Mortgage Rates Reach Year-to-Date Lows Following Powell’s Remarks
Mortgage rates have reached year-to-date lows following remarks by Fed Chair Jerome Powell at the Jackson Hole Economic Summit, impacting lending strategies.
Pittsburgh and Cleveland Lead Global Metro Area Affordability Rankings
Homebuyers can buy nearly six homes in Cleveland or Pittsburgh for the cost of one in San Francisco, highlighting regional disparities in housing markets.
Virginia Sees 2.4% Increase in Home Sales
Virginia's median home price rose to $435,000, reflecting a steady 2.1% annual increase, highlighting a resilient housing market for private lenders.
Powell’s Jackson Hole Address Inspires Cautious Optimism in Housing Market
Experts suggest that even slight rate reductions may enhance affordability and stimulate buyer demand, yet concerns over jobs and tariffs create an uncertain landscape.
Digital Twin Innovation at eXp; Lenders Advised on AI Compliance Development
Executives from eXp Realty explore digital twin technology, while a recent survey invites insights on AI implementation in the real estate sector.
USDA Implementing Automation for Loan Application Uploading Process
USDA partners with Phoenixteam in a $49 million initiative to enhance its GUS mortgage underwriting system, aiming for improved efficiency and accuracy.
Is the real estate industry achieving its goals for antitrust enforcement?
Private lenders observe a potential shift in antitrust scrutiny under the Trump DOJ, offering insight into the evolving regulatory landscape for real estate professionals.
Highlights and Lowlights in Real Estate for the Week of August 18-22
Explore recent developments in real estate, including Cape Cod's potential mansion tax and Baltimore's vacant lot tax proposal. Stay informed on market trends.
Homebuyers desire independent research while valuing real estate agents.
Cotality data reveals a significant trend: 73% of homebuyers prefer self-research, yet 88% desire guidance from a human agent for support.
Powell indicates potential for resuming Fed rate cuts in Jackson Hole address.
Fed Chair Powell's recent remarks indicate a cautious stance on rate cuts, leaving private lenders to navigate uncertainty in interest rate trends.