Mike Lueck Broker and REALTOR®License #: BR640641000

Mike Lueck Broker and REALTOR®License #: BR640641000

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Why inland California housing is so exposed to downturn risk: Report

USA Real Estate News-Inman - Thu, 2024-03-07 00:01
Data provider Attom tracks the 50 U.S. communities most at risk of further housing decline. Half of them are located in one of three places.

Zillow, Realtor.com team up on syndicated rental listings

USA Real Estate News-Inman - Wed, 2024-03-06 17:26
The ongoing portal war has now sparked a new alliance that'll see Zillow's rental listings show up on Realtor.com's site.

Appeals court rules Chicago transfer tax hike can move ahead

USA Real Estate News-Inman - Wed, 2024-03-06 17:16
Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5 million. Realtors say it amounts to a secret tax and rent hike.

Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal

USA Real Estate News-RISMedia - Wed, 2024-03-06 16:28

Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal Reserve remains steadfast in promoting maximum employment and stable prices for the…

The post Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal appeared first on RISMedia.

Single-Family Home Production Shows Signs of Uptick

USA Real Estate News-RISMedia - Wed, 2024-03-06 16:11

According to the National Association of Home Builders’ (NAHB) Home Building Geography Index (HGBI), quarter 4 of 2023 showed signs of single-family home construction picking up. This “stirring” is attributed to “moderating” mortgage rates (i.e. demand is picking up) and the lack of inventory necessitating new construction. However, the multifamily building sector showed either negative…

The post Single-Family Home Production Shows Signs of Uptick appeared first on RISMedia.

Homebuyers sit up and take notice as mortgage rates fall

USA Real Estate News-Inman - Wed, 2024-03-06 15:40
Purchase loan applications jump by a seasonally adjusted 11 percent after five consecutive weeks of declines as mortgage rates continue to retreat from 2024 highs.
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