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The Real Estate News Brief: Rate Cut Predictions, Major Cities Attracting Home Buyers, AI’s Impact on CRE

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In this Real Estate News Brief for the week ending April 6th, 2024... more prognostications on when the central bank may cut rates, which major cities are attracting the most home buyers, and why artificial intelligence could have a negative impact on commercial real estate.   We begin with economic news from this past week. Fed Chief Jerome Powell expressed caution about when we might see the first interest rate cut. While many economists have been predicting three rate cuts this year with the first happening in June, Powell said it’s too soon to say exactly when it may be appropriate to begin the rate cutting process. He spoke at Stanford University saying: “Recent readings on both job gains and inflation have come in higher than expected” and that policymakers believe rate cuts may be possible later this year but they need “greater confidence that inflation is moving sustainably down” toward the central bank’s 2% target...   ...That’s it for today. To keep up with the latest in real estate, the economy, an