Real Estate News 01/20/2025

Today’s News Synopsis:

In The News:

Yahoo Finance – “Fed’s Waller still sees rate cuts in 2025 despite Trump tariff talk“ (01-08-25)

“”I believe that inflation will continue to make progress toward our 2% goal over the medium term and that further reductions will be appropriate,” Waller said during a speech in Paris.”

Redfin News – “Los Angeles Wildfires: Redfin’s Latest Local Housing Market and Rental Data“ (01-17-2025)

“For people who have been impacted by the wildfires, Redfin has put together a list of resources, including temporary housing options and insurance information. Our hearts go out to Southern California during this extremely challenging time.”

Realtor.com –  “HOA Fees Are Rising—and Getting Harder for Homebuyers To Avoid“(01-15-25)

“On top of the other challenges faced by homebuyers in today’s market, homeowners association fees are rising and becoming more prevalent.”

CBS News –  “HELOC vs. reverse mortgage: Which will be better in 2025?“ (01-15-25)

“While both of these products offer unique benefits to homeowners, they may not be right for everyone.”

MSN –  “Why mortgage rates are still high despite the Fed rate cuts” (01-14-2025)

“The moves dropped the federal funds rate — the rate banks charge to lend each other money — from a range of 5.25% to 5.50% in September to 4.25% to 4.50% in December.”