Santa Fe Beautiful Homes | Sotheby's Santa Fe, New Mexico

Real Estate News

Some economists say the four-phase housing market cycle has been consistent for decades. But the current market’s “correction” phase isn’t behaving as expected.

By Dave Gallagher

Key points: The housing market has been stuc...

HousingWire

Despite the decline in payrolls, several broader labor market measures remained relatively stable

The U.S. labor market lost momentum in July, with employers cutting jobs and federal statisticians sharply revising payroll gains from the previous two months lower — signs of a cooling employment picture that could shape the outlo...

Freddie Mac

The 30-year fixed-rate mortgage averaged 6.69% this week. While mortgage rates continue to influence affordability, the housing market is showing signs of adjustment, with listing prices modestly below year-ago levels and for-sale inventory improving from the limited supply seen in recent years.

The 30-year fixed-rate mortgage av...

CALCULATEDRISK

By Bill McBride

Purchase Applications Down Year-over-year

Here are two pieces of weekly data that I follow.

First, here is some timely data from Altos Research on active single-family inventory. This graph shows the seasonal pattern for active single-family inventory since 2015 through last Friday (July 31st).

HousingWire

Housing Market Spotlight: What the national median price isn’t tell you. Nearly one in four U.S. metros showed diverging pricing signals, revealing local market trends the national median can miss.

By Rachel Bader 

The national median list price declined last week.

The median price of newly listed ...