Kansas City Fed chair backs cautious approach on rates
Kansas City Fed Chair Jeff Schmid said he voted in favor of the Fed’s September quarter-point rate cut but sees no need for aggressive easing.
Homebuying
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Cleveland nonprofit fights to halt investor homebuying wave
Investors were responsible for 43% of 2024 home purchases in some of Ohio’s and Pennsylvania’s lowest-income neighborhoods.
Broker Public Portal becomes Cribio, chooses the consumer’s side
Since its founding in 2014, the Broker Public Portal has worked hand-in-hand with MLSs to aggregate data and streamline access for consumers.
Banks earned $1 trillion windfall during Fed’s high-rate period
Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers.
Tech Pulse: Real estate referral landscape; new e-sign tool
Real estate agents are navigating a shifting lead-gen landscape — balancing referrals, paid portals like Zillow, and tech tools such as CRMs.
Help exists for cash-strapped homebuyers — but many don’t know it
Three experts — a former agent, an economist and a down payment program founder — talk about the decline in housing affordability and what help is out there.
Florida Realtors builds e-sign tool available nationwide
The tool — Sabal Sign — provides unlimited signing sessions, mobile-friendly workflows and compliance with U.S. electronic signature laws.
Foreclosure filings rise 18% year over year in August
Lenders started foreclosure proceedings on 24,254 properties in August, a slight decrease from July but up 17% from last year.
Texas bill targets deed fraud, but expert points to online loopholes
Senate Bill 15 would require clerks to ask for identification when property transactions are filed in person.
Fannie Mae: Consumer housing sentiment slips in August
More positive outlooks for mortgage rates and homebuying conditions were not enough to offset declines in seller sentiment, home-price expectations, household income growth and job security.