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Realtors’ Economist to Fed: Stop Raising Rates

Realtors’ Economist to Fed: Stop Raising Rates

by Phil Hall | Jun 14, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After today’s announcement by the Federal Reserve that it is pausing its strategy of raising interest rates, one of the nation’s most prominent housing economists has called on the central bank to back off from future hikes. Lawrence Yun, the chief...
Federal Reserve Pauses on Rate Hikes

Federal Reserve Pauses on Rate Hikes

by Phil Hall | Jun 14, 2023 | Industry Updates, News/Current Events, WRE News Exclusive

The Federal Reserve hit the pause button and opted not to vote for another rate hikes. The central bank’s policymaking Federal Open Market Committee voted unanimously to hold the federal funds rate at the 5% to 5.25.% range. Prior to this decision, the Committee voted...
Hollywood Super-Agent Cindy Ambuehl Joins AKG | Christie’s International Real Estate

Hollywood Super-Agent Cindy Ambuehl Joins AKG | Christie’s International Real Estate

by Phil Hall | Jun 13, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of Hollywood’s most prominent real estate agents has relocated her business. Cindy Ambuehl, the former luxury estate director in the Santa Monica office of Compass, has been signed as the executive director of luxury estates at AKG | Christie’s International Real...
Massachusetts Debuts Green Bank Aimed at Affordable Housing

Massachusetts Debuts Green Bank Aimed at Affordable Housing

by Phil Hall | Jun 13, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Massachusetts Gov. Maura Healey has unveiled the Massachusetts Community Climate Bank, which is promoted as the nation’s first green bank dedicated to affordable housing. This new endeavor is financed with $50 million from the state’s Department of Environmental...
Better.com Shutters Its Real Estate Business

Better.com Shutters Its Real Estate Business

by Phil Hall | Jun 12, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Fintech mortgage lender Better.com has abruptly shut down its real estate business. According to a TechCrunch report, the company laid off its entire real estate division on June 7 and will shift operations from an in-house agent model to a partnership agent model....
NFHA Calls for Restoration of Fair Housing Funds Cut in Debt Ceiling Deal

NFHA Calls for Restoration of Fair Housing Funds Cut in Debt Ceiling Deal

by Phil Hall | Jun 12, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Fair Housing Alliance (NFHA) is calling on Congress and the Biden administration to restore fair housing spending levels that were jettisoned in the recently completed federal debt ceiling agreement. “The National Fair Housing Alliance is extremely...
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