With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower. Elevated interest rates…
"September 4, 2024" Archives
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Mortgage rates remain relatively high and existing-home inventory is low as a result. That’s providing a golden opportunity for homebuilders. The National Association of Home Builders (NAHB) reported Tuesday that its Home Building Geography Index (HBGI) showed growth in the number of building permits during the second quarter of 2024 in every region of the…
WAV Group is seeking feedback from agents on the fate of the policy in a new survey ahead of the National Association of Realtors’ Emerging Issues Advisory Board committee meeting Sept. 12-13.
Murdoch’s Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK’s largest real estate portal.