Economy

The Federal Open Market Committee lowered the fed funds rate target to between zero and ¼% in an emergency meeting on Sunday, but while analysts say the move was needed, they feel it will take more to offset the effects of COVID-19.

The social and economic impact of the coronavirus, not necessarily Covid-19 itself, has homebuyers and sellers on edge and is changing the way Realtors do business.

Increased refinancing volume led Fannie Mae to raise its 2020 estimate by $300 billion and 2021 projection by $280 billion.

Median prices for Maui homes sold last month moved modestly, but in opposite directions for single-family houses and condominiums, according to the Realtors Association of Maui.

Banks may be protected from a direct hit, but they have invested in vehicles that include such loans, potentially exposing them to defaults.

With the return of volume and profitability to mortgage lending, it is no surprise that commercial banks are coming back to the market.

Buying a home became slightly more attractive compared to renting in the fourth quarter, as the likelihood of another huge value drop decreased, an index from two Florida universities found.

The real estate market appears to be recovering in Monroe County, Pa., as home values are up and days on market are down.

Home sales in Lafayette Parish, La., set a record in February and is outpacing the region when it comes to year-over-year growth.

Fannie Mae and Freddie Mac coming out of conservatorship and transitioning into public utilities would be the ideal for small mortgage lenders, according to trade-organization representative Robert Zimmer.