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July inflation reading trims the odds of a big September rate cut

USA Real Estate News-Inman - Fri, 2024-08-30 15:37
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September.

Treasury finalizes new rules for luxury cash sales reporting

USA Real Estate News-Inman - Fri, 2024-08-30 14:04
Treasury Secretary Janet Yellen said the new reporting rules will "close critical loopholes in the U.S. financial system" that had allowed criminals to launder money through all-cash residential real estate transactions.

Mortgage Mix: Fed Rate Cut Closes in; CFPB Fines New Day Financial

USA Real Estate News-RISMedia - Fri, 2024-08-30 13:37

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. – A Federal Reserve interest rate cut is looking more and more imminent with this month’s Personal Consumption Expenditures (PCE) price index data. The PCE index increased 0.2% from the previous month, and core-inflation rose…

The post Mortgage Mix: Fed Rate Cut Closes in; CFPB Fines New Day Financial appeared first on RISMedia.

Happening Tomorrow! RISMedia Will Kick Off Its 36th Annual CEO & Leadership Exchange

USA Real Estate News-RISMedia - Fri, 2024-08-30 13:19

Real estate professionals know that attending educational and networking events in-person is one of the best ways to improve and invest in their business by getting actionable takeaways and insights directly from their respected and revered industry leaders.  In a post-NAR-mandate world, the importance of learning from brokerage executives and industry experts who are guiding…

The post Happening Tomorrow! RISMedia Will Kick Off Its 36th Annual CEO & Leadership Exchange appeared first on RISMedia.

New York’s Flatiron Building to be transformed into 60 luxury condos

USA Real Estate News-Inman - Fri, 2024-08-30 11:45
The iconic Flatiron Building in Manhattan is set to undergo a transformation from outdated office spaces to luxury residences and retail, according to new building plans revealed earlier this week.

D.C. Attorney General Uncovers Title Insurance Kickback Scheme

USA Real Estate News-RISMedia - Fri, 2024-08-30 11:44

An investigation from the District of Columbia Office of the Attorney General has uncovered the use of an illegal kickbacks scheme involving real estate agents across several title insurance companies. Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern) and Union Settlements, LLC (Union) were found to be involved.  “District…

The post D.C. Attorney General Uncovers Title Insurance Kickback Scheme appeared first on RISMedia.

Meet the Northeast Region Real Estate 2024 Rookie of the Year Finalists

USA Real Estate News-RISMedia - Fri, 2024-08-30 11:26

Above, from left, Liam Coonahan, George Gatt, Jessica Paulucci, David Super and Tracy Wiley. RISMedia recently announced the Top 25 regional Rookie of the Year finalists for 2024. The third annual Rookie of the Year program, sponsored by Colibri Real Estate, is designed to honor real estate agents who are new to the business, yet…

The post Meet the Northeast Region Real Estate 2024 Rookie of the Year Finalists appeared first on RISMedia.

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