Welcome to Yahoo Finance's Morning Brief. It is Friday, February 27th. I'm Julie Heimman.Let's get a check in on stock futures [music] here on this Friday morning. Um we are seeing a little bit of a downdraft here. Um and a little bit more substantial one than we've been seeing in the futures as of late. Right now, Dow futures indicating a drop of more than 500 points at the open.S&P futures off about 8/10en of 1%. NASDAQ futures off about 9/10en of 1%. We did get PPI numbers this morning.Producer prices, w ...

The Canadian housing market started the year in deep freeze https://t.co/RtIhjA2ohq ...

Aspiring homebuyers should find the US housing market slightly more affordable in 2026, even without the benefit of lower mortgage rates https://t.co/FiIO73ETRp ...

these rate cuts that we've seen, is there a chance we're going to see more affordability in the housing market so more people can maybe enjoy that part of wealth creation. I mean, the average age or median age of a first-time home buyer is now 40 years old. That's the highest on record.>> Yeah. So, the housing market faces um some really significant challenges. And uh I don't know that, you know, a 25 basis point decline in the federal funds rate is going to make much of a difference for people.um you know ...

Jerome Powell admitted that the Fed can't fix the housing market.We have to build more housing.Deregulate and build. https://t.co/knxYCbgwUe ...

Market Analysis & Trends - The housing market is not broken, but functioning as designed, rewarding scarcity and disincentivizing mobility [8] - High mortgage rates contribute to scarcity, as approximately 90% of home loans in the United States are under a certain percentage, discouraging movement [9] - 46% year-to-date listings in the United States are coming off the market, not primarily due to price dissatisfaction, but because selling is too expensive [12] - Seasonality and ego (not wanting to miss 2021 COVID prices) also play a role in homes coming off the market, particularly in markets like Miami, Denver, and Houston [13] - Inventory, not rates, will primarily affect pricing [15] Policy & Regulation - The IRS tax code 121 from 1997 allows for a $500,000 deduction in capital gains on a home for married filing jointly, which is outdated considering the median home price in 1997 was $124,000 [10] - The current tax code disincentivizes people from selling homes with large gains, leading to empty nesters staying in large homes [11] - Raising the capital gains exclusion, potentially to $1 million, could incentivize Americans to move [15] Company Strategy & Innovation - Sirant has 1500 agents across 14 major markets nationwide [1] - Sirant has a partnership with T-Mobile to bring "SuperMo" to its AI operating system for salespeople, called "simple" [1][2] - Sirant's founder created a show called "House of Sirant" and chose Netflix over other platforms [6]

Senate Democrats are warning the Trump administration not to cut an arcane but critical function of the Consumer Financial Protection Bureau that underpins the housing market https://t.co/98WuKKqHU0 ...

Market Analysis - The country's housing market has long defied the powerful men on the Politburo [1] - The housing market will not immediately bow to economic fundamentals [1]

I think Melody Wright is horribly wrongHistorically rate cut environments do the opposite to housing prices as it shifts to a buyers marketTrumps nom for fed chair most likely has more cuts than less&& were forecasted to be under 5% interest rates for next year.I’d hammer the opposite side of this take all day.unusual_whales (@unusual_whales):The U.S. housing market is going to face a price correction “worse than 2008,” according to housing analyst Melody Wright, who expects home prices to drop in half as s ...

Governor Martin, good morning. Good morning once again. Thanks for being here. Thanks for having me back.We've got to start with the labor market. Your reflections on what we saw yesterday. Does it lean one way or the other.Yeah, I mean, I think the implications of yesterday were obviously dovish. And if anyone was on the fence, I would hope that this would move them in the direction of cutting. I mean, you saw the unemployment rate edged up a bit.You know, you saw some other indicators like an increase in ...