From Our Economists
Fed in Wait-and-See Mode on Hot Inflation Report; Mortgage Rates to Track Oil Prices, Mideast Talks
Takeaway: A slightly hotter than expected CPI report will keep the Fed on hold and may push officials slightly closer to considering hikes. Mortgage rates
Introducing the New & Improved Redfin Data Center
Monthly housing market data is now available sooner New metrics—including home purchase cancellations, price drops, financing trends, and luxury and starter home data—are now available
Mortgage Rates May Swing This Week As Markets Watch Inflation and Iran Developments
This Week In A Nutshell: Rates are likely to stay choppy this week as markets weigh new inflation data on Tuesday against any developments in
Mortgage Rates Likely to Hold Steady After April Jobs Report Shows Stronger Hiring, Softer Wages
Takeaway: A mixed bag April jobs report will keep mortgage rates mostly steady as stronger-than-expected hiring lowers recession risk. But softer wage growth, a small
Redfin Economists’ Weekly Take: Volatile Rates Ahead as Fed Turns Hawkish and Energy Shock Builds
This Week In A Nutshell: Rates are likely to remain volatile this week. Markets are balancing a still-solid economy against the worsening energy shock, a
Fed Holds Rates Steady, But Rare Dissents Signal Cloudy Outlook For Future Path
The Federal Reserve held interest rates steady at its April 29 meeting. Takeaway: Mortgage rates may rise slightly as Jerome Powell’s last Fed meeting as
Today’s Cooler-Than-Expected Inflation Report Will Push Down Mortgage Rates
It’s hot outside, but inflation is cooling. June’s CPI report is good news for the housing market, as it means the Fed is very likely
Climate Experts Explain How to Consider Extreme Weather Threats When Buying a Home This Summer
Redfin’s chief economist and First Street’s head of research give homebuyers advice on how to think about climate disasters, insurance and home values when deciding
Canada Can’t Fix Its Housing Crisis Without a Land Value Tax
This article was co-authored with Floyd Marinescu and was originally published in the Toronto Star on June 22, 2024. Canada faces a housing crisis, with
Soft Jobs Report Increases Chance of Lower Mortgage Rates
Continued cooling in the labor market, as shown in the June jobs report, points to a September rate cut from the Fed as long as
Today’s Fed Meeting May Temper Mortgage-Rate Relief Brought By the Morning’s Cooler-Than-Expected Inflation Data
In their June 12 meeting, the Fed held interest rates steady, and projected one rate cut before the end of the year. Markets had expected
Cooler-Than-Expected Inflation Report Should Bring Homebuyers Some Relief By Pushing Mortgage Rates Down
The May inflation report shows that inflation is continuing to cool, which could be the nudge the Fed needs to set the stage for impending
