In a bold move, the Federal Reserve slashed its benchmark interest rate by 50 basis points on Wednesday, bringing it to a new range of 4.75%-5%. This marks the first rate cut since March 2020, signaling a significant shift in the central bank’s strategy to provide relief from elevated borrowing costs.This decision, which lowers rates […]
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Overview of the Lawsuit: A recent lawsuit targeting the National Association of Realtors® (NAR) and other major real estate firms has reshaped how real estate agents are compensated. The lawsuit challenged practices around commission structures, leading to new rules that impact how agents are paid when properties are sold. If you’re a home seller or […]
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The Tidal Wave of Institutional Home Buying: A Glimpse into the Future If you seek evidence of a financial system favoring the wealthy and disempowering the average citizen, look no further than the residential real estate market. A startling prediction by MetLife Investment Management indicates that by 2030, institutional investors might control 40% of U.S. […]
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Officials are struggling to grasp an economy and job market that, while slowing, continues to perform well amidst escalating prices and interest rates. Although inflation is decelerating, it could be more swiftly than desired by policymakers. Goldman Sachs believes these trends present an ideal situation, allowing the Fed to stop its rate hikes and thus evade a recession, […]
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When you think of artificial intelligence (AI), you probably don’t think of AI in real estate. After all, real estate has traditionally been a slow industry to innovate as most transactions are still done through traditional brokers and independent landlords, even as real estate investment trusts (REITs) are the big players. However, like much of […]
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