Real Estate News 12/11/2024

Today’s News Synopsis:

In The News:

Forbes – “The Curious Case Of AI And Its Impact On Real Estate“ (12-10-24)

“Generative AI, with its intricate network of algorithms, embodies the paradox of modernity. The more it replicates human thought, the more it delineates its own limitations, highlighting the transcendent attributes that define our humanity.”

HousingWire – “Opposition to approval of NAR’s settlement continues“ (12-11-2024)

“The Burton suit plaintiffs have filed an appeal of Judge Bough’s ruling, joining Robert Friedman, Monty March and the Spring Way Center in filing appeals”

Redfin –  “2024 Local Election Results Show Voters are Willing to Spend Big on Affordable Housing“(12-05-24)

“The 2024 election results show that voters are willing to greenlight big spending to fund affordable housing. Across the country, cities and states approved hundreds of millions of dollars in bonds and taxes to increase housing supply. But the question remains—given existing regulatory barriers like zoning and red tape, will that money be spent where it’s needed most?”

MPA Mag –  “Mortgage rates fall to lowest since mid-October” (12-05-24)

“US mortgage rates dropped to the lowest level since mid-October and spurred a financing flurry for home purchases during the week that included the Thanksgiving holiday.”

CNBC –  “Powell says he’s not worried about the Fed losing its independence under Trump” (12-04-24)

“Fed Chair Jerome Powell said Wednesday he isn’t worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January.”