Rate cuts are looking more likely — but not quite yet
Mortgage rates dipped this week, and the latest inflation and jobs data increase the chance of a rate cut in September.
July 11, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Inventory keeps rising — will more listings mean more sales?Supply is well above last year’s levels, but lower mortgage rates will be key to luring buyers into the market.July 10, 2024
- New MoxiWorks CEO poised to disrupt real estate techEric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.”July 9, 2024
- Court sets deadline for appeals in brokerage settlementsA status update in the 5-year-old Moehrl case says any objections to the deals must be filed next month, while HomeServices continues to hash out its agreement.July 8, 2024
- Consumers are (slightly) more optimistic about buying a homeBucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.July 8, 2024
- Mortgage rates back up after 4 weeks of declinesWith average rates approaching 7%, it’s still a tough housing market — but there are signs it may be easing.July 3, 2024
- New efforts to derail brokerage settlements, dismiss buy-side caseAnother group of plaintiffs has filed an appeal in the RE/MAX, KW and Anywhere settlements, while the brokerages offered new arguments for dismissing Batton.July 1, 2024
- Little chance of an inventory explosion this yearATTOM’s midyear review looks at where housing supply is headed along with what to expect with home prices and foreclosures.July 1, 2024
- Zillow and Redfin accused of violating user privacyA California lawsuit alleges that the home search portals used tracking technology to gather and share data without consent.June 29, 2024
- More commissions cases paused ahead of November hearingTwo cases involving REBNY as well as the Nosalek case are now on hold, but a Pennsylvania case will move forward — and so will MLS PIN.June 28, 2024
- The housing market is 'stuck' — maybe for a whileWhile interest rates continue to edge down, sales have not picked up heading into summer: “This will take many years to work itself out.”June 27, 2024
- New home sales plummet, but prices barely budgeMay sales were well below April numbers and down 16.5% year-over-year, a sign that builder incentives may not be enough to overcome high rates and prices.June 26, 2024
- Brokerages ask court to dismiss buy-side commissions caseThe five defendants in Batton 2 — Compass, eXp, Redfin, Weichert and United — filed a joint motion, arguing that the claims are untimely and lack merit.June 25, 2024
- Engel & Völkers settles in commissions caseThe global brokerage reached an agreement with home sellers last week, according to a court filing.June 24, 2024
- Judge issues stay in MLS PIN caseThe plaintiffs argued that the proceedings should move forward, but the DOJ wants to delay approval of the deal — and the judge appears to have been swayed.Updated June 25, 2024
- Freedom Mortgage hit with $4 million fineThe company, which has been dubbed a “repeat offender” by regulators, faces another penalty for submitting inaccurate loan data.June 18, 2024
- Opt-in day is here — who’s in?Connecticut’s SmartMLS reluctantly decides to join the NAR settlement. Other MLSs and brokerages have until the end of the day to opt in.Updated June 20, 2024
- DOJ pushes back on NAR’s rehearing requestThe agency wants to reopen its antitrust investigation into the association, and on June 17 said NAR’s attempt to block that move is not justified.June 17, 2024
- It’s time for brokerages, MLSs to settle — or face liabilityJune 18 is the deadline for those not covered by the NAR settlement to opt in and pay damages, or risk further litigation in the commissions cases.June 17, 2024
- Can REX make a comeback?The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.June 17, 2024
