Three major central banks have announced rate cuts for their respective economies. The European Central Bank (ECB) announced it was cutting rates by a quarter percentage point today, lowering its benchmark from 3.25% to 3%. “The disinflation process is well on track,”...
The median nationwide asking rent fell 0.7% year-over-year to $1,595 last month, according to data from Redfin (NASDAQ: RDFN). On a month-over-month measurement, rents were down by 1.1%. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in...
The majority of Americans ages 50 and older want to remain in their current homes as they age, but nearly half expect to relocate due to rising housing costs, according to AARP’s 2024 Home and Community Preferences Survey. The new survey polled 3,090 adults from...
The Shelton, Connecticut-based brokerage William Raveis announced the strategic acquisition of Jordan Real Estate (JRE), a brokerage serving Nantucket, Massachusetts. The brokerage was founded in 1992 as Lucille Jordan Associates, and in 2007 its ownership passed to...
The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research is providing a $400,000 grant to West Virgnia University (WVU) to support research into housing construction methods. WVU will collaborate with Omnis Building...
Three brothers in a prominent real estate industry family who have been the target of an FBI probe for rape and sexual assault were arrested in Miami. The Wall Street Journal reported Tal and Oren Alexander, who were brokers at Douglas Elliman before starting their...
