Price Cuts on Homes Reach a 2-Year High: 3 Cities With the Biggest Number of Drops

Illustration by Realtor.com. Source: Getty Images (2)Homebuyers have been waiting years for prices to go down—and finally, there are promising signs that it’s starting to happen.Median home prices fell in July, dipping from $445,000 in June to $439,950 in July, according to a new monthly housing rep

Can mortgage rates go even lower? 

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but

Considering the jobs report, is the Fed risking a recession?

The Federal Reserve won’t pivot on rates until the labor market breaks and it will keep financial conditions as tight as possible until that happens — this has been my theme since 2022. Friday’s jobs report had one number which got people talking about a possible recession: the 4.3% unemployment rat

Luxe Mountain Real Estate Is on the Rise: The Top 3 Towns—With Affordable (and Aspirational) Homes

Realtor.com; Getty Images (4)Luxury real estate conjures up images of penthouses in big cities or beachfront mansions—yet, three of this quarter’s top 10 luxury markets are in mountain communities.The smaller, relatively affordable mountain markets with strong local economies include Pittsfield, MA;