The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and Iran war-related disruption. Excluding food and energy (so-called “core inflation”), the headline PCE price index increased by 0.3%, according to the latest report from the Bureau of Economic Analysis. Year-over-year, the PCE price index increased…
Even with continued challenges in the housing market, 75% of Realtors® are “very certain” that they will remain active in real estate for at least two more years, according to the National Association of Realtors®’ (NAR) 2026 Member Profile of its 1,438,569 current members. NAR’s report identified a resilient batch of members, who saw a…
For the first time since 2023, more than half of consumers say that buying a home is a better option than renting, per the latest findings from Bank of America, a potentially positive sign for the near-future housing market amid broader economic uncertainty. The bank’s 2026 Homebuyer Insights Report found that 53% of 2,000 respondents…
Mortgage rates remain elevated but application volume remains higher than last year at this time, according to the latest data from the Mortgage Bankers Association (MBA). The latest Market Composite Index from the MBA—its measure of mortgage loan activity volume and includes purchases and refinances—shows little change in application activity this week, increasing 1.0% on…
Above, Jonathan L. Mechanic The Real Estate Board of New York (REBNY) announced that Jonathan L. Mechanic, chairman of law firm Fried Frank’s Real Estate Department, has been elected to serve as the next chair of REBNY. His election marks the first time in REBNY’s history that a practicing attorney will lead the organization. “Jonathan…
Above, from left: Howard ‘Hoby’ Hanna and John Featherston Howard Hanna Real Estate Services has seen significant growth and expansion over its nearly 70 years in business, even amid the intense consolidation currently taking place in the residential real estate industry. During the latest RISMedia Industry Briefing, RISMedia Founder and CEO John Featherston sat down…
Affordability and decreased buyer demand continue to put downward pressure on the housing construction industry, with new-home sales seeing a significant month-to-month dip in the latest data from the Census Bureau and the Department of Housing and Urban Development. The New Residential Sales report saw new-home sales fall 7.3% to a rate of 580,000 in…
When Nick Van Assche set out to grow Sea Glass Properties into a full-fledged franchise operation, he knew that vision without infrastructure was just a dream. As a partner at the Virgin Islands-based brokerage with 140-plus agents that has sold over $2.4B of resort/lifestyle/second-home real estate and an emerging franchisor with ambitious expansion plans, Van…
The long-debated 21st Century ROAD to Housing Act made it past its final vote in Congress when the House approved the omnibus bill by a 358-32 vote last night. However, on its last leg to passage, it hit a snag when President Donald Trump announced on social media this morning that he was canceling the…
A federal judge has ordered two of the real estate defendants in the high-stakes Taylor v. Zillow class-action lawsuit to resolve their claims through arbitration, effectively pulling them out of court proceedings for now. U.S. District Judge James L. Robart granted a motion to compel arbitration filed by Real Broker, LLC and Florida-based Frano Team…
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