The Real Estate News Brief: All-Cash Home Buyers, Huge Lawsuit Against NAR, Single-Family Rent Growth

In this Real Estate News Brief for the week ending February 24th, 2024... the 2023 numbers for all-cash home buyers, where NAR stands on a huge class-action lawsuit, and what’s happening with single-family rent growth.   We begin with economic news from this past week. Minutes from the Federal Reserve’s late January meeting show that Fed officials are more concerned about cutting rates too soon than they are about waiting too long. Released this last week, the minutes show that most committee members were concerned about the risks of going too fast while only a few were concerned about the opposite. Chief U.S. economist for Oxford Economics, Ryan Sweet, told MarketWatch that he’s worried this approach “could turn a soft landing into a bumpier one.” He added: “If the central bank waits for clear signs that the labor market, or the broader economy, is deteriorating, they will be behind the curve.”...   ...You’ll find links to all these stories in the show notes at newsforinvestors.com. You should also check out some of our webinars under the Learn tab if you’d like the latest on my 2024 forecast. Sign up for a free RealWealth membership and you’ll have access to our entire site, including data on individual markets and why investors are choosing them for their portfolios. And don’t forget to subscribe to this podcast, if you haven’t already!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/fed-officials-more-worried-about-cutting-rates-too-fast-than-moving-too-slow-minutes-show-ed35f77c?mod=federal-reserve   2 - https://www.marketwatch.com/story/feds-jefferson-says-he-expects-rate-cuts-later-this-year-e08f7383?mod=federal-reserve   3 - https://www.marketwatch.com/story/jobless-claims-drop-12-000-to-201-000-in-feb-17-week-743ca6c6?mod=economy-politics   4 - https://www.marketwatch.com/story/home-sales-rose-in-january-despite-record-high-prices-as-buyers-seized-on-lower-rates-1802758d   5 - https://www.freddiemac.com/pmms   6 - https://eyeonhousing.org/2024/01/all-cash-share-of-new-home-sales-remains-elevated-in-2023/   7 - https://www.reuters.com/legal/litigation/home-buyers-can-sue-brokerages-over-real-estate-commissions-us-judge-rules-2024-02-21/   8 - https://www.corelogic.com/press-releases/corelogic-us-annual-rent-growth-remains-slow-steady-december/