Many state Realtor associations’ new forms—such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement agreement, according to a report released earlier this month. The report was written and prepared by Tanya Monestier, a contracts…
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Unsold inventory of homes on the market has been climbing in the U.S. for two years, right along with rising mortgage rates. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. According to Altos Research, there are 40% more homes on the market at the end of…
The country saw 1.62 million residential mortgage originations in the second quarter of 2024, an increase of 23.2% from the previous quarter, and the first quarterly gain in a year. The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases,…
Four title insurance firms have agreed to pay nearly $3.3 million to settle civil claims that they’ve engaged in kickbacks with real estate agents through joint ventures in the Washington, D.C. area, according to the Attorney General for the District of Columbia Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC…