Trending News: November 13, 2024

Fed cuts interest rates by 25 bps…what will Trump’s victory indicate for future moves? Meanwhile, iBuyer Opendoor lays off 300 workers and NAR steers clear of Clear Cooperation Policy at NXT.

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Show Notes

Opendoor lays off 300 workers after posting $78M Q3 loss: The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14% from Q2 and 26% from a year ago. Read more

Fed cuts interest rates by 25 bps, but Trump’s victory sows doubts on future moves: Monetary policy watchers see modest rate cuts — or none at all — on the horizon. Read more

NAR steers clear of Clear Cooperation at its big event: A National Association of Realtors spokesperson told Inman that the trade organization is continuing to gather feedback on the pocket listing rule through ‘many channels’. Read more

Music by: Gloria Tells from Epidemic Sound

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