From Our Economists
How You Can Protect Your Home From Climate Change
Originally published to Forbes on July 24, 2023. Climate change is not a distant threat, but a present danger that is already wreaking havoc on our
September Fed Rate Hike is Hard to Imagine After Another Month of Good Inflation News
This morning’s report on consumer prices came in exactly in line with expectations: The consumer price index (CPI) rose 0.2% month over month in July
Why Are So Many Luxury Condos Built In Cities That Face An Affordable Housing Crisis?
Originally published to Forbes on May 30, 2023. Despite a lack of affordable housing, many American cities have seen a paradoxical proliferation of new luxury
A Debt-Ceiling Crisis Would Hit the Housing Market Like a Hurricane
Originally published to Forbes on May 18, 2023. Natural disasters like hurricanes and snowstorms tend to temporarily halt housing market activity in affected areas. If
Redfin Economist Q&A: Tips For Homebuying & Selling As Mortgage Rates Remain Elevated
Many homebuyers and sellers have backed off as persistent inflation and mixed economic signals send mortgage rates up. But for people who are moving now,
Redfin Economist Q&A: Advice for People Who Need to Move Now While Housing Costs Remain Near Record Highs
Many prospective buyers and sellers have retreated to the sidelines as mortgage rates near 7% and home prices remain high, sending sales and new listings
Hot Jobs Report Likely to Push Mortgage Rates Up
The stronger-than-expected May jobs report will reverse mortgage-rate declines from the last two weeks. But ultimately, the Fed’s decision about interest rates will be decided
Today’s Inflation Report Should Bring Mortgage Rates Down Slightly, A Relief For Homebuyers
The April CPI report came in just a tad softer than expected, which means mortgage rates should come down slightly and leaves open the possibility
Mortgage Rates Are Likely to Decline Slightly With Soft April Jobs Report
The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024
Today’s Fed Meeting Unlikely to Send Mortgage Rates Up or Down
In their May 1 meeting, the Fed held interest rates steady and didn’t take the possibility of rate cuts later this year off the table.
Hotter-Than-Expected Inflation Report Will Keep Mortgage Rates Higher For Longer
The March inflation report came in hotter than expected, which means the Fed is highly unlikely to cut interest rates in June–and could mean the
Hot Jobs Report Could Cause Fed to Delay Rate Cuts
Employment growth was strong in March, which ultimately means mortgage rates are likely to stay higher for longer. But next week’s inflation data is the
