…

Robert Dietz of the National Association of Home Builders (NAHB) reports on new home sales, which slowed by 12.2% in November due to high interest rates. Given rates have been…

Dana Anderson of Redfin reports this week that listing consults with its agents have risen significantly since rates began to fall. Redfin economists “expect buyers will take advantage of lower…

Expect rate cuts in 2024, according to experts and the Federal Reserve. Logan Mohtashami of HousingWire comments, “[t]he Federal Reserve played the good grinch for Christmas this year and delivered…

Jeff Cox of CNBC reported on the most recent November inflation data, highlighting that the consumer price index (CPI) increased only 0.1% in November and was up 3.1% year-over-year. Notably,…

According to the latest data from Freddie Mac, the 30-year fixed rate has dropped to 7.22% from a high of 7.79% in October. Source: Freddie Mac (December 2023) Melissa Dittmann…

Fannie Mae released a commentary last week indicating that it expects a recession in 2024, with a rebound coming the following year. The combination of employment gains and a deceleration…