The AI Boom Used to Mean More Buyers for Your House. In Seattle and Austin, It Now Means Fewer.

Seattle's pending sales fell 15.6%, the sharpest drop in the country. San Francisco's inventory is down 20%. Same technology, opposite results.

America Is Down to 966,752 Homebuyers — the Fewest Ever Counted. The "Buyer's Market" Headline Gets the Story Backwards.

Sellers outnumber buyers by half a million — not because sellers flooded in, but because buyers walked away. And prices still aren't falling nationally.

The Economy Shed 23,000 Jobs. Nine Days Earlier, Three Fed Officials Voted to Raise Rates — the First Triple Dissent in a Decade.

The hawks dissented on inflation the week before the labor data broke against them. The September 16 meeting now has to pick which half of the mandate is lying.

Homeowners Just Hit a Record $18 Trillion in Equity. Foreclosure Starts Just Hit a Six-Year High. Both Numbers Are in the Same Report.

ICE's August Mortgage Monitor describes two different Americas — and the "14-month high" in price growth propping up the first one is mostly a calendar trick.

$1 Trillion in Commercial Real Estate Debt Comes Due This Year. Banks Just Called Their Own Lending Standards "The Easiest Since 2022."