Real Estate News Brief - Fed Rate Cut? Home Price Growth? Fortune Cookie Lottery Win!


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In this week's Real Estate News in Brief… when we might see the next rate cut, where home prices are going, and how one tiny fortune cookie lived up to its name... We begin with economic news from this past week. Lower mortgage rates did little to encourage home builders in April. The Census Bureau says private sector construction was down almost 2% from the previous month. The National Association of Home Builders blames that on a labor shortage, saying that homebuilders remain optimistic about the housing market. The builder’s association says there’s also concern about higher costs for materials which could “limit robust growth.”

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