As the numbers of seniors carrying mortgage debt in retirement has increased, so too has the…
Tag: Federal Reserve
President Joe Biden ends 2024 reelection bid, endorses Harris
President Joe Biden announced Sunday that he is stepping out of the race for reelection. This…
Five federal agencies finalize new guidance for ROVs
A coalition of five federal agencies — the Consumer Financial Protection Bureau (CFPB), the Federal Deposit…
Powell: ‘The best thing we can do for housing is to succeed in getting inflation down to 2%’
As expected, Federal Reserve Chairman Jerome Powell did not set a timeline for lowering interest rates…
The Fed is winning its war against the labor market. What does that mean for rates?
From BLS: Total nonfarm payroll employment increased by 206,000 in June, and the unemployment rate changed…
The housing market is better positioned for lower mortgage rates
Weekly housing inventory data While inventory growth this week slowed to 6,803 — well below my…
US job creation moderated in June
Job creation slowed in June, despite continued tight labor market conditions, which economists say is good…
Inflation and Fed day: A crucial moment for the housing market
Before the Fed held its press conference, we got a softer-than-anticipated CPI report, which sent the…
What the new home sales report shows about labor market risk
When single-family permit demand collapsed in 2022, we still had a healthy backlog of homes that…
Higher rates are impacting future housing production
In the chart below, red shows single-family permits and blue shows five-unit permits. There is a…