U.S.
Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal
Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal Reserve remains steadfast in promoting maximum employment and stable prices for the… […]
An Open Letter to Judge Stephen Bough and the U.S. Judicial System
Editor’s Note: The following open letter was written by Jamie Tian, President of the Asian Real Estate Association of America (AREAA) to Judge Stephen R. Bough, who presided over the landmark Burnett class-action lawsuit, and to the U.S. Judicial System. To Judge Stephen R. Bough and the U.S. Judicial System: I am a real estate… […]
Opinion: U.S. Economy Will Benefit When the Racial Homeownership Gap Is Finally Closed
Racial disparity in homeownership has significant implications, given that homeownership is crucial to building wealth and financial security. www.nar.realtor – Fair Housing
U.S. Inflation Continues to Drop in January, but Pace Slows
The road to reeling in inflation will take a lot of work, and new reports from the U.S. Bureau of Labor Statistics (BLS) offer a glimpse as to why. While the consumer price index (CPI) shows a persisting downward trend in inflation, it also indicates that the pace of easing is cooling. The latest CPI… […]
Second Century Ventures Opens Applications for 2023 REACH U.S. Programs, Appoints New Executive Director
2023 REACH U.S. Applications Open; New Program Director REACH’s mission is to select and help scale the most promising new technology companies in real estate and adjacent industries. Media Contact: Spencer High 202-383-1051 Technology
U.S. Home Equity Increases Again in Q2 2022
U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 27.8% year over year, representing a collective gain of $ 3.6 trillion, for an average of $ 60,200 per borrower, since the second quarter of 2021. This is according to the latest Homeowner Equity Report (HER) for the second […]
U.S. District Court Deals a Blow to NAR and Major Franchisors in MLS Policy Suit
A legal conflict with potentially disastrous implications for the real estate industry has come to a head, pushing leaders across the industry to take swift action. The National Association of REALTORS® (NAR) and several national brands named in a lawsuit over an NAR policy announced that they are fighting a recent court decision designating the […]
U.S. Construction Spending Climbed in November 2021
Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce. The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family homebuilding playing a significant role in the uptick. Total spending rose from $ 1.62 billion […]
Lagarde sees strong rebound for EU economy in second half, expects U.S. to meet inflation goal soon
Despite a difficult struggle against the Covid-19 pandemic, the EU will hit its economic stride later this year, Lagarde told CNBC on Friday….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Statement in Response to Events at U.S. Capitol
Statement in Response to Events at U.S. Capitol “NAR stands with our democracy and our nation’s centuries-old observance of peaceful protests and the peaceful transfer of power.” Media Contact: Wesley Shaw 202-383-1193