Economy

The Surprising Impact That Trump’s Tariffs Will Have on Luxury Real Estate

Economy, Politics / By

Published by REALTOR.com | April 10, 2025 The luxury housing market could see a major boost, with the wealthy seeking safer investment opportunities amid economic uncertainty. President Donald Trump’s sweeping new tariffs on imported goods from 60 countries plunged the global stock markets into a state of turmoil, sparking recession fears—but the controversial trade policy …

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Zombie Foreclosures Are on the Rise in 5 States

Economy, Foreclosure / By

Published by REALTOR.com | February 21, 2025 A zombie foreclosure occurs when a homeowner abandons their property after receiving a foreclosure notice, but before ownership of the house is transferred. Zombie foreclosures are popping up across the U.S. as homeowners struggle to make monthly mortgage payments—with rates still hovering close to 7%. There are at …

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Survey: Homeowners Skipping Meals to Make Monthly Payments

Economy, Residential / By

Published by FOX Business | November 18, 2024 Over 20% delayed or skipped medical treatments to afford housing payments The majority of U.S. residents earning less than $50,000 a year are struggling to afford their regular mortgage or rent payments, with some resorting to skipping meals just to make ends meet, according to a Redfin survey. …

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Cost-Of-Living Crisis Kicks Off The Harris-Trump Debate

Economy, Housing Market, Politics / By

Published by FOX Business | September 10, 2024 Inflation and affordable housing loomed large during the Harris-Trump presidential debate Former President Trump and Vice President Harris led off the high-stakes presidential debate Tuesday with a discussion about the cost-of-living crisis and economic challenges Americans are facing. The first faceoff between the two, held in Philadelphia …

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How Other Industries Shape the National Real Estate Market

Economy / By

Published by ThinkRealty | August 19, 2024 Key industries shape the nationwide real estate market, and savvy real estate professionals will make a point to understand the ripple effects. Experienced real estate professionals know firsthand how various industries influence the real estate sector. From technology and finance to construction and environmental sustainability, the interplay between …

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Vance Backs Trump on President Influencing Federal Reserve Decisions

Economy, Interest Rates, Politics / By

Published by Fox Business | August 11, 2024 Vance’s remarks come after former President Trump said the president should ‘have at least [a] say’ over Fed policy moves Former President Trump’s vice presidential nominee Sen. JD Vance, R-Ohio, said on Sunday that he backs Trump’s call for presidents to have a say in the Federal …

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Home Valuations Are Rising Faster Than Incomes. Here’s Why That Could Hurt Homeowners’ Wallets

Economy, Residential / By

Published by CNBC | August 2, 2024 More than 1 in 4 homeowners with mortgages are considered “cost-burdened,” according to a 2023 analysis by the Chamber of Commerce. Record inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for …

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Home Affordability Just Hit Its Lowest Point Since 2007

Economy, Residential / By

Published by REALTOR.com | July 3, 2024 Expenses associated with owning a home—including the mortgage, homeowners insurance, and real estate taxes—now take up 35.1% of a homeowner’s take-home pay Home affordability is at its lowest point since 2007, according to a new report from ATTOM Data Solutions. Expenses associated with owning a home—including the mortgage, …

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BOA: Housing Market To Remain ‘Stuck’ Until At Least 2026

Economy, Housing Market / By

Published by CNBC | June 25, 2024 The housing market is unlikely to recover for several years and affordability won’t get any better unless a recession hits, according to Bank of America economists. In a mostly pessimistic outlook on the sector, the bank sees a variety of factors lining up against both a major improvement …

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