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 U.S. presidential election is a pivotal event with wide-ranging implications for the nation’s political landscape and economic environment. One sector that often sparks interest during election periods is the housing market. Many prospective homebuyers and sellers wonder how the outcome of an election might influence housing prices, sales, and mortgage rates. While the impact […]
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With the Federal Reserve set to release its latest policy statement on Wednesday, inflation-weary consumers are eager to know when the central bank might start lowering its benchmark interest rate, offering relief from high borrowing costs. Unfortunately for consumers, the Fed is widely expected to keep rates steady amid persistently high inflation, which remains more […]
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The current year has ushered in significant changes in the ever-dynamic housing landscape of the Peninsula, setting the stage for an increasingly competitive market environment. The Peninsula, renowned for its desirable location and thriving tech industry, is witnessing a fascinating evolution in its real estate dynamics, characterized by robust buyer activity, a surge in inventory, […]
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In a move keenly anticipated by markets worldwide, the Federal Reserve made a critical announcement on March 20, 2024. The Fed has chosen to leave interest rates unchanged for the fifth consecutive meeting. This decision underscores a cautious approach toward monetary policy amidst an economic landscape of challenges and opportunities. Here’s a deeper dive into […]
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Recent statistics reveal that in Mountain View, Sunnyvale, and Cupertino, located in Santa Clara County, homes sell for up to 20% above their listed prices, highlighting these areas as some of the most dynamic markets. This trend and an increase in home listings since January suggest a positive outlook for Silicon Valley’s real estate sector […]
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The January 2024 Consumer Price Index (CPI) update presented a surprising development in the U.S. inflation saga, underscoring its ongoing challenge to economic stability. Contrary to the anticipated decrease in inflation rates, the Bureau of Labor Statistics disclosed a 0.3% monthly climb in consumer prices, leading to a 3.1% increase annually. This continued inflation, especially […]
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San Francisco: A Global Powerhouse of Innovation and Connectivity San Francisco more than just a picturesque city with its iconic Golden Gate Bridge, is a living story of resilience, innovation, and inclusivity. These qualities are the city’s hallmarks and align perfectly with the core themes of this year’s Asia-Pacific Economic Cooperation (APEC). San Francisco’s Economic […]
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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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