Is US economic data getting shakier?

🚨 Welcome to the week. This is Mortgage Nuggets - the newsletter that brings you all the best & latest mortgage news. Todays newsletter is a 2.5-minute read.

1. Redfin: 1 in 3 baby boomers say they’ll never sell home

A new Redfin/Ipsos poll shows that about one-third of baby boomers never plan to sell their homes, and another 30% don’t expect to sell within the next decade. The survey included responses from about 4,000 U.S. residents across the country.

• In comparison, 25% of Gen X, and around 20% of Millennials and Gen Z homeowners say they’ll never sell.

This aging-in-place trend is tightening housing supply, especially of family-sized starter homes, making it harder for younger buyers to enter the market. Redfin notes that while boomers’ intentions are firm now, many may eventually sell due to aging and home upkeep challenges.

2. Trump calls Powell 'dumb' and hints at firing him soon

President Trump on Friday floated the possibility of firing Federal Reserve Chair Jerome Powell as part of his latest round of intense criticism of the leader of the central bank over its decision not to lower interest rates.

Trump, in a lengthy post on Truth Social, railed against Powell, labeling him a “numbskull,” “a dumb guy,” “and an obvious Trump Hater.” Trump appointed Powell to the post in 2017.

3. More Nuggets

⚖️ Cryptoscam targets real estate professionals. (NAR)

🚨 Without VASP, veterans don’t have a foreclosure safety net. (HousingWire)

📊 Is US economic data getting shakier? (The Daily Upside)

🤣 Cinnamon Toast Crunch goes cannibal in new horror ads. (Nerdist)

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4. Metros with the largest ROIs on home flips

According to an analysis by ATTOM, in Q1 2025 the median flipped home sold for $325,000, yielding a 25% return on investment and a $65,000 gross profit over the $250,000 median purchase price.

But margins are narrowing: ROI declined from the previous quarter in 45.7% of the 173 metro areas analyzed, and dropped year-over-year in 63% of them. Here’s where home flippers saw the highest and lowest returns among metros with populations over 1M:

5. Compass sues Zillow over private listings policy

Compass has filed an antitrust lawsuit against Zillow challenging a new policy that bans listings not posted to an MLS within one business day of public marketing. Filed in New York, the suit claims Zillow is using its market power to stifle competition and protect its dominance.

• Zillow says the policy, effective June 30, enforces the NAR’s Clear Cooperation Policy.

• Compass argues it unfairly targets its “three-phase marketing plan,” which lets sellers test pricing through office exclusives and “coming soon” listings before hitting the MLS. The firm says 94% of such listings eventually end up on MLS, and currently maintains about 7,000 private exclusives.

Redfin was named a co-conspirator but not a defendant. Critics allege Compass’s model favors double-ending deals, while Zillow and others argue private exclusives erode transparency in the market.

☀️ You’re all caught up. See you on Wednesday!

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