Jerome Powell and the Federal Reserve building (Credit: Getty Images, Wikipedia and iStock) What kind of difference could a quarter of a point make? Plenty, according to some real estate developers and industry pros who say the Federal Reserve’s expected interest rate cut on Wednesday — which would be the first since 2008 — will […]
Homebuilder blues: Fed chair says Trump’s tariffs, immigration taking a toll
Jerome Powell (Credit: Getty Images and iStock) Over the past few months, President Trump has been venting on Twitter and elsewhere about his displeasure with the Federal Reserve. But on Thursday, Fed Chair Jerome Powell had something to say about the president. Powell said some of Trump’s policy moves are significantly hurting a vital part […]
As Fed mulls rate cuts, real estate enjoys the good times but fears bad times ahead
Federal Reserve Chairman Jerome Powell (Credit: Getty Images) The real estate industry loves low interest rates — but not too low. Despite sustained pressure from President Donald Trump, the Federal Reserve left interest rates unchanged Wednesday. While it’s an initial positive for the real estate industry, the central bank’s consideration to cut rates raises concerns […]
Fed holds interest rates steady amid housing market slowdown
President Trump, Federal Reserve chairman Jay Powell, and the Federal Reserve (Credit: Getty Images and iStock) The Federal Reserve said Wednesday that it will hold interest rates steady amid signs that the housing market is slowing down. The Fed will keep rates at 2.25 percent to 2.5 percent, stating the economy rose at a solid […]
National Cheat Sheet: US home sales drop again, JLL buys HFF for $2B… & more
Clockwise from top left: The Federal Reserve has held interest rates steady and indicated that they will not rise this year; Facebook revamps its housing ad policy after settling discrimination lawsuits; JLL buys HFF in a $2B cash-and-stock deal that it hopes will ‘accelerate growth;’ and a Re/Max report finds the U.S. set for a […]
Buyers can reap savings as mortgage rates slide — but it’s not all good news
The average rate on the 30-year fixed dropped to 4.34 percent from 4.40 percent (Credit: iStock and Pixabay) After the Federal Reserve’s most recent announcement, mortgages rates tumbled — and they may keep falling. The Fed said that it would get back into bond buying, causing rates to fall, CNBC reported. The average rate on […]