Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent.
Category: Markets & Economy
Christie’s International Real Estate expands into Curaçao with affiliate
The luxury brand’s Aruba affiliate, Bold Properties, has expanded into the Caribbean island of Curaçao as demand remains strong among buyers and investors in the wake of the pandemic.
Jump in key inflation gauge may delay mortgage rate relief
Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September.
Queens is poised to unseat Brooklyn as hottest NYC borough
A new report from StreetEasy suggests that the World’s Borough will be crowned the hottest borough in New York City after a stellar 2023.
The best time for buyers in Manhattan to pounce? Right now
Manhattan has been experiencing a buyers’ marker since the summer of 2022, a new report argues, but the winds are about to shift.
Chicago landlord, business groups sue to block transfer tax hike
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution.
Falling mortgage rates haven’t sparked homebuyer stampede
Recent decline in rates is “some cause for optimism,” but requests for purchase loans are still down 12 percent from a year ago.
What the biggest names in real estate really thought of 2023
Fourteen of the real estate industry’s biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new year.
How well do you remember 2023’s biggest real estate stories?
Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate’s most eventful years in recent memory.
Keller Williams appoints 2 new executives before year’s end
Texas-based franchisor Keller Williams has tapped longtime mega agents and team leaders Wendi Harrelson and John Clidy to join its executive suite as the new vice president of growth and the new president of KWRI-Owned Regions, according to an announcement Wednesday.