Residential Real Estate
Instant Reaction: Mortgage Rates, July 03, 2024
The 30-year fixed mortgage rate from Freddie Mac increased to 6.95% over the last week from 6.86%. www.nar.realtor – Research
COURT REPORT: Realtor.com Sues CoStar; EXIT Granted Pause Despite Plaintiff Objections
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Realtor.com® parent Move, Inc. files lawsuit against CoStar Realtor.com parent company Move, Inc. filed a lawsuit in the U.S. District Court in California, claiming that a former Move employee now working for Homes.com… […]
Realtor.com Parent Files Suit Against CoStar, Claiming Theft of Proprietary Information
Mere weeks after the Realtor.com and Homes.com CEOs hurled hurled insults and accusations at each other as the residential real estate portal giants fight for second place behind Zillow, the battle was ratcheted up further on July 2 when Realtor.com parent Move, Inc. filed a lawsuit in the U.S. District Court in California, claiming that… […]
EXCLUSIVE: CoStar CEO Blasts Information-Theft Lawsuit, Labeling it a ‘Sick, Twisted PR Stunt’
In an exclusive interview with RISMedia on July 5, CoStar CEO Andy Florance lambasted the new lawsuit filed by Realtor.com parent Move, Inc. that claimed a former Move employee, now working for Homes.com parent CoStar, stole proprietary information from his former employer, labeling it a desperate attempt for attention and attributing it to one of… […]
NAR and DOJ Meeting Sparks Industrywide Dialogue Around Settlement ‘Workaround’
The complicated process of ensuring that the real estate industry complies with incoming policy changes is underway, as concerns about loopholes surrounding commission-sharing have already started a discourse among regulators and innovators—potentially, an amicable one. The ongoing dialogue was highlighted by a recent meeting between the National Association of REALTORS® (NAR) and the U.S. Department… […]
Home Inspection Tips for As-Is Properties
Buying an as-is property can be a risky but rewarding investment. You must inspect thoroughly and prepare to make informed decisions. I will provide an education on the following: Key areas to inspect in an as-is home. Specific advice on conducting and preparing for inspections. Typical problems, potential costs, and buyer rights regarding as-is purchases.… […]
Pending Home Sales Dropped 2.1% in May
The first half of the year did not meet expectations regarding home sales but exceeded expectations related to home prices. www.nar.realtor – Research
Fair Housing Groups Sue Florida Over Property Ownership Restrictions
The watchdog organizations are fighting a wave of state efforts to block property ownership by certain foreign buyers. www.nar.realtor – Fair Housing
Home Inspection Tips for Townhouse Sellers
Selling a townhouse? A thorough home inspection can ensure a smooth transaction. Knowing what inspectors look for helps you address issues beforehand. I will provide the following information to help navigate the townhouse inspection process: The importance of a pre-sale inspection Detailed checklists for inspecting key areas Steps to prepare for an inspection and how… […]
Consumer Confidence Reverses Course and Decreases in June
As consumers continue to see little relief from inflation—with the Consumer Price Index registering no change in May and the Fed again holding the line with no rate changes—confidence reversed course and fell slightly in June. Consumer confidence decreased from 101.3 in May to 100.4 in June, according to the latest data from The Conference… […]