Today: December 14, 2024
Today: December 14, 2024

Real Estate

Economy|Finance|US

US pending home sales rise for third straight month, NAR says

Contracts to buy U.S. previously owned homes rose unexpectedly in October, notching a third straight month of increases, despite high mortgage rates and as inventory of properties for sale

US pending home sales rise for third straight month, NAR says
Economy|Finance|US

U.S. housing affordability to worsen even as price rises slow: Reuters poll

Purchasing affordability for first-time U.S. homebuyers will worsen over the coming year on tight supply and just a few more Federal Reserve interest rate cuts

U.S. housing affordability to worsen even as price rises slow: Reuters poll
Business|Economy|Finance|US

Federal agency raises the size of most single-family loans the government can guarantee to $806,500

The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices

Federal agency raises the size of most single-family loans the government can guarantee to $806,500
Economy|Finance|US

US new home sales tumble to two-year low in October

Sales of new U.S. single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to the sidelines and hurricanes

US new home sales tumble to two-year low in October
Economy|Finance|US

US monthly house prices rise strongly in September

U.S. single-family house prices increased solidly in September, which together with a resurgence in mortgage rates will further reduce affordability for many prospective

US monthly house prices rise strongly in September
Economy|Finance

German home prices to climb 3% next year on lower rates: Reuters poll

German home prices will reverse their relentless two-year fall and rise 3% next year and in 2026 on lower borrowing costs, according to analysts polled by

German home prices to climb 3% next year on lower rates: Reuters poll
Economy|WrittenByLAPost

The End of 5%? Landmark Case Could Reshape Real Estate Commissions

A federal jury in Missouri delivered a $1.8 billion verdict against the National Association of Realtors and three major real estate brokerages on Tuesday, finding them guilty of illegally inflating commissions by conspiring to require home sellers to pay the buyer’s agent. This landmark antitrust case could reshape how homes are bought and sold in America by potentially changing the traditional compensation structure, where seller’s agents split a 5-6% commission with the buyer’s agent. For decades, it has been standard practice for home sellers to pay their listing agent a commission, typically around 3% of the sale price, which is

The End of 5%? Landmark Case Could Reshape Real Estate Commissions

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