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Powell Reaffirms No Rate Cuts in the Near Future

Powell Reaffirms No Rate Cuts in the Near Future

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell poured more cold water on the hope that the central bank will start cutting rates sooner than later. According to combined media reports, Powell told a moderated discussion at the Foreign Bankers’ Association in Amsterdam that...
Compass Adds Tennessee Brokerage Parks Real Estate

Compass Adds Tennessee Brokerage Parks Real Estate

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Compass Inc. (NYSE: COMP) announced the addition of Tennessee-based Parks Real Estate into its brokerage network. Parks Real Estate, which includes the brand Pilkerton Realtors, employs over 1,500 agents and generated $6.25 billion in 2023 transaction. According to...
Ex-HUD Secretary Fudge Joins Taft Law Firm

Ex-HUD Secretary Fudge Joins Taft Law Firm

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Two months after she stepped down as Secretary of Housing and Urban Development (HUD), Marcia Fudge has re-emerged as a partner in the prominent Taft law firm. Fudge will also serve as the law firm’s chairwoman of public policy. According to a press release from Taft,...
NY Fed: Americans Expect Home Prices to Keep Rising

NY Fed: Americans Expect Home Prices to Keep Rising

by Phil Hall | May 13, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans are bracing for higher home prices, according to the April 2024 Survey of Consumer Expectations published by the Federal Reserve Bank of New York’s Center for Microeconomic Data. In the latest report, median home price growth expectations increased to 3.3%...
WFG Taps Dan Hassan at SVP and Southwest Region Manager

WFG Taps Dan Hassan at SVP and Southwest Region Manager

by Phil Hall | May 13, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

WFG National Title Insurance Company (WFG), a Portland-based provider of title insurance and settlement services for commercial and residential real estate transactions, has appointed Dan Hassen as senior vice president and Southwest regional manager for the company’s...
Multifamily Developer Confidence Down During Q1

Multifamily Developer Confidence Down During Q1

by Phil Hall | May 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Confidence in the market for new multifamily housing declined year-over-year in the first quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices: the...
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