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News
The housing market’s summer slumber intensifies as rates rise
1+ hour, 44+ min ago (530+ words) The highest mortgage rates of the year are hitting at a time when home sales are already starting their seasonal slowdown, further suppressing activity. With many Americans thinking more about vacations than homebuying, the summer real estate market tends to…...
‘The Fed’s on the case,’ Chair Warsh says as rate pause holds
1+ day, 29+ min ago (649+ words) The FOMC voted 9-3 to keep rates in the 3.5% to 3.75% range. The central bank has not adjusted short-term interest rates since its December 2025 meeting. The Federal Reserve decided against adjusting short-term interest rates at its July 28-29 meeting, with current levels set…...
Who is the housing market really failing?
3+ day, 16+ hour ago (678+ words) The industry's most urgent crisis isn't playing out in the seller's column — it's unfolding in the generation that hasn't bought a single home yet. A recent Gallup poll found that nearly 9 in 10 Americans now believe buying a home is harder…...
Surging oil prices, T-bonds push mortgage rates closer to 7%
1+ week, 44+ min ago (578+ words) The Iran war escalation is spooking financial markets and raising inflation concerns. And next week’s Fed meeting isn’t likely to “signal any immediate relief.” It appears that homebuyers could, once again, be dealing with 7% mortgage rates in the near future…...
New KW leaders given clear mandate: Accelerate growth
1+ week, 2+ hour ago (481+ words) The franchisor has added four new roles focused on performance, agent attraction and commercial growth to “create more opportunity for entrepreneurs to thrive.” Just two days after longtime Keller Williams executive Jay Papasan publicized his decision to step down as…...
Purchasing power is up, but that’s not helping homebuyers
1+ week, 1+ day ago (441+ words) A report comparing the cost of living in 1974 to 2024 shows that rent burdens are relatively lighter today, but home prices have outpaced gains in buying power. What seems like a simple question — which generations have been hit harder by the…...
High rates, home prices to blame for ‘tepid housing market’
2+ week, 35+ min ago (553+ words) Mortgage rates climbed to a 10-month high this week as falling pending home sales already point to a slow summer housing market. Mortgage rates hit their highest levels since August this week, but a lower-than-expected inflation report and improving affordability…...
Market instability ‘putting a damper on sales’
3+ week, 17+ min ago (597+ words) Existing home sales fell in June, cutting short the momentum seen a month earlier. Consumer caution — and elevated mortgage rates — are likely culprits. Sales momentum slowed last month, closing the chapter on a spring homebuying season that never fully found…...
‘Worst of the pain’ may be over for stalled housing market
1+ mon, 5+ day ago (541+ words) Though pending home sales continue to stay ahead of last year’s pace, elevated rates and rising inflation are sapping momentum heading into the summer months. The housing market appears to be settling into a groove where consumer activity is not…...
A ‘lasting’ US-Iran deal could ‘help bring mortgage rates down’
1+ mon, 1+ week ago (561+ words) With the Strait of Hormuz starting to reopen, oil prices have dropped — and mortgage rates are beginning to tick down amid hopes for easing inflation. The reopening of the Strait of Hormuz sent oil prices down — and both bonds and…...