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Fed’s Powell Pressed on Housing Crisis Amid Political Pressure to Cut Rates
Federal Reserve Chair Jerome Powell faced intense congressional scrutiny this week over the housing market and his approach to interest rates. Testifying before the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force on Tuesday and before the Senate on Wednesday, Powell was pressed on tariffs, mortgage rates, the housing market and his unwillingness…
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Mortgage Rates Decline, Continue to Hold in Steady Territory
As rates dip a bit more this week, economists point to a several-months-long stretch of little fluctuation and a short-term wait-and-see approach to interest rates by the Fed as an overall combined positive for borrowers as the summer market gets underway. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday,…
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Orlando Realtors and Supra settle case alleging member poaching
The Orlando Regional Realtor Association (ORRA) and the parent company of the lockbox firm informed the court they had agreed to terms.
The Home Equity Conversion Mortgage for Purchase: What Agents Must Know
When you’re talking to a prospective client and the mortgage topic comes up, how well-versed are you? No one needs help understanding a 15- or 30-year-fixed, and most people know about adjustable rates (ARMs). But what if you’re thrown a curveball by an older homeowner wondering whether a reverse mortgage could work for them? Could…
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A decade after Obergefell, Realtors must step up as LGBTQ+ housing discrimination surges
As we celebrate the 10th anniversary of same-sex marriage, Mary Mancera writes, though society is seemingly supportive of the community, discrimination against LGBTQ+ people remains visible.
DOGE-Fueled Federal Job Cuts Impacting Washington, D.C. Housing Market: Bright MLS
Federal workforce cuts under the Trump administration’s Department of Government Efficiency (DOGE) initiative are having a ripple effect on the Washington, D.C., housing market. Nearly 40% of real estate agents said they’re working with clients whose buying or selling decisions are being influenced by federal job losses, according to a new Bright MLS survey released…
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DOGE-Fueled Federal Job Cuts Impacting Washington, D.C., Housing Market: Bright MLS
Federal workforce cuts under the Trump administration’s Department of Government Efficiency (DOGE) initiative are having a ripple effect on the Washington, D.C., housing market. Nearly 40% of real estate agents said they’re working with clients whose buying or selling decisions are being influenced by federal job losses, according to a new Bright MLS survey released…
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Buying Season Shows Signs of Life as Pending Sales Rise
The spring buying season appears to be more active than many had predicted, as both existing-home sales and pending home sales saw a monthly increase, according to the latest National Association of Realtors®’ (NAR) data. NAR’s Pending Home Sales report for May tracked a 1.8% rise in contract signings, also up 1.1% year-over-year. A reversal…
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Rising wages and job growth pushed pending home sales up slightly in May
New numbers from the National Association of Realtors show that pending sales rose 1.1 percent year over year in May.
