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NAR Found Liable for Inflating Commissions; Jury Awards $1.78 Billion in Damages - Real Estate Investing Today

NAR Held Responsible for Inflating Commissions; Jury Grants $1.78 Billion in Compensation – Real Estate Investment News Today

According to a report from Reuters, a federal court in Kansas City, Missouri has ruled in favor of the plaintiffs in a class action lawsuit against the National Association of Realtors (NAR), awarding them $1.78 billion in damages. The lawsuit represented sellers of over 260,000 homes in Missouri, Kansas, and Illinois between 2015 and 2022 […]

NAR Held Responsible for Inflating Commissions; Jury Grants $1.78 Billion in Compensation – Real Estate Investment News Today Read More »

Pending Home Sales Up 1.1% in September - Real Estate Investing Today

September saw a 1.1% increase in pending home sales – Real Estate Investing Today

According to the National Association of Realtors (NAR), pending home sales increased by 1.1% in September 2023. The NAR’s Pending Home Sales Index, which is based on contract signings, recorded a value of 72.6 for September. However, the NAR reports that all four regions in the United States experienced a decline in transactions compared to

September saw a 1.1% increase in pending home sales – Real Estate Investing Today Read More »

GDP Up 4.9% in the Third Quarter - Real Estate Investing Today

Gross Domestic Product (GDP) Records Impressive 4.9% Growth in the Third Quarter – Real Estate Investing Today

The U.S. Bureau of Economic Analysis has announced that the country’s real gross domestic product (GDP) grew by 4.9% in the third quarter of 2023. This represents a 2.1 percentage point increase compared to the annualized growth rate in the second quarter. For more information, you can read the full report on the U.S. Bureau

Gross Domestic Product (GDP) Records Impressive 4.9% Growth in the Third Quarter – Real Estate Investing Today Read More »

All-Cash Share of New Home Sales Jumps in Q3 2023

The proportion of new home sales completed in cash increased significantly in the third quarter of 2023

According to recent analysis conducted by NAHB’s Eye on Housing, the proportion of all-cash sales in the new home market significantly increased in the third quarter of 2023, while the share of VA-backed sales declined by almost half. The report also highlights that although cash sales only make up a small portion of new home

The proportion of new home sales completed in cash increased significantly in the third quarter of 2023 Read More »

New Home Sales Up 12.3% in September

In September, there was a notable increase of 12.3% in new home sales.

According to the U.S. Government, sales of new single-family houses in September 2023 reached a seasonally adjusted annual rate of 759,000, marking a 12.3% increase from the revised rate in August and a 33.9% increase from the same period last year. The median sales price for these new houses was $418,800, while the average sales

In September, there was a notable increase of 12.3% in new home sales. Read More »

Existing-Home Sales Down 2% in September

September saw a 2% decline in the sales of existing homes, according to authentic data.

The National Association of Realtors (NAR) has reported a 2% decline in existing home sales for September, with a seasonally-adjusted annual rate of 3.96 million. This represents a 15.4% decrease compared to the previous year. Despite a 2.7% increase in total housing inventory from August, the inventory is still 8.1% lower than a year ago,

September saw a 2% decline in the sales of existing homes, according to authentic data. Read More »

Foreclosure Activity Up 28% in Q3 2023

Foreclosure Activity Rises by 28% in the Third Quarter of 2023

According to the ATTOM Data’s Q3 2023 U.S. Foreclosure Market Report, the number of U.S. properties with foreclosure filings (default notices, scheduled auctions, or bank repossessions) has increased by 28% from Q2 and 34% from the previous year. In September alone, there were 37,679 U.S. properties with foreclosure filings, which is an 11% increase from

Foreclosure Activity Rises by 28% in the Third Quarter of 2023 Read More »

Local Market Monitor’s National Economic Outlook for October ’23 is a comprehensive analysis of the current state of the national economy.

National Economic OutlookBy Ingo WInzer October, 2023 Although the national economy is experiencing a job growth rate of 2 percent, a closer look reveals some concerning trends. In sectors such as manufacturing, finance, and retail stores, job growth is below 1 percent. The restaurant industry is an exception with a high job growth rate of

Local Market Monitor’s National Economic Outlook for October ’23 is a comprehensive analysis of the current state of the national economy. Read More »

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