Elevated borrowing costs remain the top worry for homebuilders

Last year was largely a good one for the nation’s homebuilders, which were able to offer rate buydowns to attract more clients while maintaining double-digit profit margins. Additionally, the competition from existing home sellers was somewhat absent. An estimated 668,000 new homes were sold in 2023
Read MoreHomeServices asks Supreme Court to apply arbitration to Sitzer suit

Commission lawsuit defendant HomeServices of America is asking the U.S. Supreme Court to hear its argument that the Eight Circuit wrongly rejected arbitration agreements with unnamed class members in the Sitzer/Burnett commission lawsuit.In late October 2023, a Missouri jury found HomeServices of Am
Read MoreCalifornia’s ‘Master Plan for Aging’ is well received in its early days

By 2034, an estimated one in five residents of the state of California will be age 65 or older. While this won’t lead to a “silver tsunami” when it comes to a flood of housing inventory, the impacts of an aging population are difficult to ignore.These shifting dynamics are causing the California sta
Read MoreNo Fed pivot in sight as Powell addresses rate cuts on 60 Minutes
There was rampant speculation after the Federal Open Market Committee (FOMC) meeting last week about the timing and number of interest rate cuts this year. In a follow-up interview on 60 Minutes on Sunday, Federal Reserve Chairman Jerome Powell did not sound like someone who has pivoted. In fact, Po
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