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Legal Scholar Provides DOJ With Contracts Expertise as It Moves Forward in NAR Decision

USA Real Estate News-RISMedia - Tue, 2024-09-17 11:39

University at Buffalo School of Law professor Tanya Monestier, in an exclusive, lengthy and wide-ranging interview with RISMedia, explained that she has had some contact with the Department of Justice (DOJ) concerning potential workarounds to the NAR settlement, though she stressed she has no idea whether or not what she provided was helpful.  The DOJ…

The post Legal Scholar Provides DOJ With Contracts Expertise as It Moves Forward in NAR Decision appeared first on RISMedia.

Rental Markets Cool—but Not to Pre-Pandemic Levels

USA Real Estate News-RISMedia - Tue, 2024-09-17 11:29

“The rent is too damn high,” famously proclaimed New York City perennial candidate Jimmy McMillan. The latest analysis from Harvard University’s State of the Nation’s Housing 2024 report suggests those who share McMillan’s views are unlikely to change their tune.  The report, tracking data up to Q2 2024, includes three major takeaways when it comes…

The post Rental Markets Cool—but Not to Pre-Pandemic Levels appeared first on RISMedia.

Fathom Realty agrees to pay $2.95M to settle commission suit

USA Real Estate News-Inman - Tue, 2024-09-17 11:20
The company denied wrongdoing and said it had agreed to settle with plaintiffs in an attempt to move on and continue growing the business.

Homebuilder Confidence Breaks Streak, Sees Increase

USA Real Estate News-RISMedia - Tue, 2024-09-17 11:05

The decline of mortgage rates to their lowest level in 19 months has instilled new confidence in homebuilders in September, according to the latest National Association of Home Builders (NAHB) data.  The NAHB/Wells Fargo Housing Market Index (HMI) for September registered at 41, up two points from its August reading, which was the lowest level…

The post Homebuilder Confidence Breaks Streak, Sees Increase appeared first on RISMedia.

Mariah Carey has racked up $18.6M in mortgage debt

USA Real Estate News-Inman - Tue, 2024-09-17 11:03
After buying a Tribeca penthouse for $9 million cash in 1999, the pop star has borrowed millions in loans on the pad's equity in order to fund her lavish lifestyle.

GreenLite’s permitting software approved, earns $28.5M Series A

USA Real Estate News-Inman - Tue, 2024-09-17 11:00
Construction permitting software company GreenLite has closed on a Series A round of funding of $28.5 million.

Mortgage payments cheaper than rent in nearly half of all US metros

USA Real Estate News-Inman - Tue, 2024-09-17 10:40
Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday.

Tongo’s agent-focused finance app ready for market

USA Real Estate News-Inman - Tue, 2024-09-17 07:00
A new solution to help brokers administer financial benefits to agents is now available from Tongo, a company that “builds financial products that cater to the needs of the commission economy."
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