C Land News Brief
Mortgage Interest Rates Review
Broker fee dispute is in favor of Tenant
브로커 피 세입자 전가 금지, 그대로 유지
Korea Daily 9/19/25(Fri)
- REBNY( Real Estate Board of NY) filed the appeal to object “FARE Act” which bans to impose the broker fee to the tenants, claiming that the Act is illegal, but the court rejected the appeal.
- Landlords also objected the Act reasoning that it will let agent hesitate listing on the market and prohibit the freedom of expression, and will induce increasing the rent.
- According to StreetEasy, the rent has increased by 5.3% compared to the rent before the FARE Act.
Modern-day Castle sells for record-breaking $17.7M.
현대판 ‘성’ 같은 주택, 기록적인 가격 $17.7M 에 거래
Suburbanite 9/18/25(Thu)
- A 25,700 sf French Chateau-inspired estate, referred to as a “modern-day castle,” set New Jersey real estate records when it sold Sep. 9 for $17.7M in one of the state’s most exclusive neighborhoods, Alpine.
- Known as Chateau de la Roche, the property at 48 Rio Vista Drive in Alpine is the highest-priced residential sale ever in the borough’s prestigious Rio Vista enclave; the priciest home sale in Alpine since January 2022; and Bergen County’s most expensive sale in nearby 4 years.
- While it is not the state’s highest-priced sale overall in 2025 – that title is held by the $25M home at 17 Washington Ave, Spring Lake – it is the priciest residential sale recorded in NJMLS within the last 3 years.
$17.7M house sold in Alpine, NJ
48 Rio Vista Drive in Alpine,NJ ($17.7M)
The Fed Rolls Back Recession Risk.
연준, 경기불황 조짐에서 벗어나…
WSJ 9/19/25(Fri)
- Whatever probability you put on recession a few weeks ago, it should be lower now that the Federal Reserve has cut interest rates.
- The cut was just a quarter percentage point, to a range of 4% to 4.25%. Still, the mere fact of the cut and the likelihood of more to come show that the Fed is now prioritizing growth in a way that makes a recession much less likely.
- As expectations of rate cuts grew, the benchmark 10-year Treasury note’s yield tumbled from 4.4% to just above 4%, and the two-year yield fell even more.
- On Wednesday, the 10year yield briefly dipped below 4% on news the Fed cut rates and penciled in two more reductions this year. Then it reversed course and finished the day at 4.08%. This might seem odd, but actually makes some sense. If a recession is less likely, then so are really big rate cuts, and that limits how far bond yields should drop.
Georgia Governor Kemp visits Korea with Urgency.
GA 주지사 급히 한국 방문
Savannah K Times 9/21/25(Sun)
- Georgia Governor Brian Kemp is making an urgent visit to South Korea to address the fallout from the immigration crackdown at the Hyundai plant. According to the Atlanta Journal-Constitution (AJC) on the 21st (local time), the nature of Governor Kemp’s visit drastically changed following the detention of 475 Korean workers on September 4th.
- Originally aimed at comprehensive economic cooperation, the visit’s focus shifted to emergency response to resolve the diplomatic issue between the two countries and alleviate concerns about business disruptions.
- Governor Kemp is moving quickly to address the situation. He emphasized the long-standing trade cooperation with South Korea and proposed to the federal government that simplified visa procedures should be established to allow Korean company employees to work smoothly at facilities in Georgia.
Fewer File for Unemployment Benefits.
신규 실업 수당 신청 감소
WSJ 9/19/25(Fri)
- The number of Americans who newly filed for unemployment benefits declined sharply last week, the Labor Dept. said Thursday. In the week through Sept. 13, jobless claims filings fell to 231,000, down from an upwardly revised 264,000 a week earlier. Continuing claims, an indicator of the size of the total unemployed population, came in at 1.92M in the week through Sept. 6, compared with 1.93M a week earlier. The continuing-claims data lag the initial-claims data by a week.
- Still, there is broader evidence that the labor market is weakening across the country. Over the past three months, the economy has added fewer than 30,000 jobs a month on average, down from a rate well above 100,000 a month earlier this year. Unemployment remains modest but ticked higher to 4.3% in August.
- The Fed cited downside risks to the labor market Wednesday to explain the Fed’s first interest-rate cut of 2025, a quarter-point reduction.
Initial jobless claims, weekly
Where Mortgage Rates Go From Here.
모기지 이자률, 여기서 부터 어디로?
WSJ 9/19/25(Fri)
- While the Fed has begun cutting rates again, there are many other factors that affect the cost of home loans. With the Federal Reserve in cutting mode, many people expect mortgage rates to fall fast. But it isn’t that simple.
- A key benchmark for mortgages is the yield on 10-year U.S. Treasurys, since that is about the amount of time a homeowner might hold a mortgage before moving or refinancing. The yield on those notes helps determine the price investors pay for bonds that pool many individual mortgages.
- Perhaps the current feeling is that inflation is mostly under control and the bigger risk is job losses due to a slowing economy. In that case, lower rates might not put as much upward pressure on prices, causing inflation fears to recede. That, in turn, could lead to lower mortgage rates, revived home-buying activity and more housing supply that helps keep home prices in check.
Hyundai Plans to Boost Its Production In the U.S.
현대자동차, 미국내 생산 증가 계획…
WSJ 9/19/25(Fri)
- Hyundai Motorlifted its revenue outlook for the full year and said it plans to boost manufacturing in the U.S. as it looks to increase production by 2030.
- The Korean carmaker raised its revenue growth target for the year to a range of 5% to 6%, up 2 % from its January estimate. It also lowered its operating profit margin target to 6% to 7%, down 1 %, citing the effect of new U.S. tariffs.
- Hyundai Motor said it is spending more on U.S. production because it wants to produce more than 80% of its vehicles sold there domestically by 2030. The company also plans to invest 15.3 trillion South Korean won, or $11 billion, to expand production capacity and establish a robotics ecosystem in the U.S., as part of its broader $26 billion commitment to U.S. investing.
- The carmaker said it intends to add 200,000 units to production capacity at the HMGMA by 2028, creating 3,000 new jobs, which marks the second phase of an investment plan announced in August. Eventually, Hyundai aims to add 500,000 total units of production capacity at the plant.
Via, Waymo Team Up to Bring Robotaxis to Public Transit.
와이모, Via와 협력해 로보택시를 공중 교통수단에
WSJ 9/19/25(Fri)
- Via Transportationand Alphabet’s Waymo are partnering to bring robotaxis to public transit, starting with a suburb of Phoenix.
- The companies said on Thursday that government agencies that use Via’s software would now be able to offer Waymo’s autonomous service in their public transportation networks in an effort to boost safety and eventually lower costs.
- The partnership will launch this fall in Chandler, Ariz., which already partners with Via to offer shared, on-demand rides around a designated zone for a set price of $2 a ride. The service will now include Waymo vehicles among Via’s existing fleet of vans.
- Waymo, meanwhile, said Tuesday it is working with Lyft to bring its autonomous ride-hailing service to Nashville, Tenn., starting next year.
