by | Dec 21, 2023 | Industry News, Latest News, National, News, Premier |
Class action lawsuits are rocking the real estate industry right now, from the earth-shattering Burnett v NAR commissions suit to Rocket Mortgage being sued for alleged telemarketing “overload.” Yet another case has been added to the docket, with Fidelity National...
by | Dec 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage continued its fall below 7% this week, averaging 6.67% this week, down from the previous week’s dip to 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The...
by | Dec 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.5% in November to 103, following a decline of 1% in October. The LEI contracted by 3.5% over the six-month period between May and November 2023, a smaller decrease than its 4.3% contraction...
by | Dec 20, 2023 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
In a flurry of filings, defendants in the Moehrl commission class action lawsuit, which is currently the closest to a potential trial, are trying to have the case thrown out or at least disallow expert testimony presented by the plaintiffs. All three remaining...
by | Dec 20, 2023 | Agents, Brokers, Industry News, Latest News, News, Premier |
Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to the National Association of REALTORS® (NAR). Among the four major U.S. regions, sales climbed in the Midwest and South, but receded in the Northeast and West....
by | Dec 20, 2023 | Best Practices, Industry News, Latest News, Lead Story, National, News, Premier |
The Department of Justice (DOJ), which has remained dogged in its investigation of alleged antitrust behavior in the real estate industry, just gave the clearest indication yet that it will not be satisfied with the kinds of tweaks or changes to rules that have been...