Shrinking economy bolsters the case for a June Fed rate cut
Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth.
UWM expands its Rocket rivalry into mortgage loan servicing
Long-term agreement with ICE Mortgage Technology will help nation's largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals.
Nest Seekers International launches art division
With Collections, Nest Seekers will provide a bridge for clients seeking acquisition and management services for art and other collectibles, whether for decorative, investment or collections purposes.
Dwell Residential joins Engel & Völkers in Park Slope
The new office of the previously indie firm marks license partner Donald Brennan's third Engel & Völkers shop in the Brooklyn and North Fork areas. Dwell co-owner Luis Martinez will serve as an associate broker.
Anyone.com promises 1st fully digital home sale
A new software application called "Anyone" that promises to fully digitize the residential home sale has announced its rollout in the United States.
This spring, East Coast agents see signs of emerging buyer’s market
Inventory is up and rates are down as fewer buyers face stiff competition and successfully find homes in less than a month, according to new data shared by BrightMLS.
Nominations closing for luxury real estate’s highest honors
The deadline for the real estate community to submit entries for Inman’s Golden I Club is Thursday. Nominate yourself, a colleague, company or campaign and inspire the industry.
Pending home sales jump as buyers eye lower mortgage rates
According to data released Wednesday by the National Association of Realtors, contract signings jumped 6.1 percent in March. That represents the biggest monthly gain since December 2023, when pending sales rose 7 percent. In contrast, February only saw a modest 2 percent uptick.
Fannie Mae forecasting higher 2025 inflation, slower growth
Slowing economy could also help bring mortgage rates down to Earth more rapidly, with the latest forecast predicting rates will drop to 6.2 percent by the end of this year and to 6 percent next year.