We said on December 14th in 2015 Interest Rate Outlook, “In a just released interview, the Aden sisters cautioned that if “…asset prices …come back down, that’s going to cause significant economic headwinds. I’m of the camp that says, well, things aren’t quite as great as they seem to be, and in particular we’re going to have very limited abilities of the Federal Reserve side in particular to tighten at some point, to raise interest rates.” [...]

A press release announces LA Market Real Estate introduces new process to sell property with zero commission to sellers in Los Angeles. That is about 6% saving for homeowners on the selling price who sell property with zero commission and that enables the sellers to price the property at much more attractive range. Is the rise of the discount real estate broker the same as the move in the early 1990s to the discount stock broker business? I ask because of the press release and interesting article in Reality Biz News, “In many real estate markets, real estate agents have had to change their selling methods for that 3-bedroom, 2-bath bungalow in California or condominium in Florida.” [...]