Real Estate News 03/25/2024

Today’s News Synopsis:

As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates.

In The News:

Mint – “Fed’s Powell signals willingness to cut rates if job market weakens, risking higher inflation“ (03-25-24)

“For the first time in the current economic upswing, Fed Chair Jerome Powell used his opening statement at Wednesday’s press conference to declare that a surprise increase in unemployment could prompt the Fed to lower rates. ”

HousingWire-  “Where are home prices headed this spring?“ (03-25-2024)

“Last week was a pretty strong week for all the housing numbers. New supply and sales numbers keep climbing — both weekly and over last year. Home prices had a slight increase this week across the board. .

CNN –  “Should you sell your home now or wait for the Realtor settlement this summer?” (03-24-24)

” A major real estate shakeup is complicating the equation. That shakeup is coming from a $418 million settlement the National Association of Realtors announced last week with groups of homesellers that could go into effect as early as July.”

NAR – “8 Common Home Inspection Issues: Fix Now or Later?“12-06-2023)

“Buyers may balk at lengthy inspection reports, but not every item is an emergency. Know what may—and may not—be cause for alarm.”

Inman – “5 insights real estate professionals need this spring selling season” (12-25-2023)

“Now that Coldwell Banker has released the findings from its latest consumer survey, we can glean what is going through the minds of potential homebuyers and sellers.”