New Freddie Mac data reveals the 30-year fixed mortgage rate has ticked down to 6.89% this week. Mike Aubrey, executive vice president of the Mike Aubrey Group of Berkshire Hathaway HomeServices PenFed Realty, joins Wealth to discuss broader housing market dynamics. "I think that buyers are starting to see that the rates aren't going away, and if they want to buy a house, they're probably going to have to succumb to what the market's offering right now," he explains to Yahoo Finance. Discussing affordability, Aubrey highlights areas like Tampa and Houston that experienced significant population influxes during the pandemic, driving prices higher. However, with the compression of remote work, he notes these markets are now seeing price corrections. Potential buyers can now find "better deals in terms of price points" in these regions. Conversely, Aubrey predicts continued appreciation for markets like New York, San Jose, Washington DC, and Boston. Watch the full video for Aubrey's views on what potential Trump administration policies could alleviate housing affordability pressures. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
The US economy added 143,000 jobs in January, below economist forecasts expecting 175,000. The construction sector contributed 4,000 jobs in the monthly data, a significant decline from the 13,000 jobs added in December. Yahoo Finance housing reporter Dani Romero delves into the details influencing the construction industry's hiring slowdown. Also catch Yahoo Finance's coverage of which industries saw the biggest employment gains and losses in January. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
Industry experts weigh in on Trump Media & Technology Group's unconventional approach to introducing conservative-focused investment products.
The Mortgage Bankers Association's latest data reveals a 4% decline in home purchase mortgage applications for the week ending January 31 compared to the previous week. Yahoo Finance Reporter Dani Romero examines the factors pressuring housing demand, current supply challenges, rental growth trends, and the ongoing impact of high mortgage rates on home affordability. To watch more expert insights and analysis on the latest market action, check out more "Wealth" here. This post was written by Angel Smith
The Pacer PE/VC ETF is the second ETF in a week to bring private assets to retail investors.
Gold rallies to new all-time highs amid the rush to safe-haven demand. Will the trend continue?
The gold bullion is hovering around a record high. Why should you bet on gold ETFs now?
In today's segment of Good Buy or Goodbye, host Julie Hyman is joined by Mizuho Americas managing director and senior analyst Vikram Malhotra to explore his top picks and potential pitfalls in the real estate investment trust (REIT) sector. Malhotra advises investors to purchase Welltower, Inc. (WELL) — an owner of senior living facilities. Malhorta notes demand continues to accelerate for these types of facilities, calling it "the Silver Tsunami beneficiary" over the next 5 years as the senior population grows. He notes that this growing demand with a lack of supply will create clear pricing power for the developer. Malhotra also points to promising growth and acquisition opportunities in the sector. Meanwhile, Malhorta takes a bearish outlook on Rexford Industrial (REXR) — an owner of manufacturing and distribution facilities. He expresses concerns about the company's Southern California market focus, citing challenging supply and demand dynamics. Malhorta also goes on to point out that the potential for redevelopment lease-up is slowing, which could negatively impact both revenue and profitability. Furthermore, Malhotra sees minimal pricing power in the region, making Rexford Industrial a less attractive investment. Catch more of Yahoo Finance's Good Buy or Goodbye by clicking here. And to watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
President Donald Trump has unveiled an aggressive tariff strategy targeting multiple nations: 25% tariffs on Mexico and Canada, 10% on Chinese imports, and 10% on Canadian energy. After talks with US officials, Mexico's President Claudia Sheinbaum announced that the Trump administration will be delaying tariffs on Mexican imports by one month, now starting on March 1. With inflation already straining American household budgets, how could these tariffs further erode consumer spending power? Yahoo Finance reporter Brooke DiPalma explores the implications for American consumers' grocery bills and taxes from this tariff strategy, while also discussing the broader impact on the entirety of the consumer goods industry. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith