January 2026

Will banning institutional investors make homes more affordable?

Housing professionals across the country raised their eyebrows earlier this week when President Donald Trump said he would look to stop large institutional investors from buying homes, citing increased affordability pressures on the typical American consumer. Cotality principal economist Thom Malone has long studied the impacts that real estate investors of all sizes have on […]

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Modest jobs gains in December signal even cooler labor market

The U.S. labor market continues to slow with the economy adding just 50,000 nonfarm payroll jobs in December, according to data released Friday by the U.S. Bureau of Labor Statistics (BLS).  In addition to the modest jobs gain, the November jobs number was revised downward to 56,000, which is 8,000 below the previous estimate. The

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Rates Plummet to 3 Year Lows, But There Are Caveats

On a week where the mortgage market was most likely to experience volatility due to Friday’s jobs report, Thursday afternoon’s surprise announcement of $200bln in GSE MBS (mortgage-backed securities) buying stole the show. This was already juicing the underlying MBS market yesterday afternoon, but traders took the surge to the next level this morning. This

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