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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The Election Year Myth: Why Presidential Races Don’t Sway the Real Estate Market As the presidential election looms, discussions about its potential impact on various aspects of life gain momentum. Among these, the real estate market often becomes a focal point of debate. There’s a prevalent belief that elections create uncertainty, leading potential homebuyers to […]
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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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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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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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Mortgage rates have always been a barometer of more significant economic trends, and their fluctuations can reflect a vast web of global events, policies, and sentiments. Interestingly, international conflicts, like the recent outbreak between Israel and Hamas, can unexpectedly ripple through the financial markets. Today, we will delve into how the geopolitical unrest in the […]
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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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