Builder confidence in the market for newly built single-family homes climbed seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marked the second consecutive month where...
Mortgage applications for new home purchases in December were up by 22.2% from one year earlier, according to new data from the Mortgage Bankers Association (MBA). Compared to November, the application volume dipped by 4%. The MBA estimated new single-family home...
Existing home sales ended 2023 on a downturn, according to data from the National Association of Realtors (NAR). Total existing home sales dipped by 1% from November to a seasonally adjusted annual rate of 3.78 million in December. On a year-over-year measurement,...
Another lawsuit aimed at how real estate professionals earn their commissions was filed this week in Los Angeles. The new case was filed on Wednesday in U.S. District Court in Los Angeles by Gael Fierro and Patrick Thurber, two home sellers who named the National...
A lawsuit brought by the Federal Trade Commission (FTC) has shut down Ganadores Online and Ganadores Inversiones Bienes Raíces, a scam targeting Spanish-speaking consumers with fraudulent money-making pitches for online businesses and real estate investments. The FTC...
Atlanta Federal Reserve President and CEO Raphael Bostic predicted the central bank’s policymaking Federal Open Market Committee could begin to cut rates in the third quarter or even earlier. In prepared remarks published ahead of an appearance before an Atlanta...
