With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.
Read More »Trio of Trade Groups Propose Solution to Promote Homeownership
NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.
Read More »Economic Check In With Realtor.com’s Danielle Hale
In her latest video, Hale breaks down the recent Jobs report, how it is impacting Fed decision making, and what first-time homebuyers are seeing as advantages—and disadvantages—in the current market.
Read More »Senate Confirms Yellen as Treasury Secretary
By a vote of Yellen 84-15, the Senate paved the way for President Biden's new head of the Treasury Department late Monday.
Read More »Janet Yellen: ‘We Must Restore the American Dream’
President-elect Joe Biden on Monday officially nominated former Federal Reserve Chair Janet Yellen as his Treasury Secretary. This is a confirmation of news reported here last week. Biden-Harris' economics-team ...
Read More »Interest Rate Uncertainty Spurs Stock Market Drops
The Dow Jones industrial average closed down 1,200 points on Monday, after having dropped 1,500 points earlier in the day. This came on the heels of a 666-point ...
Read More »Senate Confirms Powell as Federal Reserve Chair
The Senate confirmed Jerome Powell as the 16th chairman of the Federal Reserve on Tuesday after an 85-12 vote in favor of his confirmation. Powell will take over ...
Read More »With Interest Rates Rising, Yellen Addresses Tax Reform
After the Fed's confirmation that an interest rate hike is happening, Fed Chair Janet Yellen turned her attention to the possible economic impacts of tax reform.
Read More »Janet Yellen: A Look Back
Yellen’s resignation cuts short a term as Fed governor which would have extended to 2024. Her departure marks the end of a controversial term which saw the Fed greatly swell its balance sheet.
Read More »President Trump Nominates Jerome Powell as Fed Chair
Today, President Donald Trump announced the nomination of Jerome Powell, a Federal Reserve Board governor who previously worked as a private-equity executive, as Fed Chair to succeed Janet Yellen.
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