‘Prices may dip’ in some markets: 5 economists and real estate pros on what to expect from this ‘in transition’ housing market

‘Prices may dip’ in some markets: 5 economists and real estate pros on what to expect from this ‘in transition’ housing market

What’s going on with the housing market now? Getty Images Though mortgage interest rates have been slowly ticking up — with some pros saying we may see more of that (you can see the lowest mortgage rates you can get here) — summertime homebuyers have likely noticed that housing price growth doesn’t seem to be … Read more

‘Prices may dip’ in some markets: 5 economists and real estate pros on what to expect from this ‘in transition’ housing market

‘Prices may dip’ in some markets: 5 economists and real estate pros on what to expect from this ‘in transition’ housing market

What’s going on with the housing market now? Getty Images Though mortgage interest rates have been slowly ticking up — with some pros saying we may see more of that (you can see the lowest mortgage rates you can get here) — summertime homebuyers have likely noticed that housing price growth doesn’t seem to be … Read more

Are markets underestimating how far the Fed must go to tame inflation?

Are markets underestimating how far the Fed must go to tame inflation?

The Federal Reserve isn’t even four months into its latest interest-rate-hiking cycle, and yet investors are already pricing in rate cuts as soon as next year, the latest sign that the market is bracing — or perhaps rather hoping — for a swift return to the easy-money monetary policy that helped drive the roaring stock … Read more

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. The direction of stocks going forward will be mostly tied to second-quarter earnings as interest rate hikes and surging inflation reflect the growth slowdown more … Read more

ARMs are making a comeback—are they too risky for hopeful homebuyers?

ARMs are making a comeback—are they too risky for hopeful homebuyers?

Adjustable-rate mortgages suffered a tarnished reputation after the 2008 financial crisis. They faded away and lurked on the fringes of the mortgage market for years. But as home buyers grapple today with skyrocketing prices and interest rates, ARMs are making a comeback. And that’s totally not a bad thing. ARMs are appealing because they start … Read more

With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat

With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat

Dr Copper has graded the global economy, and noted: “must do better.” The red metal is wryly considered by commodity watchers to hold a Ph.D in economics, because its use in a range of sectors, including home appliances, power generation and cars, helps it predict the trajectory of global growth. So, copper’s price initial drop … Read more

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. Employees: The company faces one of the “worst downturns that we’ve seen in recent history” that will necessitate a scaling back in hires and resources. The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META, -0.76% 77,800 workers, … Read more

Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’

Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’

Blink and you’ll miss market-missive tweets doled out sparingly from Michael Burry, the investor who rose to fame after correctly predicting the collapse of the US market. In his latest now-you-see-it-now-you-don’t tweet, the founder of Scion Asset Management appeared to be flagging that markets may be halfway through the recent selloff, following a bleak first … Read more

Recession fears are slamming the stock market. This GDP tracker explains why.

Recession fears are slamming the stock market.  This GDP tracker explains why.

Fears of a sharp slowdown are getting the blame for the stock market’s renewed slide while also driving a retreat in Treasury yields. A look at a regional Fed bank’s closely followed economic-growth indicator may justify investor jitters, said a top Wall Street researcher. The Federal Reserve Bank of Atlanta’s GDPNow model on Friday forecast … Read more

UK economy teetering on the edge of recession, says Goldman Sachs

UK economy teetering on the edge of recession, says Goldman Sachs

The UK is teetering on the edge of recession, say economists at Goldman Sachs, as inflation-battered Britons curtail spending and the Bank of England raises interest rates. The bank’s economists Steffan Ball and Ibrahim Quadri forecast a 0.7% contraction for the second quarter and a 0.1% increase for the third quarter. (GDP data in the … Read more