by | Jul 9, 2024 | Economy, Industry News, Latest News, National, News, Politics, Premier |
Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market....
by | Jul 8, 2024 | Economy, Industry News, Latest News, National, News, Premier |
At their June meeting, Federal Reserve members acknowledged there’s been notable progress in lowering inflation, but it’s not going as quickly as they’d like to consider cutting key interest rates, according to meeting minutes released Wednesday. While the central...
by | May 29, 2024 | Agents, Brokers, Consumer, Industry News, Latest News, Lead Story, National, News, Premier |
It’s not a buyer’s market in residential real estate right now—and many buyers are dropping out in the face of unfavorable market conditions. Bright MLS (covering the mid-Atlantic) has published its latest member survey results for May 2024. The survey surmises...
by | May 1, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the federal funds target range untouched at...
by | Apr 26, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Hopes for lower mortgage rates soon were tempered Friday as inflation showed little signs of easing in March, with a key report the Federal Reserve eyes closely showing that price pressures remain elevated. The PCE Index, the Federal Reserve’s preferred measure of...