GREENWAY BLOG

10 July 2026

MarketMinute | Existing home sales rise as home prices reach an all-time high

  Last month's Fed meeting minutes showed growing concern among Fed members over inflation, though labor market worries waned. Unease over the state of the ceasefire with Iran and shipping in the Strait of Hormuz pushed oil prices higher. Weekly jobless claims ticked down to 215K, lower than expected, indicating labor market stability despite slow job growth in June.       June existing home sales were 2.8% higher than a year ago as home prices reached an...

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26 June 2026

MarketMinute | Homeowners tapped more equity as home prices rose

  The economy grew at an annualized 2.1% pace in the 1st quarter, faster than previously estimated. Consumer spending rose 0.5%. The PCE price index, the Fed's favored inflation gauge, rose 4.1% year over year in May, the most since April 2023. Initial jobless claims fell last week in a sign of ongoing resilience for the labor market, though continuing claims crept up to 1.82 million.       The rate of new home sales fell 7.3% to a 4-month low...

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19 June 2026

MarketMinute | The Fed left rates unchanged and oil prices fell

  The Fed left its policy rate unchanged at its June meeting but signaled rate hikes may come later this year to tame inflation. Retail sales beat expectations in May. It was the 4th month of solid spending, highlighting the economy's resilience despite high gas prices. Oil prices fell dramatically after Iran and the U.S. signed a memorandum of understanding that opens the Strait of Hormuz to commercial traffic.       Single-family housing starts slipped 1.9%...

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15 June 2026

Who Should You Trust for Home Buying Advice?

  When you're buying a home, you'll likely receive advice from all directions. Friends and family share their experiences, social media offers endless tips, and news headlines provide constant updates about the housing market. While all of these sources can be helpful, it's important to remember that not all home buying advice is created equal. The challenge isn't that people are trying to mislead you. Most advice comes from a genuine desire to help. The issue is that mortgage guidelines, loan programs, and market conditions change frequently, and what was true for one person may not apply to your situation. Here are three common sources of...

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12 June 2026

MarketMinute | Mortgage applications and home sales rise

Consumer inflation was up 4.2% in May from a year earlier, as increased energy prices trickled over into everyday products. Wholesale inflation for May rose at the fastest pace in more than 3 years, also driven by fuel and energy costs. Jobless claims were the highest since February. The increase can be attributed to volatility around school summer breaks and holidays. NAR reports May's existing home sales jumped to the highest level since December. Inventory rose 3.3% for the month, up to 1.55 million units. The median price of an existing home in May was $429,300, a 1.3% increase from the year...

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