Real estate's January report card

Guest perspective: Are more rate cuts coming?

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

We are most likely in a very mild recession right now. Unemployment spiked in December, and consumer confidence has fallen to 88.6, which is well below the long-term average of 98.6. The Fed now knows that it should have dropped rates further last year. We’ll see just how far the Fed moves at its next meeting on Jan.