Shrinking economy bolsters the case for a June Fed rate cut

Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth. Continue reading

UWM expands its Rocket rivalry into mortgage loan servicing

Long-term agreement with ICE Mortgage Technology will help nation’s largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals. Continue reading

Nest Seekers International launches art division

With Collections, Nest Seekers will provide a bridge for clients seeking acquisition and management services for art and other collectibles, whether for decorative, investment or collections purposes. Continue reading

Dwell Residential joins Engel & Völkers in Park Slope

The new office of the previously indie firm marks license partner Donald Brennan’s third Engel & Völkers shop in the Brooklyn and North Fork areas. Dwell co-owner Luis Martinez will serve as an associate broker. Continue reading

Anyone.com promises 1st fully digital home sale

A new software application called “Anyone” that promises to fully digitize the residential home sale has announced its rollout in the United States. Continue reading

This spring, East Coast agents see signs of emerging buyer’s market

Inventory is up and rates are down as fewer buyers face stiff competition and successfully find homes in less than a month, according to new data shared by BrightMLS. Continue reading

Nominations closing for luxury real estate’s highest honors

The deadline for the real estate community to submit entries for Inman’s Golden I Club is Thursday. Nominate yourself, a colleague, company or campaign and inspire the industry. Continue reading

Pending home sales jump as buyers eye lower mortgage rates

According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain since December 2023, when pending sales rose 7 percent. In contrast, February on… Continue reading

New Necessities: Young Americans redefine essential spending amid economic uncertainty 

While it’s fair to say Americans are living through a cost-of-living crisis, some seem to be embracing a “life goes on” mentality when it comes to spending. It raises the question: have we started to adjust to a new economic normal – not by cutting back, but by redefining what we’re not willing to live […] Continue reading

Fannie Mae forecasting higher 2025 inflation, slower growth

Slowing economy could also help bring mortgage rates down to Earth more rapidly, with the latest forecast predicting rates will drop to 6.2 percent by the end of this year and to 6 percent next year. Continue reading