As mortgage rates saw little shifts during this past week, President Donald Trump and members of his administration have floated an idea to galvanize new homebuyers: the 50-year mortgage. In a post on Truth Social, Trump shared a photo comparing the proposal to how President Franklin D. Roosevelt introduced the federally backed 30-year mortgage during…
A judge has ruled in defendants’ favor over the class certification dispute in the largest homebuying commission case: Batton vs. The National Association of Realtors® (NAR). Judge LaShonda A. Hunt granted a motion by defendants in the case, who include big brokerages along with NAR, ruling that the plaintiffs’ motions for Class Certification “stricken without…
Above: Phantom, a humanoid designed for advanced manufacturing, on scene of the Reindustrialize Summit. When dealing with corporate relocation, most moves typically involve people, their families and household goods. But earlier this year, RELO Direct®—Leading Real Estate Companies of the World®’s (LeadingRE) full-service relocation management company—was asked to relocate something entirely different: a humanoid robot.…
In a legal filing Nov. 12 in New York’s U.S. District Court ahead of a high-stakes hearing starting Nov. 18 to address Compass’s preliminary injunction motion, Zillow defended its new rules around private listings amid its ongoing court battle with Compass. The standards, which took effect in June, prohibit listings on Zillow that are publicly…
Since taking office on the Federal Reserve Board of Governors in September, Stephen Miran has pushed for a looser monetary policy. At both the September and October Federal Open Market Committee (FOMC) meetings, Miran dissented from the majority vote to cut interest rates by a quarter point, in favor of a higher cut by half…
The National Association of Realtors® (NAR) has faced significant criticism following the events of the Burnett trial and settlement, leaving many still dissatisfied with how the organization has responded to issues the association, and the real estate industry at large, continue to face. In response to ongoing concerns involving NAR, a group of 15 industry…
Baby Boomer empty nesters own twice as many three-bedroom or larger homes as millennials with children. Some are looking to downsize but struggling to find suitable housing at comparable price points, leading many to stay in their current homes longer. These shifts in the market present challenges and opportunities for agents. Here are four key…
Zillow is facing a second proposed class-action lawsuit in as many months, as lawyers seeking to represent Zillow mortgage customers allege that referrals to Zillow Home Loans are a “coercive scheme,” violating RESPA and other state and federal laws. Filed late last week in federal district court in Washington, the lawsuit adds another angle to…
Few life events are as personal or as complex as divorce. For many couples, separating assets, especially real estate, is one of the hardest steps in starting fresh. According to the National Association of Realtors (NAR), roughly 10–15% of home sales arise from divorces or family transitions, underscoring how often agents are called to help…
There is no quantitative, universally recognized definition of a “buyer’s market” or a “seller’s market.” But that shouldn’t stop real estate professionals from recognizing or calling out when the balance of power has shifted—as it seemingly has in recent months. According to RISMedia’s most recent Broker Confidence Index (BCI) survey, most brokers feel their markets…
| Newer Posts | Older Posts |