At a time when other central banks are cutting interest rates, the Reserve Bank of Australia enacted its first rate hike in three years. The central bank increased its cash rate target by 25 basis points to 3.85%, noting that Australia’s inflation “picked up...
HUD’s erasure of DEI contracts, builders expressing apprehension and Australia’s first rate cut in more than four years. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 17-21. Hit: An End to DEI Daffiness. Kudos to...
Australia’s central bank enacted its first rate cut since November 2020. The Reserve Bank of Australia announced the benchmark interest rate will be reduced by 25 basis points to 4.10%. The central bank held the rate at 4.35% since November 2023 after 13 consecutive...
One in Five Sellers Cut Prices as Buyer Demand Retreats
