Fed patches a potential chink in armor protecting its independence

A vote to reappoint 11 of the Fed’s 12 regional bank presidents puts an end to speculation that Trump administration might try to unseat inflation hawks opposed to interest rate cuts. Continue reading

DoJ opens criminal investigation into Fed Governor Lisa Cook

Cook’s attorneys say she did not commit mortgage fraud, and is being targeted by the Trump administration to undermine the Federal Reserve’s independence. Continue reading

Mortgage rates are headed up again on June CPI inflation report

Inflation moved away from Fed’s 2 percent target for the second month in a row, with the cost of goods and services rising 2.7 percent from a year ago, up from 2.3 percent in April. Continue reading

Kelman: ‘I probably should have closed the iBuying business earlier’

Redfin’s CEO told the “AP” he wishes he’d closed RedfinNow earlier than during the market correction taking place, calling the business model too risky and expensive. Continue reading

Hundreds of public figures escaped taxes through real estate: Report

A new trove of documents details how the wealthy and well-connected have used shell companies to conceal real estate transactions. Continue reading

Appraisal licensing controversy engulfs South Dakota governor

Gov. Kristi Noem has been accused of committing an “abuse of power” while her daughter was trying to become a licensed appraiser. Continue reading

Price drops and slow sales: The new normal at NYC Trump properties

Trump-branded condos are a steal right now in New York City, selling well below market price, but does anyone want to live in them? Continue reading

2 more indicted in kidnapping and murder of Minnesota agent

Two more people have been indicted in the 2020 murder of Minnesota real estate agent Monique Baugh, who was lured into a fake home showing and then shot to death last January. Continue reading