Some policymakers raised the possibility of rate increases if inflation proves more stubborn than expected. The Federal Reserve held its benchmark interest rate steady at its March 17-18 meeting, but minutes released... Read more »
MBA economists Mike Fratantoni, Joel Kan and Judie Ricks wrote that the forecasts show 2025 GDP growth of 1.6% and a 35% chance of a recession over the next 12 months. Growth... Read more »
A coalition of 34 Democratic senators and representatives submitted a letter this week to President Joe Biden, urging him to direct the U.S. Department of Justice (DOJ) to investigate the pricing practices... Read more »
The U.S. Department of Justice on Friday sued a major real estate firm, alleging the company’s algorithmic software enables landlords across the country to set rent at artificially high rates. The lawsuit,... Read more »
Federal Reserve Chair Jerome Powell left the door open to a future interest rate hike on Wednesday, but most housing professionals are hopeful that the Fed may be done hiking interest rates... Read more »