Housing

Economist Craig Shapiro has been calling for a national housing policy overhaul, as he believes the housing market is “rigged,” amid New York City mayoral candidate Zohran Mamdani‘s ambitious housing reform agenda. What Happened: In a detailed Substack essay and an X thread, the...

Warren Buffett‘s real estate business underscored the need for homeowners to reduce prices as the Home Builder Confidence index fell to a 30-month low in June 2025. What Happened: Berkshire Hathaway Inc.‘s (NYSE:BRK) (NYSE:BRK) Home Services blog highlighted that if the sellers had few...

Zillow Group Inc (NASDAQ:Z) reported first-quarter financial results after the market close on Wednesday. Here’s a rundown of the report. Q1 Revenue: $598 million, versus estimates of $586.54 million Q1 Adjusted EPS: 41 cents, versus estimates of 38 cents Total revenue was up 13% year-...

Home sales fell sharply in March and weekly mortgage applications plunged as high interest rates and economic uncertainty stifled demand as the spring home-buying season got underway.  The Details: Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a...

Mortgage rates spiked to their highest level in nearly two months, with the average 30-year fixed climbing to 7.1% on Friday, according to Mortgage News Daily. The sharp increase — 13 basis points in a single day — wrapped up one of the most turbulent weeks for bonds in decades. What To Know: The...

Housing inflation is finally showing signs of easing, with the Consumer Price Index (CPI) for March posting a 4% year-over-year increase in housing costs — the slowest uptick since November 2021. Yet, buyers still grapple with steep price tags and volatile mortgage rates. Despite this cooling...

President Donald Trump’s tariff announcements led to a sell-off in the stock market and prompted investors to move to safer assets such as Treasury bonds. The 10-year Treasury yield declined and the average 30-year fixed mortgage rate dropped from 6.75% to 6.55% last week.  Mortgage Rates:...

KB Home (NYSE:KBH) reported first-quarter financial results Monday after the bell. Here’s a look at the key metrics from the quarter. Q1 Earnings: KB Home reported first-quarter revenue of $1.39 billion, missing analyst estimates of $1.50 billion. The U.S. homebuilder reported...

President Donald Trump's newly appointed director of the Federal Housing Finance Agency Bill Pulte on Thursday fired the CEO of mortgage giant Freddie Mac (OTC:FMCC) and placed two senior FHFA officials on administrative leave.  The Details: Pulte fired Freddie Mac CEO Diana Reid and placed...

Lennar Corp. (NYSE:LEN) released its first-quarter results after Thursday's closing bell. Here's a look at the details from the report.  The Details: Lennar reported quarterly earnings of $2.14 per share. which beat the analyst consensus estimate of $1.73. Quarterly GAAP revenue came in at $7.63...

Mortgage applications took a sharp 6.2% dive last week as rising interest rates pushed refinance demand lower, according to the latest data from the Mortgage Bankers Association. In a report released Wednesday, the MBA said its Market Composite Index—a key measure of mortgage loan application...

BofA Securities analyst Rafe Jadrosich updated the price forecast for Lennar Corp (NYSE:LEN) to reflect the impact of the weak housing market and the Millrose Properties spin-off. The analyst slashed the price forecast to $130 from $140 while retaining a Neutral rating. Last month, the company...

Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) led by the Oracle of Omaha, Warren Buffett, is in talks to sell its real estate brokerage business to New York-based Compass Real Estate. While some experts view this as his levered bet against the U.S. home prices, others see it as a consolidation in...

Risk assets tumbled as a wave of bearish sentiment gripped markets, with escalating trade tensions, disappointing earnings and signs of economic fragility weighing on investor confidence. President Donald Trump confirmed a 25% tariff on imports from Mexico and Canada, effective March 4, while also...

TopBuild Corp (NYSE:BLD) shares and other construction-related companies are falling as investors react to U.S. tariff concerns that could drive up costs across the industry. What To Know: The new tariffs, imposed by President Donald Trump, include a 25% duty on imports from Mexico (currently...