Absentee Bid:This is a way that you can bid even if you cannot attend the auction in person. Check with the auction of interest to see if this is available and how they make the bids for you. Many places allow written absentee bids, phone-in bids, and even online bidding.
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The Fed may need to cut rates at its next meeting due to growing risks to the economy, including some “unusual” behavior in the job market that could become a cause for concern, Fed Chair Jerome Powell said Friday.
Auctions typically have a set date and time, creating a sense of urgency for buyers to make a decision. This urgency can motivate potential buyers to act quickly and decisively.
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Dallas Tanner, Invitation Homes CEO, joins 'Money Movers' to discuss the July new home sales beat on estimates and what it means for the housing market.
At Mountain Lake Realty, we believe selling your home in Arizona shouldn’t cost you a fortune in commissions. That’s why we created a modern, flat-fee solution that gives sellers all the essential tools, professional exposure, and support they need—while keeping more money in their pocket. For savvy homeowners, investors, and builders, our approach means retaining control, saving thousands, and still getting your home in front of buyers on the MLS and top sites like Zillow, Trulia, Realtor.com, and Redfin.
Behind our brokerage is Thomas A. Mastromatto, a licensed real estate broker with more than 20 years of experience in Arizona residential and investment sales. Since 2016, Thomas has successfully closed over 1,200 flat-fee transactions, demonstrating that this model works. Fully licensed and compliant through Mountain Lake Realty, he continues to deliver results for sellers across the state.
The savings are real. In Arizona, traditional agents often charge 5.44% of the sale price. That means on a $441,000 home, you could easily pay over $24,000 in commissions. With our flat-fee structure, your costs are drastically reduced. For example, the same home could be sold with our services for around $12,200 total—putting more than $11,000 back in your pocket.
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Federal Reserve Chair Jerome Powell suggested that the board is ready to start cutting rates, which could mean a boost for home sales and construction.
Here’s what’s unfolding in the markets today (August 22, 2025) following Fed Chair Jerome Powell’s remarks at the Jackson Hole symposium:
Key Developments
Powell Signals Possible Rate Cuts
At Jackson Hole, Powell adopted a notably dovish tone, acknowledging signs of labor market weakness and welcoming the possibility of lower interest rates, potentially as early as September. He emphasized that decisions will remain data-driven and independent from political pressures.ReutersAP News
Mortgage Rates Drop & Real Estate Stocks Rally
Mortgage rates dropped to 10-month lows, reflecting bond market reactions to Powell’s comments.The Economic TimesTradingView
The Dow Jones soared by approximately 800–846 points, reaching a new record high. The S&P 500 and Nasdaq also posted gains of around 1.4–1.9%.AP NewsInvestors.com
Homebuilder stocks soared, with the SPDR S&P Homebuilders ETF (XHB) up around 4.5–5%.ReutersInvestors.com
Overall, investors increasingly priced in a September rate cut, with odds jumping from the 70% range to 89%.Reuters
Summary at a Glance
Market Segment Trend / Reaction Mortgage rates Declined to ~10-month lows as yields dropped Real estate stocks Wider sector rallied, including commercial REITs and homebuilders Broader equities Major indexes rallied significantly—Dow, S&P 500, Nasdaq up Rate cut odds Market now sees high likelihood (up to ~89%) for a September cut
What This Means for You
Homebuyers may find more favorable mortgage rates soon—as long as this dovish tone persists.
Investors in real estate-related sectors, including homebuilders, brokerages, and REITs, are seeing renewed interest and upside momentum.
Market sentiment has turned more optimistic overall, betting on easing monetary policy and slower economic growth.
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