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UK and EU Central Banks Keep Rates Unchanged

UK and EU Central Banks Keep Rates Unchanged

by Phil Hall | Dec 14, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The central banks for the U.K. and European Union mirrored the example of their American counterparts and kept their respective interest rates unchanged. The Bank of England maintained its 5.25% rate, which is a 15-year high. Andrew Bailey, governor of the Bank of...
Federal Reserve Leaves Rates Unchanged

Federal Reserve Leaves Rates Unchanged

by Phil Hall | Dec 13, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve has opted to ring out 2023 by keeping rates unchanged. The central bank’s policy making Federal Open Market Committee voted unanimously to hold the federal funds rate in the range of 5.25% to 5.5%. In offering its decision, the Fed presented a...
Hits and Misses for the Real Estate Week of Dec. 4-8

Hits and Misses for the Real Estate Week of Dec. 4-8

by Phil Hall | Dec 8, 2023 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A governor who wants to build a lot of starter homes, an unlikely choice for Person of the Year and Jamie Dimon’s cantankerous slam of cryptocurrency. From the wild and wooly world of real estate, here are the hits and misses for the week of Dec. 4-8. Hit: A Governor...
A Phil Hall Op-Ed: Jerome Powell as Person of the Year?

A Phil Hall Op-Ed: Jerome Powell as Person of the Year?

by Phil Hall | Dec 4, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Federal Reserve Chairman Jerome Powell has been called many things – including some names that are not appropriate to repeat in polite company – but this Wednesday he might be called something quite unexpected: Person of the Year. Time Magazine...
Hits and Misses for the Real Estate Week of Oct. 30 – Nov. 3

Hits and Misses for the Real Estate Week of Oct. 30 – Nov. 3

by Phil Hall | Nov 3, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A trade group enduring a surplus of grief, a central bank that stopped punishing the public and a billionaire’s adieu to the Pacific Northwest. From the wild and wooly world of real estate, here are the hits and misses for the week of Oct. 30 to Nov. 3. Miss: NAR at a...
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