The Eighth Circuit upheld the major real estate commission settlement this week, and I expect the legal arguments surrounding commissions will continue for some time. Objectors can still seek further review, an attorney representing some of them has said his clients...
I keep hearing some version of the same conversation in housing. When the Fed finally gets rates down, buyers will come back. Mortgage rates will improve. Transactions will pick up. Maybe we can finally get this market moving again. I understand why people think that...
A Florida judge has ordered the rewriting of Amendment 3, a ballot measure that would change the state’s property tax system. Florida Voice reports Circuit Judge David Frank agreed with a lawsuit brought by Save Our Voters From Misleading Ballot Language Inc., which...
Zillow Group (NASDAQ: Z, ZG) has announced plans to lay off more than 500 employees. In a corporate blog post, CEO Jeremy Wacksman claimed the company was “grateful to every person who is leaving and we’re supporting them through this transition.” However, Wacksman...
A top supervision examiner in the Consumer Financial Protection Bureau (CFPB) threatened the agency’s staff that “most unpleasant” consequences would occur if they were too aggressive in their financial oversight duties. According to a Reuters report...
Federal Reserve Chairman Kevin Warsh reported proposing cutting back on the number of rate policy meetings held by the central bank’s Federal Open Market Committee (FOMC). According to a Wall Street Journal report sourced from unnamed “people familiar with the...
We Said Competition Would Lower Mortgage Costs. Now Let’s Prove It.
