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NAR Chief Economist Says Commercial Real Estate Will Revitalize, Calls on Federal Reserve to Consider Cutting Interest Rates
There’s tremendous difficulty in the commercial real estate market, with higher interest rates hindering borrowing and making refinancing costly. www.nar.realtor – Research
Demand for Vacation Homes Slowing, Report Says
The pandemic-fueled second home boom may be coming to an end, but here’s why it will likely remain elevated compared to historical averages. www.nar.realtor – Vacation, Resort, and Second Homes
Survey Says: Technology REALTORS® Use the Most
Technology and social media have transformed the real estate industry. In fact, among REALTORS®, a reported 96% of survey respondents stated they use smartphones nearly every day. Diving into the data even further, the National Association of REALTORS® 2022 Member Profile survey provides insights on the most popular technology members currently use to be successful.… […]
Looking for Affordable Housing? UI Says Look to Homeownership
A recent policy brief from the Urban Institute (UI) suggests a radical but common-sense solution for achieving affordable housing – homeownership. UI analyst Mike Loftin says there is no shortage of other policy proposals to address the housing problem – more federal investment in building public housing, subsidies to builders of affordable apartments, dramatic increases […]
UI Says HARP 2.0 Could Help Pandemic-Era Borrowers; Rates Back to Recent Lows
The Urban Institute (UI) is advocating for a streamlined refinancing program similar to the Home Affordable Refinance Program (HARP) which aided many homeowners during the Great Recession to assist those impacted by the pandemic. HARP, which was used by more than 3.4 million borrowers between 2009 and 2018, offered simplified documentation, automated appraisals, no or […]
Fed’s Evans says he doesn’t fear 2.5% inflation, or even above
(Reuters) – The Federal Reserve will keep interest rates at zero until the economy reaches full employment, inflation is “sustainably” at 2% and the Fed is confident it will overshoot that goal, Chicago Federal Reserve President Charles Evans said Wednesday….(read more) Forward this article via email: Send a copy of this story to someone you know […]