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The real estate market appears to be cooling off a bit. According to a new report from the National Association of Realtors®, fewer homes went under contract in July compared with both June and the same time last year. Pending home sales were down 2.3% nationwide, with…

The latest housing data from the National Association of Realtors® shows that existing-home sales dipped 2.4% nationwide from May to June but were still up 2.8% compared to this time last year. Here in the West, sales slipped a more modest 1.3% from the previous month and…

New Fed Chair Kevin Warsh had his first press conference this week after the FOMC (Federal Open Market Committee) meeting. Not surprisingly he’s indicated that the primary goal will be getting inflation down which means raising interest rates. This is no surprise as the…

Oil prices, inflation fears, and mortgage rates are likely to remain elevated until the US/Iran conflict ends. But even today, mortgage rates are nearly a half a percentage point lower than they were at the same time last year, and many markets are significantly more…