A divided Fed worried about inflation and the softening jobs market cut short-term interest rates by 25 basis points on Dec. 10 — the third such cut this year. Read More
Real Estate
Plus, a report questions Trump’s old mortgage documents; CFPB official resigns; ROAD to Housing Act is derailed; NFIP advocates push for long-term approval. Read More
Artificial intelligence is getting smarter, more powerful and more accessible to agents and executives. It’s no longer optional — but not without risks. Read More
The companies’ technology may be blocking property managers and owners from accurately marketing home rental prices, the agency said. Read More
Plus, Loft47 unveils financial tools for teams; Atlas VMS integrates AI underwriting tools; Point announces $2.5B in home equity funding. Read More
An analysis of 500 urban counties found that 1 in 11 parcels is corporate-owned, but the share is much higher in areas where “mega-investors” have proliferated. Read More
Investors expect the central bank to cut short-term interest rates by 25 basis points — but the Fed’s economic projections could keep mortgage rates sticky. Read More
The average buyer agent commission was 2.42% in Q3 — up from 2.36% last year after the NAR settlement took effect, according to a new Redfin data analysis. Read More
A recent survey of prospective buyers found that most are motivated to close in the next year, and many are willing to pay more for certain amenities. Read More
Following the company’s acquisition of Redfin, CEO Varun Krishna believes Rocket will integrate the homebuying process “at a scale the industry has never seen.” Read More