The National Association of Home Builders (NAHB) and 15 state attorneys general are suing the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) over the adoption of energy codes, impacting the availability of affordable housing. Plaintiffs are suing for declaratory and injunctive relief related to Section 109 of…
Berkshire Hathaway Energy (BHE) filed a motion in the largest Burnett copycat case seeking arbitration based on what it is calling the judge’s “significant legal error” to overturn its previous ruling. They don’t plan on waiting for his approval, though. In the filing, BHE, a holding company for the real estate brokerage HomeServices of America,…
Pending home sales rose 2.2% in November, marking the fourth consecutive month of increases and the highest level since February 2023, according to a National Association of REALTORS® (NAR) report released Monday. The Midwest, South and West experienced month-over-month gains in transactions, while the Northeast decreased. Year-over-year, contract signings increased in all four U.S. regions,…
Inflation rose slightly in November, according to a U.S. Bureau of Economic Analysis report released December 20, as a recent shift in the progress of price increases has drawn the focus on policymakers. The Personal Consumption Expenditures (PCE) price index increased 0.1% in November. Excluding food and energy, the PCE price index increased 0.1%. Real…
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based on projections of a slower pace of cuts going into 2025. During its final meeting of the year, the Federal Open Market Committee (FOMC) lowered rates by a quarter-percentage point to 4.25% to 4.5%—cutting one…
After a summer of stagnant home price growth, experts say home prices are expected to rise at a muted pace, reaching a peak next spring. Nationwide, home prices increased in October, showing a 3.4% year-over-year increase. On a month-over-month basis, home prices increased by 0.02% from September to October. These statistics released in CoreLogic’s latest…
With a new year around the corner, the real estate industry is preparing for an influx of new homes entering the market, or rather, reentering the market, perhaps a bit sooner than expected. According to a study conducted by Bright MLS, the homeowners most likely to sell in 2025 are those who purchased their home…
As we look ahead to 2025, homebuyers are exploring a widening range of options in the housing market. Realtor®.com’s latest report—forecasting its top housing markets for 2025—highlights the South and West as the regions most likely to experience significant growth, with a combination of moderately affordable homes, expanding inventory and a younger, more diverse population.…
In the wake of the National Association of REALTORS®’ (NAR) settlement and practice changes that went into effect on August 17—including the removal of compensation offers from Multiple Listing Services (MLSs) and requiring MLS participants to enter into written agreements with buyers—real estate leaders are still learning the full effect these practice changes will have…
Though many have tried, no one has yet succeeded in turning the practice of buying and selling homes into an equation that can be worked out and solved on paper. Read more.
