Redfin: Housing Affordability Improved a Bit in 2024

Redfin, Seattle, released an analysis of 2024 affordability trends, finding that there was a slight improvement in housing affordability, although it was still the second-least-affordable year on record.

Quote of the Day

“While the FOMC had indicated that they could slow the pace of rate cuts as we enter 2025, these data make at least a pause in cuts much more likely, which will push mortgage rates higher in the near term.”
–MBA SVP and Chief Economist Mike Fratantoni, discussing Friday’s employment report

Dodge Momentum Index Grows 10% in December

The Dodge Momentum Index, issued by Dodge Construction Network, Boston, grew 10.2% in December, largely due to growth in planning for commercial properties.

Mark Dangelo: A House Built on Data Sands

AI is exposing the troubling state of data within industries. (This article is also available in an AI-generated storytelling format.)