Sat.Jun 08, 2024

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How much longer will we have to deal with higher mortgage rates?

Housing Wire

Given last week’s surprising jobs report, how much longer will we have to deal with higher mortgage rates ? The labor data will be the key to answering that question. It’s essential to track the labor data along with inflation because the key to getting lower mortgage rates for longer lies with the labor data more than inflation. That makes this week another one to watch since we will have CPI inflation and the Federal Reserve meeting results on Wednesday.

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Brokerage Beat: News from Onward, United, Side, Corcoran, more

Real Estate News

Parks leaders form new firm; TX indie merges with United; NYC brokerages join Side; Corcoran gains music legend; C21 grows in AL; Chicago duo joins E&V; more.

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Elevate your Inman Connect networking experience this July

Inman

Inman Connect is all about connecting. In fact, we’re famous for it. On this side of event planning, we have one goal in mind: to help the real estate industry connect with each other. Elevate your NOI (network of influence) at Inman Connect Las Vegas. Here's how.

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3 top takeaways from NAR’s updates on steering

Real Estate News

New additions to the National Association of Realtors’ settlement FAQ page reinforce the idea that the client comes first, not the commission.

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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Nine out of 10 Americans agree: May was a bad time to buy a home

Inman

Elevated mortgage rates and home prices are creating challenges for many homebuyers, and 86% said May was a bad time to buy — a new high in Fannie Mae surveys dating to 2010.

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Predictions for “Higher for Longer” Interest Rates: Fed’s Strategy?

Marco Santarelli

Remember how everyone thought interest rates would be slashed this year? Buckle up, because the Federal Reserve just switched gears, and now the mantra is “higher for longer.” Let's unpack what this means for your wallet, your home, and the overall economy. Buckle Up: Higher Interest Rates for Longer Than Expected Why the Sudden Shift? As of May 2024, the inflation rate in the United States was 3.4% for the 12 months ending in April.

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New Homes in Texas

BubbleInfo

Brand-new houses for sale in Texas priced under $200,000! Take your big winnings from California and buy brand-new! Look how many are available: [link] The post New Homes in Texas first appeared on bubbleinfo.com.

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How to safeguard your mind from social media stress

Inman

Jessi Healey explores practical tips and strategies to help you manage your social media use effectively and protect your mental well-being from the stress it can cause.

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Top 5 Brownstoner Stories This Week: Homes on the Market, a Housing Lottery

Brownstoner

A Bay Ridge Row House and More to See, Starting at $1.575 Million Our picks for open houses to check out last weekend were found in Bed Stuy, Carroll Gardens, and Bay Ridge. They range in price from $1.575 million to $2.495 million. -- Midwood Studio With Foyer, Arches, Four Closets Asks $245K This… Read More > The post Top 5 Brownstoner Stories This Week: Homes on the Market, a Housing Lottery appeared first on Brownstoner.

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California Housing in High Demand: 19 Golden State Cities Sizzle

Marco Santarelli

California's housing market continues to be a complex landscape, but according to a recent report by Realtor.com, there are pockets of the state experiencing a surge in buyer activity and shrinking inventories. In fact, a whopping 19 California metro areas landed on Realtor.com's coveted “hottest real estate markets” list for 2024! Let's delve deeper into the ranking system and explore which California cities are currently sizzling in the real estate market.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Surprise Job Growth Throws Interest Rate Predictions into Disarray

Marco Santarelli

Buckle up , because the latest US jobs report has thrown a wrench into everyone's economic predictions. Here's the skinny: everyone thought the job market was cooling down, but instead, it exploded in May, adding a whopping 272,000 new positions – way more than the expected 185,000. This surprise throws Federal Reserve interest rate predictions into chaos.

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Next Week’s Interest Rate Predictions: Will Fed Hold or Cut Rates?

Marco Santarelli

All eyes are glued to the upcoming Federal Open Market Committee (FOMC) meeting on June 11-12, 2024. The decisions made within these hallowed halls have the power to send shockwaves through the global financial system, and this meeting is no different. Investors, economists, and everyday citizens alike are all waiting with bated breath to see what the Fed will do with interest rates.

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