Real estate

The lucrative broker commission system at the heart of the residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk weakening the National Association of Realtors, the industry's powerful lobbying group.

Anywhere Real Estate's agreeing to decouple seller and buyer agent commissions might lead to revolutionary revisions to the real estate sales process — or little to no change.

The rate of increase cooled for the 14th straight month in June, dropping over 10% year over year, according to CoreLogic.

The Agency, a brokerage with a leading role in a Netflix show, names New American Funding their preferred mortgage provider, stripping that title away from CrossCountry Mortgage.

Democratic senators including Banking Chair Sherrod Brown and Elizabeth Warren want to restrict tax breaks for large corporate investors that buy local homes and often drive up costs.

But scarce housing inventory has helped to bring home equity values back upward, offsetting some of the losses of late 2022.

However, much of the damage could already be priced into the stocks after this latest selloff, analysts said.

The beleaguered bank said it is selling 74 loans totaling about $2.6 billion to a subsidiary of Kennedy-Wilson Holdings. The move is part of a plan to pursue strategic asset sales, trim expenses and shore up its balance sheet.

But a monthly increase in housing costs nationwide to start 2023 may point to a bottoming out of prices in many areas, CoreLogic said.

The deal would put housing data provided by the acquiring intelligence provider in front of lenders early in the mortgage borrowing process.