Real estate

• November home sales struggle as supply stalls - Existing home sales edged slightly higher as prices continued to rise and supply dropped. The higher end of the market is performing better.
• US Core CPI Eases in November to Slowest Pace Since 2021 - Underlying US inflation rose from a year earlier at the slowest pace since early 2021 in November. The core consumer price index increased 2.6%, compared with a 3% annual advance two months earlier, while the overall CPI climbed 2.7% in Nov
• Mortgage rates move higher after the Fed rate cut, causing loan demand to drop - Mortgage rates moved higher after the Fed cut interest rates last week. That caused demand to drop for both home buying and refinancing.
• Zillow shares are getting crushed. Here's why - Zillow shares fell more than 11% on Monday as investors grew concerned that Google could be testing real estate listings on its search page.
• Police Release Surveillance Video of Brown University Shooting Suspect - Brown University's student body president said the building where the shooting took place is a hub of student activity, filled classrooms and labs. The FBI is investigating the shooting, which took place during the final-exam period.
• Homeowners are losing thousands in equity thanks to weakening prices - Weaker prices mean homeowners are starting to lose equity after several years of huge gains.
• Home prices go negative for the first time in over 2 years — and may stay that way for a while - Home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates moved sharply higher.
• Refinance demand for FHA loans jumps 24%, as homeowners seek the most savings they can - Current homeowners are turning to government FHA loans, which offer lower interest rates, to find savings, as conventional rates turn higher.
• Commercial real estate deal volume drops for the first time in nearly two years - Commercial real estate has had a rough year after gaining momentum coming out of the pandemic.
• Famous landlord selling all his properties over ‘failed California policies.’ Build wealth without ‘endless bureaucracy’ - “I have just had enough."