Analysis and Data

Home Sales Post Rare May Decline: Redfin

Rising mortgage rates cause home sales to fall in May for only the second time on record, while home prices saw the smallest May increase on record.

Analysis and Data
Analysis and Data
U.S. Leading Economic Index Down

The index dropped in April, too.

Analysis and Data
Inflation & High Housing Expenses Affect Even The Wealthiest Americans

36% of U.S. employees earning $100,000 or more per year are living paycheck to paycheck.

Analysis and Data
RE/MAX: Closings In May Down Year-Over-Year as Inventory Grows

Closings in May 2022 were 8.5% lower than May 2021.

Analysis and Data
Bidding Wars For Homes Fall To 15-Month Low

Surging mortgage rates and home prices cited for fourth straight monthly decline in competition among buyers.

Analysis and Data
MBA: Mortgage Applications For New Home Purchases Fell 5% in May

Despite the decline, MBA raised its estimate for the annual rate of single-family home sales for the year, for the first time in 5 months.

Analysis and Data
Redfin: Mortgage Rates Top 2008 Levels As Sellers Lower Their Prices

Redfin says the pool of homebuyers is dwindling as mortgage rates reach a record high.

Analysis and Data
Economists: The Fed’s Rate Hike Could Spark A Recession 

There’s even talk of stagflation hitting the U.S. economy

Analysis and Data
May Saw Fewest Housing Starts Since April 2021

Economist: Decline in housing starts mirrors decline in builder confidence.

Analysis and Data