Real estate

The bond-market selloff unleashed by Donald Trump's presidential victory last week ended almost as quickly as it began. 

The median age of a first-time buyer reached a record of 38 — about a decade older than in the 1980s.

The nation's highest court has no deadline to address the petition and can reject it without an explanation.

The launch of joint-venture business Aclara Lending comes through a new agreement between the real estate enterprise and mortgage broker Barrett Financial Group.

The changes laid out in the agreement are technical, revolving around paperwork consumers complete at the beginning of the buying or selling process, and they add new wrinkles to an already complicated undertaking.

The move further diversifies a company working to grow beyond its roots in what is currently a small — but possibly expanding — single-family distressed market.

More than a quarter of the respondents to a Redfin survey don't know how much their agent got, with 19% unaware of who actually paid them.

The downward trend comes as servicers and agencies continue to implement programs aimed at keeping borrowers in their homes.

In the four years since February 2020, rents have risen overall by approximately 28%, Corelogic found.

The top five states have an average realtor commission rate of 6.04%.

The online real estate and mortgage company alleges the defendants are violating the Sherman Antitrust Act by impeding a scheduling platform it owns.

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.