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Court Report: Parks Joins Compass Settlement; NAR Appeals Investigation

USA Real Estate News-RISMedia - Tue, 2024-05-28 12:46

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. This week saw previously decided matters on the legal side of the real estate world revived, with the National Association of REALTORS® (NAR) arguing against the renewal of investigations and suits against itself.…

The post Court Report: Parks Joins Compass Settlement; NAR Appeals Investigation appeared first on RISMedia.

Katy Perry declares victory in battle over vet’s Montecito home

USA Real Estate News-Inman - Tue, 2024-05-28 11:52
Four years after first engaging in a legal battle with disabled veteran Carl Westcott over the purchase of a Montecito mansion, pop star Katy Perry has finally emerged with the home's title in hand.

Families Must Spend 38% of Their Income on Mortgage Payments, New Index States

USA Real Estate News-RISMedia - Tue, 2024-05-28 11:34

National Association of Home Builders (NAHB) and Wells Fargo have released a new quarterly Cost of Housing Index that underscores the housing affordability crisis in America. The report revealed that in Q1 2024, 38% of a typical family’s income was needed to make a mortgage payment on a median priced new single-family home in the…

The post Families Must Spend 38% of Their Income on Mortgage Payments, New Index States appeared first on RISMedia.

Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low

USA Real Estate News-RISMedia - Tue, 2024-05-28 11:08

Consumers are experiencing conflicting feelings about the economy as differing reports come in from The Conference Board and University of Michigan, with a more positive assessment of the current business climate clashing with renewed worries about inflation. Consumers’ confidence reversed course and saw an increase in May after three months of decreases, according to the…

The post Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low appeared first on RISMedia.

Home prices hit record high for the 6th time in 12 months

USA Real Estate News-Inman - Tue, 2024-05-28 10:49
National home prices jumped 6.5 percent in March from a year earlier to a new record high with the Northeast leading regionally.
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