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February home sales spike 9.5% as supply improves
Jeff Greenberg | Universal Images Group | Getty ImagesSales of existing homes surged 9.5% in February from January to 4.38 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. Housing analysts had been expecting a slight drop.Sales were down 3.3% year over year, but it was the largest monthly […]
Buying in a Historic District Can Be a Gold Mine—But Here’s Why You Should Be Careful
In this article A recent CNBC survey based on cost per square foot revealed that the United States’ most expensive real estate market is San Francisco’s South of Market, which contains historic Victorian buildings surrounded by Beaux-Arts and neoclassical government buildings. On the other coast, in New York, Brooklyn’s most expensive real estate market is Brooklyn Heights, a […]
Consumers are having a hard time deciding to buy into the housing market, says Invitation Homes CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Money Movers Invitation Homes CEO Dallas Tanner joins ‘Money Movers’ to discuss the state of the rental housing market and its impact on home affordability. 04:22 3 hours ago Source link
NAR Settles for $418M, Buying and Selling Homes
A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a […]
Judge orders Trump company to tell watchdog about appeal bonds
Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, October 25, 2023. Jeenah Moon | Reuters A judge ordered Donald Trump‘s company Thursday to inform a court-appointed financial watchdog about any future efforts to obtain an appeal bond. […]
The Federal Reserve Leaves Rates Untouched as Pressure Mounts on Inflation
In this article With inflation hovering slightly north of 3%, the Federal Reserve’s meeting this week and its decision to leave interest rates where they are were seen by many as inevitable. Inflation has dropped dramatically since its post-pandemic high of 9.1% in 2022 after the Fed hiked up rates, bringing an overheated real estate market […]
What the settlement on home-sale commissions means to you
A landmark class-action lawsuit may change the way Americans buy and sell homes. The National Association of Realtors agreed to a $418 million settlement last week in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of […]
The Rise of “15-Minute Cities,” and if Investors Should Cash In
In this article The 15-minute city as a concept has been around for a while now. First introduced by the Colombian-French scientist Carlos Moreno and eventually implemented as an official urban planning policy by the City of Paris, the 15-minute city promises its residents access to amenities without the need for a car. The idea […]
How interest rates have changed even as the Fed holds steady
Hinterhaus Productions | Digitalvision | Getty Images Savings accounts Higher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher rewards to savers. It’s one of the silver linings to the current rate environment, said Ted Rossman, chief credit card analyst at Bankrate. “There’s also […]