Homebuyers hoping for Fed relief may be waiting until 2027

Goldman Sachs pushed its next expected Fed rate cuts into 2027, while J.P. Morgan expects the central bank to stay on hold this year.

Existing-home sales hit highest level since December

Existing-home sales rose 3.2 percent in May to a seasonally adjusted annual rate of 4.17 million, the highest level since December, according to NAR. The median price hit $429,300, marking 35 consecutive months of year-over-year gains.

EXp promotes marketing chief Wendy Forsythe to COO

Wendy Forsythe has been promoted to Chief Operating Officer at eXp Realty, the cloud-based brokerage announced this week.

Fannie Mae just approved a Bitcoin-backed home loan for the first time

Better Home & Finance and Coinbase have funded the first Fannie Mae-backed mortgage collateralized by Bitcoin, with plans to open the product to qualified borrowers nationwide by this summer.