Inflation rose slightly in October as the Federal Reserve tries to decide how much it should lower interest rates, the Commerce Department reported November 27. The PCE price index increased 0.2% in October. Excluding food and energy (so-called “core inflation”), the PCE price index increased 0.3%. The price of goods increased less than 0.1% and…
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Pending home sales ascended in October, the third consecutive month of increases, according to the National Association of REALTORS® (NAR). All four major U.S. regions experienced month-over-month gains in transactions, with the Northeast leading the way. Year-over-year, contract signings increased in all four U.S. regions, led by the West. The Pending Home Sales Index (PHSI),…
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In the days and weeks after the National Association of REALTORS® (NAR) announced that offers of compensation would be removed from the MLS and that all buyer agents would be required to sign agreements with clients, a lot of people both in and outside the industry had more questions than answers. Will commissions drop? Will…
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Homebuyers just got an extra boost in borrowing power after the Federal Housing Finance Agency (FHFA) increased conforming loan limits to $806,500 for single-unit properties, the federal regulator said Tuesday. The FHFA said the new conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac represent a $39,950 increase from 2024, reflecting continued…
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Dane Ramsden knew early on that he wanted a career that could both provide for his family and make a meaningful impact on others. At just 18, he took his Michigan Real Estate Salesperson pre-licensure class, igniting a passion for real estate that has only grown stronger over nearly two decades. Now the CEO of…
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