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Inflation Up in February – How Will That Impact Fed Rate Cuts?

Inflation Up in February – How Will That Impact Fed Rate Cuts?

by Phil Hall | Mar 12, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An underlying measure of inflation was stronger than expected last month, introducing greater uncertainty over when the Federal Reserve will lower interest rates. The U.S. Department of Labor Department’s Consumer Price Index (CPI) reported prices rose last month by...
Sitzer/Burnett Attorneys Take Aim at Warren Buffett’s Billions

Sitzer/Burnett Attorneys Take Aim at Warren Buffett’s Billions

by Phil Hall | Mar 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The attorneys who scored a $1.8 billion court victory in the Sitzer/Burnett case against the National Association of Realtors (NAR) and several major brokerage firms appear to be taking a cue from the legendary Willie Sutton and are going where the money is – in this...
Pending Home Sales, Buyer Affordability Down in January

Pending Home Sales, Buyer Affordability Down in January

by Phil Hall | Feb 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

January was a chilly month for pending home sales, according to new data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index dropped by 4.9% from December to January, closing the month with a 74.3 reading; an index level of 100 is equal to...
Hits and Misses for the Real Estate Week of Feb. 19-23

Hits and Misses for the Real Estate Week of Feb. 19-23

by Phil Hall | Feb 23, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An upstart trade group’s PR coup, an iconic theater saved by Hollywood’s A-list and an unwanted honor for New Jersey. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 19-23. Hit: The Voice of the Industry? Real estate...
Existing Home Sales Up in January

Existing Home Sales Up in January

by Phil Hall | Feb 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market began 2024 with an uptick in existing home sales, according to data from the National Association of Realtors (NAR). Total existing home sales were up by 3.1% from December to a seasonally adjusted annual rate of 4 million in January....
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