Consumer

Even though most buyers expect AI use, they want transparency, clarity and human verification of AI-powered real estate processes, a recent survey found.

April employment numbers were better than expected, but for buyers and sellers, “positive momentum matters more than any single month of data,” economists say.

While economic uncertainty persists amid the ongoing war in the Middle East, “the math has shifted in favor of buyers,” according to Zillow’s chief economist.

A recent survey found that many prospective buyers are in possession of incorrect or outdated information. It’s up to agents to set the record straight.

New data shows increases in pending sales, new listings and touring activity — but geopolitical and job market concerns continue to challenge the spring market.

In what may be his final press conference as Fed chair, Jerome Powell urged support for a central bank “free of political influence.”

More than 40% say rates would have to fall below 4% before they’d consider selling, but 10-20% do intend to move in the next five years, two surveys suggest.

Over the past five years, the average payment has jumped 44% — and breached $2,000 per month for the first time late last year, according to Realtor.com data.

Mortgage rates fell again, but economic uncertainty remains a stubborn headwind. A bump in purchase applications may signal a shift — if buyers don’t back out.

Kevin Warsh, who will take over as Federal Reserve chair if confirmed, emphasized his independence as lawmakers pressed him on his loyalty to Trump.

Sellers outnumber buyers nationally, but with mortgage rates and inflation up from February, the “spring housing market is still a bit of a toss-up.”

While business professionals and people in management still have the highest rates of homeownership, service occupations have seen big gains in recent years.

Though mortgage rates are ticking down and home price appreciation has dropped year-over-year, widespread economic uncertainty continues sapping demand.

Only 21% of recent homebuyers were first-timers, according to a new NAR report, with younger millennials accounting for the biggest year-over-year drop.

About 8% of Zillow users search for rental and for-sale listings simultaneously, with the share increasing in many of the country’s priciest metros.

Inflation rose 3.3% in March and consumer confidence has hit a new low. Plus, judge upholds quashed Fed subpoenas; White House pitches $10.7B cuts to HUD; more.

Though the housing market had some momentum earlier this year, economists now say a “fog of uncertainty” has settled over the spring homebuying season.

Rates fell today, but even if the situation in the Middle East improves, it will take time for the U.S. economy — and the housing market — to get back on track.

A new congressional report estimates that there are nearly 60K fewer home construction jobs now than before the president introduced “Liberation Day” tariffs.

Zillow reports an uptick in web traffic for home listings, while ICE finds that today’s market is “better supplied and more balanced than in recent years.”