Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.”
Category: Markets & Economy
For these ‘stranded’ homeowners, no rate cut will coax them to list
Cheap rates on existing loans are holding well-off homeowners in place. But others insist they’re unable to buy at today’s high prices — whether rates come down or not, Intel survey data suggests.
How Trump’s vow to deport millions of immigrants will impact housing
President-elect Donald Trump promised to begin deporting millions of undocumented immigrants on Inauguration Day. Here’s how his plan could disrupt housing starts and reduce affordability.
25 predictions about NAR, CCP, commissions and more for 2025
From Hoby Hanna to Anywhere’s Sue Yannaccone, real estate leaders are cautiously optimistic about the new year, telling Inman the worst of 2024’s tumult may be fading in the rearview mirror.
Fed cuts again, but mortgage rates climb on 2025 inflation worries
Bond market investors are focused on the latest “dot plot,” indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025.
In 2024, VCs focused on ‘quality over quantity’: CRETI
In total, real estate technology entrepreneurs landed $15.1 billion in funds for their ideas on how to improve the industry, according to CRETI’s 2024 Proptech Venture Capital Analysis.
Renters feel less connected to their neighbors than homeowners
Renters are more likely than homeowners to feel disconnected from their neighbors, according to a Redfin-commissioned survey of 894 renters and 805 homeowners aged 18 to 65.
December Fed rate cut seen as a lock — then caution may prevail
The latest Consumer Price Index reading is in line with expectations, but progress in fighting inflation has stalled. Forecasts for a slower pace of easing next year might keep mortgage rates above 6 percent.
Embattled sale-leaseback platform EasyKnock closes its doors
Facing lawsuits and enforcement actions by attorneys general in several states, the company said Thursday it would shut down about two weeks after being sued by Connecticut’s Attorney General.
Latest inflation data ups the odds of a December Fed rate cut
Progress in taming inflation slowed in October, but futures market investors think the latest numbers up the odds of another Federal Reserve rate cut next month.