Justice Department antitrust settlement targets the National Association of Realtors

The Justice Department and the National Association of Realtors—the largest realty trade group in the country—have reached a settlement on the government’s antitrust lawsuit, the Wall Street Journal reports. The expressed purpose of the suit was to increase transparency among real estate brokers for the benefit of consumers. In a case filed in a WashingtonContinue reading “Justice Department antitrust settlement targets the National Association of Realtors”

COVID-19 spurs new models of multigenerational living

The COVID-19 pandemic has served as a potent catalyst for widespread cultural shifts, often with marked impact on residential real estate. One such effect is the growth of an understandable skepticism towards traditional assisted living facilities. Nursing homes have been severely effected by the coronavirus, and families are starting to move their parents and grandparentsContinue reading “COVID-19 spurs new models of multigenerational living”

Home equity rises in 3rd Quarter as residential real estate market continues to make gains

The tumultuous events of 2020 may have put a damper on much of the U.S. economy. But real estate has remained unscathed. In fact, the residential real estate market has done remarkably well this year, with few signs of stopping. The high demand among homebuyers has been well reported on, but this week brings anotherContinue reading “Home equity rises in 3rd Quarter as residential real estate market continues to make gains”

Average home price continues to rise across major American cities

Home-inventory continues to be at a historic low, as extremely low interest-rates and cultural shifts resulting from the COVID pandemic are driving up demand. Across the country, people are looking for more space in which to work and educate from home. As surely as day follows night, this combination of unprecedented low supply and highContinue reading “Average home price continues to rise across major American cities”

Strong figures in existing home sales promising sign for U.S. economy

The housing market continues to be one of the strongest sectors of the U.S. economy, despite and perhaps even because of the COVID-19 pandemic and economic lockdowns, the Wall Street Journal reports. Home sales have not just recovered from the pandemic. They have, in fact, soared to the highest rate recorded in 14 years. TheContinue reading “Strong figures in existing home sales promising sign for U.S. economy”

Credit scores at record high

The COVID-19 pandemic set off the biggest economic downturn in over a decade. But despite the languishing job market and continuing uncertainty, consumer credit is currently at a record high, according to a recent report by the Wall Street Journal. The average FICO score was up to 711, as of July, the highest recorded averageContinue reading “Credit scores at record high”

America’s wealthiest individuals make surprising recovery

“Uncertainty” continues to be the overarching idea in the current economy, as the end results of COVID, the lockdown, and the presidential election remain to be seen. Things appear much less uncertain, however, for America’s top earners, as the Wall Street Journal reports. Drawing on research from Wealth-X, the Journal finds the America’s top earnersContinue reading “America’s wealthiest individuals make surprising recovery”

As share of mortgages in forbearance drops, many borrowers still face an uncertain future

The Mortgage Bankers Association is reporting that the percentage share of mortgages in forbearance has dropped from 6.93% the prior week to 6.87% as of September 20. This is the lowest level reported since the middle of April. More and more people are exiting forbearance, continuing a slow and steady drop that began in May.Continue reading “As share of mortgages in forbearance drops, many borrowers still face an uncertain future”