In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet.
Category: Markets & Economy
An anticipated settlement still shocks the real estate industry
Settlement represents “nothing short of a sea change” as the National Association of Realtors agrees to pay $418 million and make sweeping changes.
NAR agrees to settle commission lawsuits for $418M
NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement.
Why inland California housing is so exposed to downturn risk: Report
Data provider Attom tracks the 50 U.S. communities most at risk of further housing decline. Half of them are located in one of three places.
Location, location, location? Price eclipses previous buyer priority
Fifty-six percent of consumers surveyed by Coldwell Banker said that price is the most important factor for them when choosing a home, compared to 50 percent who said location was most important, casting doubt on the seasoned advice that location is everything in homebuying.
US housing market is short 7.2M single-family homes: Realtor.com
The US housing market is short 7.2 million homes, according to Realtor.com’s latest housing market analysis. Nearly 18 million households have been formed over the past decade; however, only 10 million single-family homes were constructed during the same time period.
Brokerages, lenders anticipate big recruitment push in 2024: Triple-I
Approximately 28 percent of brokerage leaders believe “recruiting and retaining talent” will be their most challenging responsibility one year from now, according to results from the Inman Intel Index survey.
Here’s what lies ahead for the spring selling market
Trainer and author Bernice Ross talks to market expert Rick Sharga about red flags and opportunities to be found in the upcoming spring real estate market.
Buyer agents are already cutting commissions: The Download
In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone.
Strength in home prices helped boost Fannie, Freddie 2023 profits
With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift.