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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.

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.

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