Fed Cuts Rates by 0.25% Amid Inflation Concerns and Post-Election Uncertainty

In a move anticipated by markets, the Federal Reserve announced a 0.25% rate cut aimed at reducing borrowing costs, marking its second rate cut this year and the first since President-elect Donald Trump secured another term in office following the recent election. This decision comes as labor... more

• by Biazowa
• November 8, 2024
• Market Trends, Policy

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AI Technology Fuels a New Wave of Real Estate Scams Threatening Homeowners

As technology advances, scammers are evolving their tactics, and a troubling trend has emerged in real estate: the use of AI technology to commit title theft, or deed theft. Real estate fraud experts report that these scams now target a broad range of property owners, from those living in luxury... more

• by Biazowa
• November 2, 2024
• Market Trends, Policy

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Consumer Confidence in the Housing Market Increased in September

According to Fannie Mae’s Home Purchase Sentiment Index (HPSI), consumer confidence in the housing market increased in September, reaching its highest level in two years with an index score of 73.9. In September, 42% of consumers anticipated that mortgage rates would decline over the next 12... more

• by Biazowa
• October 11, 2024
• Market Trends

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Long Beach Launches 0% Interest Loan Program for Accessory Dwelling Units

The City of Long Beach has announced an exciting new pilot program aimed at making it easier for homeowners to build Accessory Dwelling Units (ADUs) on their property. The program offers 30-year loan financing with a 0% interest rate, providing up to $250,000 to cover the costs of building an ADU.... more

• by Biazowa
• October 4, 2024
• Local Insights, Policy

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Fed Cuts Interest Rates: What It Means for the Housing Market

On Wednesday, the Federal Reserve made a significant move by cutting interest rates by half a percentage point. This marks the first rate cut in four years, and the decision follows a period when rates reached their highest level in 23 years and signals a pivotal moment as inflation shows signs of... more

• by Biazowa
• September 20, 2024
• Finance, Market Trends, Mortgage, Policy

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Allstate to Increase Homeowners’ Insurance Rates by 34.1% in California

California homeowners are facing yet another steep insurance rate hike as Allstate, the state’s sixth-largest insurer, has received approval from the California Department of Insurance to raise rates by 34.1% in wildfire-prone areas. This increase will affect around 350,000 policyholders and will... more

• by Biazowa
• September 7, 2024
• Insurance, Regional Trends

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Fed Governor Waller Backs September Rate Cut, Open to Larger Reduction

Federal Reserve Governor Christopher Waller confirmed that he will support an interest rate cut at the upcoming central bank policy meeting, scheduled to take place in less than two weeks. In remarks prepared for the Council on Foreign Relations in New York, Waller expressed openness to a more... more

• by Biazowa
• September 6, 2024
• Finance, Market Trends, Policy

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What the New Real Estate Commission Rules Mean for Buyers and Sellers

The real estate landscape is undergoing a significant shift as new commission rules take effect, stemming from the National Association of REALTORS®’ $418 million settlement announced earlier this year. This change is poised to alter the experience of buying or selling a home, particularly in... more

• by Biazowa
• August 17, 2024
• Market Trends, Policy

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