I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now

I'm the chief economist for a $5 billion real estate data and title company.  Here are 5 things you need to know about the housing market now

Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – … Read more

I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now

I'm the chief economist for a $5 billion real estate data and title company.  Here are 5 things you need to know about the housing market now

Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – … Read more

6 of the 10 US housing markets most vulnerable to a downturn are in this state

6 of the 10 US housing markets most vulnerable to a downturn are in this state

Some real estate markets are more vulnerable to a downturn than others. Getty Images Six of the 10 counties most vulnerable to a downturn are in New Jersey, according to a Special Housing Risk Report — which looked at the highest concentrations of the most at-risk markets in the first quarter of 2022 — released … Read more

‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed.

'Peak inflation is not here yet': Rents continue to rise, putting pressure on would-be homebuyers.  That's bad news for the Fed.

Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to rent longer, opting to wait it out until prices normalize. But rents are also increasing, helped along by a housing-supply shortage that’s hiking the cost … Read more

The Fed’s Minutes Are Hawkish. They Also May Be Out of Date.

The Fed's Minutes Are Hawkish.  They Also May Be Out of Date.

Text size Federal Reserve Chairman Jerome Powell in June 2022. Kevin Dietsch/Getty Images Minutes from the Federal Reserve’s June 14-15 meeting reveal central bankers’ growing anxiety over inflation and plans to adopt a restrictive policy stance in order to cool rapidly rising prices. The minutes read hawkish. Major stock indexes, however, rose after the release … Read more

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now

I'm the director of forecasting for the National Association of Realtors.  Here are 6 things you should know about the housing market now

As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise … Read more

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now

I'm the director of forecasting for the National Association of Realtors.  Here are 6 things you should know about the housing market now

As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise … Read more

Here’s how much your Social Security check is likely to go up next year

Here's how much your Social Security check is likely to go up next year

Good news — sort of. If you’re retired or just about to retire, next year’s Social Security checks are likely to see one of the biggest bumps on record as a result of surging consumer prices. The average beneficiary may be in line to get as much as $180 more a month starting next January, … Read more

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, +0.45% was up … Read more

US stocks turn lower after weak consumer-confidence reading

Stagflation, reflation, soft landing or a slump --- what Wall Street expects in the second half of 2022

US stocks gave up early gains to turn lower Tuesday after a consumer-confidence reading came in weaker than expected. What’s happening The Dow Jones Industrial Average DJIA, -0.69% was down 185 points, or 0.6%, at 31,253. The S&P 500 SPX, -1.07% fell 38 points, or 1%, to 3,862. The Nasdaq Composite COMP, -1.85% dropped 202 … Read more