Real Estate News 12/13/2024

Today’s News Synopsis:

In The News:

Redfin – “Renters Are Less Likely Than Homeowners to Feel a Sense of Belonging in Their Neighborhood“ (12-13-24)

“47% of renters feel a sense of belonging in their neighborhood, compared with 64% of homeowners, according to a new Redfin survey.”

Yahoo Finance – “November CPI inflation data meets forecasts, cementing Fed rate cut bets“ (12-11-2024)

“New inflation data out Wednesday showed consumer prices rose as forecast in November, keeping the Federal Reserve on track to lower interest rates again in December.”

Governing –  “Landlords Are Using AI to Raise Rents. California Cities Are Leading the Pushback“(12-11-24)

“Eight states and the U.S. Justice Department have sued over the practice. The company whose software is used by many landlords says it helps renters as well.”

CNET –  “Here’s How Trump Will Affect the Housing Market in 2025: A Realtor’s Perspective” (12-13-24)

“It’s not easy to predict how a second Donald Trump presidency might affect the housing market. While much of what’s out there is speculation, we can look at his past policies and campaign promises to get a better idea of what might happen. ”

CNBC –  “The 3 most expensive ZIP codes in every U.S. state—see how yours compares” (12-11-24)

“The priciest ZIP codes in the U.S. are coastal, wealthy enclaves or luxury vacation destinations where homes typically cost more than $4 million, according to a recent RealtyHop report.”