President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to repress his messaging.US Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and its hurting America," he told Yahoo Finance Tuesday.Economyread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
President Trump says "I hope we don't" have a war with Iran but it "would not last very long."Politicsread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
Stocks rose on Wednesday as comments from Treasury Secretary Steven Mnuchin lifted expectations of a potential trade deal between China and the U.S.Marketsread more
Presidents Donald Trump and Xi Jinping are scheduled to meet Saturday, the second day of the two-day G-20 summit in Osaka, Japan.Politicsread more
A small group of companies have gotten so big that they are essentially becoming the market, and when they do well, the markets do well.Trader Talk with Bob Pisaniread more
Retailers can't let Amazon have all the sales on Prime Day. Target and eBay are two companies trying to compete.Retailread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Not enough for-sale signs in front yards are driving residential home prices higher, the chief economist at the Mortgage Bankers Association said Tuesday.
Compounding the problem is that Americans' wage growth is being left far behind, according to the MBA's Mike Fratantoni. "We're still seeing home prices increase at twice the rate of income growth," he told CNBC's "Squawk Box."
The stubborn lack of gain in average hourly earnings, seen in last week's release of the latest government employment report, has been well documented. Wages in February grew at a less-than-expected 0.1 percent, representing a 2.6 percent advance on an annualized basis.
Adding insult to injury for homebuyers with stagnated earning power, national home prices rose 6.2 percent annually, according to the latest S&P CoreLogic Case-Shiller's most broad survey. Prices nationally are now 6 percent higher than their 2006 peak before the housing crisis.
"The major constraint in the market right now is the lack of supply," Fratantoni said. "The absolute number of units on the market is near an all-time record low."
Fratantoni said homebuilders are trying to increase their pace of construction but "not fast enough."
Mortgage rates around four-year highs are "a bit of a headwind," Fratantoni said. "[But] tempering demand a little bit is not really going to be a problem" in this real estate market.
This insatiable appetite for housing is happening even before the peak of the millennial generation reaches first-time homebuyer age, Fratantoni said.
"There's just going to be this wave of housing demand hitting the economy over the next four to five years. And we think it's going to bolster steady growth over that time period," he said.
— CNBC's Diana Olick contributed to this report.