CHICAGO (August 1, 2022) – The National Association of Realtors®’ REACH Labs program, which identifies and connects innovative early-stage startups to the Realtor® community, today announced its expansion to Chicago to launch its first multi-association and multiple listing service (MLS) REACH Lab. Collectively representing over
The U.S. economy definitively slowed in the first half of 2022 as the Federal Reserve tightened financial conditions. Real GDP fell for the second straight quarter, while the Fed raised interest rates by 75 basis points for the second consecutive month to reduce inflation pressure.
Mortgage rates have climbed this year at one of the fastest paces on record. Yields on agency mortgage-backed securities (MBS) have soared to 4.17% in July 2022 from 1.98% in January. Spreads of MBS have widened amid macroeconomic uncertainty, spikes in interest rate volatility, and,
As was widely expected, the Federal Reserve raised its policy rate by 75 basis points (bps) at the July meeting, taking the target rate range to 2.25%–2.5%. This is just below the Fed’s estimate for a neutral policy stance in the longer run (2.5%). At
WASHINGTON (July 27, 2022) –The Biden Administration on Wednesday announced new steps to tackle the housing supply crisis. The plan by the U.S. Department of the Treasury allows the use of $350 billion in American Rescue Plan funds by state, local, and tribal governments toward
WASHINGTON (July 27, 2022) – Pending home sales decreased in June, following a slight increase in May, according to the National Association of REALTORS®. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West. The Pending Home Sales
WASHINGTON, D.C.—The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced an additional Notice of Sale of up to 20 million additional barrels of crude oil from the Strategic Petroleum Reserve (SPR). This Notice of Sale is part of
After months of COVID-related disruptions, China’s economy looks to be on the path to normalization. In June, new daily coronavirus case counts stabilized in the low hundreds. More people are hopping on planes and trains, intercity highway traffic has rebounded to pre-outbreak levels, and city
But is there also a case for falling interest rates in the back half of 2022? With several commodities pulling back and inflation easing, perhaps we could see rates decline. Well, it’s Friday, so we need to turn to Joe Friday for “the facts, Ma’am.
Share to FacebookShare to TwitterShare to LinkedinWhat Happened The Department of Justice (U.S. Attorney’s Office for the Southern District of New York) announced charges yesterday against Ishan Wahi, a former product manager at Coinbase, his brother, Nikhil Wahi, and a friend, Sameer Ramani. They are