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The Housing Market May Be Cooling Down, According to a Redfin Study
A recent Redfin study suggests that the housing market may be cooling down. According to the study, almost one in five home sellers dropped...
Rocket Mortgage to Reduce Workforce, Signaling Tougher Times Ahead for Mortgage Industry
The country’s largest lender, Rocket Mortgage, recently announced plans to reduce its workforce. Representatives from the company decided to offer voluntary buyouts to 8%...
Blend Labs Lays Off Significant Workforce
A New York-based digital mortgage lender, Blend Labs, laid off 10% of its workers due to the changing climate of the housing market, and...
Most Americans Still View Their Mortgage Payments as Affordable, Fannie Mae Finds
A recent post from two Fannie Mae researchers revealed interesting findings on consumers' housing preferences and beliefs about housing affordability in 2021. In the...
Market Update: April 20, 2022. Twitter, Taxes and More
Given the intensity of many of the ongoing economic stories we’ve discussed in this column, it appears last week was surprisingly stable. A quick...
Economic Update: Continued Uncertainty with Some Signs of Hope
Since the beginning of the COVID-19 outbreak, global markets have become increasingly volatile. But even with the virus becoming much more under control in...
Pending Home Sales Continue to Decline in February
According to the latest National Association of Realtors Pending Home Sale Index, pending home sales declined 4.1% in February from the previous month and...
Market Experiences Slight Bounce Back—But Uncertainty Remains
The global economy is still experiencing quite a bit of stress, including stresses extending back to the original waves of COVID-19 and new stresses...
Fed Raises Interest Rates as Inflation Continues to Heat Up
The Federal Reserve on Wednesday raised interest rates for the first time since 2018, with a 0.25% uptick. The Fed’s policymakers also projected an...
What to expect after Jerome Powell’s testimony?
Inflation is here to stay, at least for a while, and policymakers are ready to act accordingly. Jerome H. Powell, who was recently renominated...