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Powell Says Recession Risk Gone, but Housing Inflation Will Persist for ‘Some Years’

USA Real Estate News-RISMedia - Tue, 2024-10-01 11:49

After more than two years of heavy-handed rate-raising by the Federal Reserve, which was largely responsible for putting the brakes on a historically hot pandemic housing market, Fed Chair Jerome Powell yesterday explicitly said that the central bank believes the country has avoided a recession and navigated a so-called “soft landing”—but still sees housing inflation…

The post Powell Says Recession Risk Gone, but Housing Inflation Will Persist for ‘Some Years’ appeared first on RISMedia.

Hawaii homeowner sued after house collapses into the ocean

USA Real Estate News-Inman - Tue, 2024-10-01 11:19
A Hawaii homeowner finds himself in hot water after his oceanfront home on Oahu’s North Shore collapsed into the ocean. Now the state is demanding he cover the cleanup costs.

Latest updates show Matterport’s downmarket move no longer virtual

USA Real Estate News-Inman - Tue, 2024-10-01 07:00
Digital twin creator Matterport introduced a new lineup of property marketing features to enrich its appeal as a more accessible resource for listing agents and brokers, including a de-furnishing tool and an artificial intelligence listing description tool.

NAR faces a standoff over Clear Cooperation, Inman survey reveals

USA Real Estate News-Inman - Tue, 2024-10-01 04:00
Nearly a hundred real estate professionals shared their thoughts on NAR's Clear Cooperation Policy with Inman, revealing a schism between supporters and opponents of the controversial rule.
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