The Decline In Housing Investment Risks A Recession

Falling housing investment due to the Fed’s interest rate hikes is dragging the economy down and … [+] could help cause a recession. getty The estimated second-quarter Gross Domestic Product (GDP) data released on Thursday shows the US economy teetering on the edge of recession, with an overall inflation-adjusted GDP decline of 0.2%. And if … Read more

Home Prices Finally Cooling Off? Market Slows In April, But Demand Remains High Despite Rising Mortgage Rates

Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year, but could cool by later in 2022 thanks … Read more

Pending Home Sales See Surprise Rebound In May, But Experts Warn Housing Market Is ‘Undergoing A Transition’

Topline A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, to new data from the National Association of Realtors on Monday, though experts warn that higher mortgage rates will continue to weigh on demand . Sales were still down “sizably” from a year ago as … Read more