After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years. Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data … Read more
In minutes released this week from the Federal Reserve’s May meeting, central bank policymakers indicated that an interest rate cut isn’t coming anytime soon. Largely because of mixed economic signals and the United States’ changing tariff agenda, officials said they will wait until there’s more clarity about fiscal and trade policy before they will consider lowering rates again. … Read more
A “Sale” sign in front of a home in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty Images The spring housing market continues to struggle amid high interest rates and low consumer confidence. Sales of previously owned homes in April declined 0.5% from March to a seasonally adjusted, annualized … Read more
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields rose after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% on Monday, according to Mortgage … Read more
Ever since the epic run on housing in the first years of the pandemic, fueled by record-low mortgage rates, the market has been plagued by low supply and high prices. Prices in March were 39% higher nationally than they were in March 2019, pre-pandemic, according to the S&P CoreLogic Case-Shiller Index. While prices continue to … Read more
Renting has its benefits. It’s usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That’s why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now. The low turnover is “striking,” according to real estate analyst Alex … Read more
A for sale sign is displayed near a home on April 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Mortgage interest rates dropped for the second straight week, although not by a lot. That was thanks to more negative news on the economy. But despite all that, weekly mortgage demand surged higher by … Read more
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | Reuters Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market. Sales of previously owned homes in March fell 5.9% from February to 4.02 million units … Read more