Fed Officials Warn on Inflation Risks, Phoenix Realtors® Settle MLS Dispute, REMAX Reports Decline in Revenue but Strong Profit Growth

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Fed Officials Warn on Inflation Risks

Federal Reserve officials are expressing continued concern about inflation despite recent signs of economic stabilization. St. Louis Fed President Alberto Musalem warned that rising inflation expectations could force the central bank to maintain a more restrictive policy stance. Speaking before the Economic Club of New York, Musalem said the risk of unanchored inflation expectations is higher due to persistent price pressures, which could delay any future rate cuts.

Similarly, Federal Reserve Governor Adriana Kugler echoed these concerns, citing last week’s data showing consumer prices reaccelerated to a 3% annual growth. Kugler, in a speech Thursday, defended the Fed’s decision to pause rate cuts in January, pointing to the diminished risks to employment but the continuing upside risks to inflation.

Meanwhile, Atlanta Fed President Raphael Bostic emphasized that policy uncertainty, including the potential impact of inflationary tariffs, is creating a complex backdrop that calls for caution and humility in future decisions.

With these concerns in mind, financial markets are betting that the Fed will keep rates steady during its next meeting in March, as the central bank remains on guard against inflation’s persistent grip on the economy.

Source: Link

Phoenix Realtors® Settle MLS Dispute

Phoenix Realtors® has dropped its controversial MLS Choice program under pressure from the National Association of Realtors, ending a dispute that risked the loss of its charter. The MLS Choice program allowed non-Realtors® to access the MLS at half the price of a regular membership, which the NAR viewed as a violation of its policies.

The move brings the Phoenix association back into compliance with NAR’s Constitution and Bylaws, resolving the charter revocation proceedings that began in December 2024.

While Phoenix Realtors® will still offer non-Realtors® access to the Arizona Regional MLS, they clarified that this is not a membership, and those purchasing MLS access are not considered Realtors®. Both sides have agreed to a solution, with Phoenix Realtors® emphasizing its commitment to the Realtor® brand and its partnership with NAR to support the success of real estate professionals.

Source: Link

REMAX Reports Decline in Revenue but Strong Profit Growth

RE/MAX Holdings, Inc. has reported its fourth-quarter 2024 results. The company posted total revenue of $72.5 million, a 5.4% decrease compared to last year. Revenue excluding marketing funds fell 3.9% to $53.8 million, primarily due to a decline in U.S. agent count and unfavorable foreign exchange rates. Despite this, RE/MAX saw a strong jump in net income, reaching $5.8 million, with earnings per share at $0.29.

Adjusted EBITDA rose 1.6%, totaling $23.3 million, with adjusted earnings per share at $0.30. The company also experienced a modest increase in agent count, which rose by 1.2% to 146,627 agents.

Looking ahead to 2025, RE/MAX expects modest agent count growth, with revenue projections between $71 million and $76 million and adjusted EBITDA ranging from $16 million to $18.5 million.

Source: Link

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