Consumer

A new study from Microsoft highlights the types of work that generative AI is best able to take over. “Trusted advisor” isn’t one of them.

Growing concerns about the weakening labor market and inflation could impact the Federal Reserve’s next decision on interest rates.

The iBuyer is no longer considering a reverse stock split to regain compliance with Nasdaq price requirements now that its stock has rebounded on its own.

The national median sale price for single-family homes dipped to $410,800 in the second quarter, while the median price of existing homes rose to $429,400.

The latest announcements on trade signal a period of continued uncertainty for builders and the economy. Meanwhile, NAR applauds two federal housing bills.

July’s employment report suggests the labor market has been weakening for some time, which could prompt the Fed to cut rates in September — if inflation eases.

In just three weeks, nearly 200,000 people clicked the new “Get Prequalified” button on Redfin listings, sending new purchase leads to the mortgage giant.

The latest economic and housing data suggests that home sales will continue to plod along at a slow pace as buyers and sellers wait for more certainty.

Despite increasing calls for cuts, Fed Chair Jerome Powell held steady on rates as inflation remains elevated, and he has made “no decisions about September.”

Buyers have more leverage now than in recent years, but economic concerns are making them cautious in their home purchase decisions, two new reports suggest.

A slew of economic data is due out in the coming days. Meanwhile, the Fed will make a decision about interest rates, and the trade deal deadline ends Aug. 1.

While U.S. buyers saw home prices rise year-over-year, those using other currencies are getting discounts, which could spur foreign purchases.

After “a very productive talk,” Trump said he believes the Fed chair is ready to cut interest rates. The president previously pushed for Powell to resign.

The iBuyer’s new Cash Plus program offers sellers an upfront payment and “potential future profits” if resale proceeds exceed acquisition and renovation costs.

Inventory is up and existing home sales have dropped, both variables that could be good news for buyers — but mortgage rates remain stubbornly elevated.

California’s January wildfires ravaged Altadena and the Pacific Palisades, but optimism is helping the communities maintain their spirit.

Redfin data indicates buyers are gaining negotiating power as pending sales cancellations hit the highest level for the month of June since at least 2017.

After sitting below $1 for months, the iBuyer’s stock was up as much as 441% in the past week. The company is also seeking approval for a reverse stock split.

While some sellers seem to be reacting to the shift toward a buyers market, stubbornly high mortgage rates aren’t making the transition easy for buyers.

Lawrence Yun said this week that home sales could still tick up slightly this year, and if mortgage rates hit 6%, next year could see double-digit growth.