Eric Chesin, the chief strategy officer for Anywhere Real Estate, believes the industry is in the middle of a “magic moment for progress and change” brought about by the ongoing revolution in artificial intelligence.. “It basically threw all of us into transforming our business,” Chesin said from the stage Tuesday at HousingWire’s AI Summit. “The […]
Anywhere’s Eric Chesin on AI transformation in real estate Read More »
Pundits, politicians, and everyone else can continue to assume that mortgage rates will respond to changes to the Fed Funds Rate. Meanwhile the bonds that actually dictate mortgage pricing will continue responding to the most important economic reports. The two biggest examples are the monthly jobs report and today’s release of the Consumer Price Index
Mortgage Rates Hold Steady After Key Inflation Report Read More »
The impact of Trump-era tariffs on goods and services is starting to trickle through the economy, but for now, the effect on inflation appears minimal, raising expectations for a potential interest rate cut in the near term. The July Consumer Price Index, released Tuesday, showed headline price growth of 2.7% over the previous year, the
Fed faces key choice on rates after latest inflation report Read More »