For the past several years, home sellers have been in the driver’s seat, able to command high prices for homes, often selling quickly and with multiple offers.  Times appear to be changing. According to data recently released by Redfin, nationally there are currently 500,000 more home sellers than homebuyers.  While somewhat surprisingly, this has yet […]

Inflation continues to make progress as the headline Consumer Price Index eased to 2.5% YoY in August from 2.9% in July, reaching its lowest level since February 2021. Core CPI (which removes food and energy prices) held steady at 3.2% YoY due in large part to shelter costs. These crucial readings keep the Fed on […]

Monthly housing payments have dropped to their lowest level in four months, but homebuyers and sellers aren’t yet reacting. In addition to pending home sales falling, new listings posted their smallest increase in three months.  The median U.S. monthly housing payment was $2,667 during the four weeks ending July 28, its lowest level since March. […]