Greg Englesbe

As Wall Street hits peak, U.S. home prices show little sign of budging

Signs of slowing inflation sent Wall Street to its highest level in more than a year on Wednesday, boosting Asian stocks along with it as U.S. government data showed promising signs for the economy. The S&P 500 reached its strongest closing level since April 2022, with stocks from Big Tech to utilities rising along with […]

How will the Fed’s pause on rate hikes affect the U.S. housing market?

After 10 consecutive meetings in which the U.S. Federal Reserve raised its benchmark interest rate, this week the central bank decided to hit pause on further increases. The Fed pointed to reassuring data on inflation as the reason for the steadying measure, but indicated that  two more rate hikes are expected before the end of 2023. It’s a welcome […]

Greg Englesbe

Elon Musk claims U.S. housing market will bust, but Redfin CEO fires back

The state of the U.S. housing market in 2023 is all about contingencies. Will inflation be contained by the Fed? Is a recession around the corner? Will a deal get done on the federal debt limit, relieving the pent-up angst that looms over the nation’s economic health? Against this backdrop, residential real estate has largely […]

U.S. debt ceiling default would crush U.S. housing market, economist warns

The prospect of the U.S. government defaulting on its national debt has fueled panic and speculation about the implications of such an unprecedented move in the months ahead. With Democrats and Republicans locked in disagreement over raising the nation’s debt ceiling, some have pegged the dire default scenario to a so-called “X-date”” as early as […]