🏡 Inflation Takes a Hike: Annual inflation dropped to 3% in June, the lowest in over three years, increasing the likelihood of a September Fed rate cut — Realtor.com

📉 Soooo…Rate Cuts Ahead? Jerome Powell stated that the central bank won't wait until inflation hits 2% to cut interest rates, emphasizing that waiting too long could drive inflation below the target — CNBC

🏡 Rate Rollercoaster: NAR Chief Economist predicts 6% mortgage rates as the "new normal" and advises consumers to buy now before rates drop, avoiding future market frenzies — Inman

🏦 Debt Duo: JPMorgan and Wells Fargo reported a combined $3.5B loss due to surging bad debt, with delinquent loans driving significant financial hits — DH

💸 Renters' Market Mania: Apartment oversupply in Florida and Texas is driving down rents, allowing renters to enjoy perks like free parking and discounts — CRE Daily

💥 Wowzers: Multifamily loan delinquencies nearly tripled in six months, with a 185% surge from January to late June — TRD

😓 ...And This: Foreclosures are expected to rise slowly in the latter half of 2024, but industry leaders predict a soft landing for the housing market — HW

🛠️ Fixer-Upper Follies: 57% of Gen Zers are willing to buy fixer-upper homes for affordability, but some already regret the decision due to the unexpected challenges and costs — CNBC

🥊 Portal Wars Drama: Realtor.com CEO accused CoStar of making "deceptive and misleading" claims, emphasizing his company's focus on high-quality leads and plans to leverage its parent company News Corp's network amid the intense competition — Inman