A booming stock market means homebuyers will be more tolerant of high mortgage rates, Compass CEO says

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A for sale sign.
A for sale sign.

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A trusted indicator is fueling recession warnings from Jeremy Grantham and other gurus. What you should know about the Leading Economic Index.

Tech Insider : Economy, Economy
Recession

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New home construction in the US plummeted to a 5-month low in January

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Home construction
Housing starts tumbled in January to a five-month low.

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The fastest-growing city in Texas is a tiny place no one's ever heard of

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Cassidy Moore and her husband Blake.
Cassidy Moore and her husband Blake moved to Josephine, Texas, in 2022.

Courtesy of Cassidy Moore

There's a 'meaningful' chance the Fed's next move is a rate hike, former Treasury Secretary Larry Summers says

Tech Insider : Economy
A photo of Larry Summers
Summers says odds are "meaningful" that the Fed's next rate move is a bump higher.

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The number of home sales per real estate agent is at its lowest level in over a decade

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The number of home sales per real estate agent is at its lowest level in decades
The number of home sales per real estate agent is at its lowest level in decades.

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Investors bought a record 26% of the affordable houses in the US last quarter

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A row of houses on a street.
Investors bought more than a quarter of the affordable homes in the US last quarter, Redfin said.

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Baby boomers are driving the trend of Americans staying in their homes for twice as long as they did 2 decades ago

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Couple in front of a house.
Boomers are unlikely to downsize given the current affordability conditions, Redfin said.

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30-year mortgage rate rises to the highest level in 2 months

Tech Insider : Economy
home sales

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Experts warned of a housing bubble. They were wrong.

Tech Insider : Economy
Illustration of a couple looking at the rising housing market.
A housing bubble implies an impending pop that brings home prices crashing down — but there's no pop in sight. 

Rob Dobi for BI

Almost as soon as home prices began their unprecedented climb in 2020, doomsayers began warning of a looming crisis. The housing market, they claimed, was a bubble destined to burst.

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