Whee! August has never been so thrilling. This week, we’ll ride the financial roller-coaster into Friday, when we get the most important jobs report of all time. Fortunately, the sun is shining somewhere, Google says. In Florida, this mansion ain’t big enough for the both of us! Serena and Venus are getting their own crash pads.
The Fed Speaks and the Housing Market Braces for Friday's Jobs Report Read More »
Mortgage rates are holding near historic lows going into the Super Bowl of Fed meetings. Despite the week’s market turmoil, the U.S. economy is steady, home prices are rising and houses are selling.
Mortgage Rate Watch: No Bad News Here Read More »
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 their limit on prices and showing less interest in hot home listings. So why does the market feel like it’s cooling so much when the numbers are still pretty strong for September?
Redfin July Forecasts Hit the Mark as Housing Demand Cools for Fourth Consecutive Month Read More »
Ouch. Last week, Redfin’s Market Tracker showed a huge jump in home sales and healthy increase in prices for July. Good good. But that was then, this is now, and all bets are off as investors load for bear. To see what the future holds for housing, watch this space. Tomorrow, the Redfin Demand Index will forecast September home prices and sales. Also: Pandas.
Will The Stock Market Correction Hurt Housing? Read More »
Today we go on mortgage rate watch. We’re a month from the Federal Reserve’s next meeting, where they might decide to raise interest rates for the first time since 2006. Between now and then, let’s check in every week to see what mortgage rates are doing.
Mortgage Rate Watch: Does the Fed Matter? Read More »
Home sales remained strong with an increase of 13.4 percent over last July, and price growth jumped to 5.8 percent year over year, up from 4.6 percent in June.
Home Sales Up 13.4% in July as Supply Hovers Near Record Lows Read More »