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U.S. Pending Home Sales, New Listings Show Flickers of Life to Start August
The housing market is gaining slight momentum as the summer winds down, but demand remains subdued overall. U.S. pending home sales edged up 0.4% week over week during the four weeks ending August 9 on a seasonally adjusted basis, offering a small boost to this summer’s sluggish housing market. Mortgage-purchase applications rose 3% week over…
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The Number of U.S. Homebuyers Just Dropped to a Record Low, Shifting the Market Further in Buyers’ Favor
Sellers outnumbered buyers by 51% in July—just shy of December’s record high—giving buyers more negotiating power. The number of buyers in the market fell to a record low of about 967,000 amid historically high housing costs, almost half a million fewer than the 1,463,000 sellers. Nearly 80% of major U.S. metros are now buyer’s markets,…
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Nashville’s Hottest Neighborhoods of 2026: Inglewood Brings Some Heat to the Cool Summer Market
Inglewood, Spring Hill and Christiana are Nashville’s hottest neighborhoods of 2026. Nashville’s hottest neighborhoods offer buyers relative affordability and value. Home prices are rising in several of Nashville’s hottest neighborhoods, making them stand out in one of the nation’s strongest buyer’s markets. Inglewood is Nashville’s hottest neighborhood of 2026, followed by Spring Hill and Christiana.…
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California tool to encourage low-income rentals may suppress new apartment construction
Inclusionary zoning requires developers of market rate housing to limit rents on units set aside for low-income tenants. But it can backfire.
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New take on mass deportations shows Californians caught in raids — decades apart
America’s largest-ever deportation campaign unfolded 71 years ago, when agents evicted about 1 million people. A new California Museum exhibit draws comparisons to President Trump’s immigration crackdown.
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How San Francisco’s ridiculous housing prices are defining the race to replace Pelosi
As San Francisco Supervisor Connie Chan and Sen. Scott Wiener fight to succeed former House Speaker Nancy Pelosi, their track records on affordable housing could be decisive in the tight race for Congress.
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What connects Californians deported under Trump, Eisenhower
I last visited the California Museum in downtown Sacramento as a chaperone for an elementary school field trip. The kids crowded around a statue of Mickey Mouse for photos and elbowed each other to control an educational video game. This week the museum is taking on a more controversial theme with a special exhibit looking…
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Mortgage Rates to Hold Steady on As-Expected Inflation Report, Dimming Odds of a September Fed Rate Hike
Takeaway: Rates should see little change today following an as-expected inflation report, but a Fed hike in September seems increasingly unlikely. Core inflation came in almost spot on with expectations, thwarting fears that inflation would continue to spike in the absence of an agreement with Iran. Core inflation in July came in at 0.22% month…
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Corte Suprema de California dictamina que municipalidades no pueden añadir obstáculos a devoluciones de impuestos
El Tribunal Supremo de California dictaminó que las ciudades no pueden obligar a los contribuyentes a completar trámites adicionales, lo que supone una victoria para Marathon Petroleum en su batalla fiscal con Carson.
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Home Sales Drop to Lowest Level in Nearly 2 Years, With Texas and Seattle Driving Decline
Near-record home prices, elevated mortgage rates and economic instability drove down U.S. home sales in July. Homebuying demand fell most sharply in Texas and Seattle. In Seattle, high prices and tech sector layoffs are discouraging prospective buyers. Some places are bucking the national trend. Home sales are growing fastest in West Palm Beach and San…
