Jobs: Good. Wages: Not so good. Housing: Moody. This week we get news on retail sales, a deep dive into loan modifications and a report on mortgage debt.
Housing Market Feels Greek Jitters; Slow-Motion Economic Recovery Still on Track Read More »
Job growth was decent in June, but wages are still stagnant. While the economy continues to chug along, in all there was no really big positive for the housing market in today’s employment report.
Job Gains are Good for the Housing Market. Anemic Wage Growth, Not So Much Read More »
Half of Americans have credit scores below 713. Thanks to tough rules, that might not be enough to get you a $417,000, government-backed mortgage. But it might get you a $3 million jumbo from JPMorgan Chase.
High-Risk Mortgages: It's All in the Eye of the Beholder Read More »
This week, we get a read on the job market and mortgage giants Fannie Mae and Freddie Mac report on their financial health. Thursday, elephants crowd into a room at Quicken Loans Arena. Maybe the location will inspire them to talk housing, but we’re not holding our breath. Also: Zombies, dragons, Carly Rae Jepsen, fun with maps, and that #$%@ high rent.
The Housing Market Slowdown in 5 Easy Charts, And Why It Might Be a Good Thing Read More »
While it’s rarely a good idea to put much stock in a single piece of economic data, the trend in new home sales has been disappointing for a while. Builders simply aren’t constructing enough houses accommodate population growth. It’s one factor of many contributing to the rapid rise in housing costs.
Where Will Everybody Live? New Homes Aren’t Keeping Up Read More »
Today we debut the Redfin Housing Demand Index, the industry’s first and only measure of homebuyer activity prior to purchase.
Welcome to the First-Ever Redfin Housing Demand Index Read More »
