Job growth continues to decline as Fed eyes another rate hike
Employment increased by 187,000 jobs in July, indicating a slower increase from last month. But despite a slowing in job growth and inflation, the Fed may keep raising interest rates this year.
Airbnb profit jumps, bookings slow as company nudges hosts to lower prices
Airbnb's profit jumped more than 70% to $650 million, compared with a year ago as prices remained high. Airbnb has been trying to nudge hosts to lower prices.
Looking for today's lowest mortgage rate? Try 15-year terms | August 4, 2023
Borrowers should act fast to lock in their preferred term, as interest rates are rapidly rising.
US to see low unemployment 'for a long time': Joel Shulman
ERShares CEO Joel Shulman reacts to Apple and Amazon's market performance and earnings and previews the July jobs report.
Rising home construction could bring relief to homebuyer struggles
America's housing shortage is coming to an end. There's been a rise in home construction this year, and builders expect that trend to continue.
Mortgage rates edge higher to nearly 7%
Mortgage rates increased again this week, with the average rate on the benchmark 30-year fixed mortgage climbing to 6.90%. The average rate on 15-year fixed mortgages rose to 6.25%.
Mortgage rates inch toward new high and home prices rising too: Freddie Mac
The average 30-year fixed-rate mortgage increased to 6.9% for the week ending August 3, according to Freddie Mac's latest Primary Mortgage Market Survey.
Today's lowest mortgage rate? 10-year terms at 6.125% | August 3, 2023
Check out the mortgage rates for August 3, 2023, which are mixed from yesterday.
Rents decline in June though prices remain high
Realtor.com reported that rents in June declined for the second consecutive month. However, prices are still well above what they were during pre-pandemic times.
VICI invests $150M in Canyon Ranch to expand resort portfolio
VICI Properties CEO Edward Pitoniak discusses his partnership with Canyon Ranch and how inflation is impacting the Las Vegas gaming industry on 'The Claman Countdown.'
Want today's lowest mortgage rate? Try today's shorter terms | August 2, 2023
Check out the mortgage purchase rates for August 2, 2023, which are mixed from yesterday.
Florida's expensive real estate market could push homebuyers to Iowa: Suzanne Miller
Empire State Properties President and founder Suzanne Miller discusses whether housing prices have bottomed on 'The Big Money Show.'
What's today's lowest mortgage rate? 10-year terms at 5.875% | August 1, 2023
Check out the mortgage rates for August 1, 2023, which are largely unchanged from yesterday.
Looking for today's lowest mortgage rate? Try 10-year terms at 5.875% | July 31, 2023
Check out the mortgage rates for July 31, 2023, which are largely unchanged from Friday.
Homeownership remains out of reach for many Americans, survey says
Only 53% of U.S. adults believe they will own a home one day, a recent survey from Divvy Homes said. Here's how many Americans said they could afford to buy a home amid high house prices and interest rates.
First time homebuyers have to make 13% more compared to a year ago: report
Purchasing a home for the first time will require those hoping to do so to have higher earnings compared to last year, Redfin said in a report released Friday.
Chicago considers controversial tax hike on property sales over $1M to fund homeless housing
Chicago's City Council is considering raising the tax rate on real estate for properties worth more than $1 million to fund housing units for homeless people.
Today's lowest mortgage rate? 10-year terms at 5.875% | July 28, 2023
Check out the mortgage rates for July 28, 2023, which are mixed from yesterday.
Mortgage rates increase as home price growth slows
The average 30-year fixed-rate mortgage rate was 6.81% for the week ending July 27, 2023, Freddie Mac reported. That’s an increase from last week’s 6.78% rate. The news comes following the Fed’s decision to increase interest rates again to slow inflation.
Home prices see sharpest rise since November even with lackluster demand
Home prices climbed in recent weeks and faced their sharpest increase since November, according to Redfin. This comes despite lackluster buyer demand.