President Trump has tweeted that the “boneheads” at the Federal Reserve should lower interest rates to “zero” or “less,” but Federal Reserve Chairman Jerome Powell took a more moderate approach. Continue reading
Every thought in President Trump’s tweets is mistaken, which markets and businesses understand. They also understand that these tweets have no effect on Fed decisions. However, the erroneous content is worrisome because he does directly control trade a… Continue reading
Markets preoccupied with tariffs and are trading on Brexit, and they really shouldn’t bother. Continue reading
After Federal Reserve Chair Jerome H. Powell’s long-awaited speech early Friday morning, which was calming to markets, President Trump and China unleashed their fury — one on Twitter, the other in the form of new tariffs on the U.S. Continue reading
Investment management firm BlackRock now owns a stake in the real estate holding company valued at approximately 16 percent. Continue reading
The National Association of Realtors affordability index dipped for the third straight month in May, meaning the typical family had less estimated income to afford a home at the national median price, according to data released Friday. Continue reading
Annual home prices gains are showing a continued decline, according to the monthly Case-Shiller U.S. National Home Price NSA Index released Tuesday. Continue reading
Sales of new, single-family homes dropped 6.9 percent from December to January and were down 4.1 percent year-over-year, according to the Census Bureau. Continue reading
Those earnings represent an increase of 30 percent compared to the fourth quarter of 2017, the company also revealed. Redfin also saw a net loss in the final three months of 2018 of $12.2 million, compared $1.8 million during the same period in 2017. Continue reading