Eric Rosengren, the president of the Boston Fed, expressed concern over the housing market in an interview with the Financial Times, and it comes as data shows house prices soaring. The median price for an existing home sale skyrocketed 24% in May. Other house price measures also are surging.
Rosengren noted the financial stability concerns that come from boom-and-bust real estate cycles. In 2008, there was a global financial crisis as the housing market collapsed.
The first move-ins are anticipated for mid-2028. Continue Reading Mill Creek Residential Breaks Ground on Mixed-Use New Jersey Community
“Our goal has always been to simplify the renting journey,” said Esther Bonardi, vice president of marketing at RentCafe. Continue Reading RentCafe Debuts ChatGPT App
This marks the company’s third location in Montana, following its offices in Bozeman and Big Sky. Continue Reading The Agency Opens New Montana Office in Missoula
Both central banks cited the ongoing Middle Eastern conflict for framing their decisions. Continue Reading Bank of England and European Central Bank Hold Interest Rates Steady
Today’s FOMC meeting is the final gathering chaired by Jerome Powell, whose term as Fed chairman expires on May 15. Continue Reading Federal Reserve Holds Rates Steady Again
Since 2013, MLMS has supported more than 130,000 KW-affiliated agents and delivered over 800 custom designs for agents and brokerage leaders. Continue Reading Keller Williams Acquires Michael Lewis Marketing Suite
0 Comments