In 2024, the median price for a single-family home in the United States grew to five times more than the median household income, as reported by the Joint Center for Housing Studies of Harvard University. In 2019, this ratio had median prices at 4.1 times higher than median household income; in the 1990s, the ratio…

The post Home Prices Reach Five Times Higher Than Median U.S. Income appeared first on RISMedia.

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Yesterday, federal Judge Jeannette Vargas of the Southern District of New York ruled on a petition by Zillow regarding the deal for Anywhere, allowing the portal giant to examine documents and communications in an attempt to determine if Compass misrepresented its reliance on private listings.  Vargas denied a request by Zillow to question Compass CEO…

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Borrower activity is typically projected to increase during the fall, especially the months of September and October. Realtor.com® researchers predict that this year’s “best time to buy” would begin next week, from Oct. 12 to 18. But mortgage applications have slowly begun to reduce in volume after a short-lived spike caused by the Federal Reserve’s…

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There are few real estate luminaries who can claim careers as storied as Bob Hale, CEO of the Houston Association of Realtors® (HAR), who this past weekend marked a 37-year career leading one of the nation’s most influential associations and MLSs. Hale, who announced his retirement in early 2024, is stepping down at the end…

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HomeSmart has announced the appointment of Stacey Onnen, a seasoned real estate executive with over 20 years of experience, as president.  Onnen most recently worked in the legal technology sector and led a national initiative at Keller Williams, according to a release. Earlier, she served as president at eXp Realty, where she scaled operations during…

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The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC sues Zillow and Redfin, with states following the lawsuit lead On Sept. 30, the Federal Trade Commission (FTC) filed a lawsuit against listing portals Zillow and Redfin over an alleged anticompetitive agreement. The $100…

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It would be prescient, if not a tad presumptuous, to say that Sarah Chaisson knew from the jump that hitching her career wagon to Anthony Lamacchia’s rising star was the right stratagem. After all, she was just starting out as a kindergarten and first grade teacher, something she loved. Suddenly becoming a glorified assistant in…

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