Current News & Events
Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
Fox News’ Bret Baier Seeks to Flip Palm Beach Estate
Baier acquired the property in March 2022 from designer Tommy Hilfiger for $12 million. Continue Reading Fox News’ Bret Baier Seeks to Flip Palm Beach Estate
California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget
“The California Dream for All program is a huge step forward in closing the homeownership and wealth gaps that exist in our state,” said CAR in a statement. Continue Reading California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget
FICO Hosting ‘Score A Better Future’ Homeownership Webinar
“Score A Better Future” is being presented in partnership with the nonprofit Operation HOPE. Continue Reading FICO Hosting ‘Score A Better Future’ Homeownership Webinar
Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights
FPI was accused of imposing unlawful charges on nine servicemembers terminatee their apartment leases after receiving military relocation orders. Continue Reading Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights
Historic San Francisco Office Property in Mortgage Default
Swift Real Estate Partners acquired the 100,200-square-foot building for $64.25 million in 2018. Continue Reading Historic San Francisco Office Property in Mortgage Default
Mortgage Rates Down Again
The 30-year fixed-rate mortgage averaged 6.69% as of June 15, down from last week when it averaged 6.71%. Continue Reading Mortgage Rates Down Again
Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period
The median home sale price was $381,169, down 1.1% from a year earlier, the smallest decline in more than three months. Continue Reading Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period
FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
“These new resources will help prospective homebuyers better understand their transaction,” said Federal Housing Commissioner Julia Gordon. Continue Reading FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
New Initiative Seeks to Create 4 Million New Hispanic Homeowners by 2030
UnidosUS is also launching launch the first cohort of cities slated to receive targeted investments through the HOMEownership Solutions Network. Continue Reading New Initiative Seeks to Create 4 Million New Hispanic Homeowners by 2030
Report: Wells Fargo to Sell San Francisco Office Tower at Severe Discount
The 355,000-square-foot property was acquired by the lender in 2005 for $110 million. Continue Reading Report: Wells Fargo to Sell San Francisco Office Tower at Severe Discount
