Fed governor sues Trump over ‘unprecedented and illegal’ firing

Federal Reserve governor Lisa Cook filed a lawsuit against President Trump on Thursday alleging that his attempted firing of her was illegal without him showing “cause” for her termination. Continue reading

US home prices see modest annual gains, but lag behind inflation

The S&P Cotality Case-Shiller Index reported home price gains of 1.9 percent while the FHFA reported nationwide home price gains of 2.9 percent. Inflation sits at 2.7 percent, which still leaves consumers in a sticky situation. Continue reading

New-home sales declined in July but beat analyst expectations

Sales of new single-family homes dropped 8.2 percent year over year to a seasonally adjusted annual rate of 652,000, which still beat analysts’ expectations of a rate of about 630,000 units. Continue reading

NYC luxury agent accused of biting child over concert free T-shirt toss

Compass agent Gail Bomze was arrested after allegedly biting a 7-year-old child during a free T-shirt toss at East Hamptons’ Tuesdays on Main beach concert series. Bomze denies the allegations and says she was pushed to the ground by teenagers during t… Continue reading

Mortgage rates hit 10-month low, spurring lower monthly payments

The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage. Continue reading

Lead counsel for Moehrl targets ‘deceptive practices’ in new real estate industry investigation

Attorneys from Hagens Berman have urged consumers that have sold a home since 2021 with the aid of an “online real estate agent” to reach out to the firm since they may be eligible for compensation as a result of “deceptive practices” by the real estat… Continue reading

‘Construction is in a funk’: Homebuilding improves, but inventory issues remain

The slight monthly boost comes as builders continue to face cooled buyer demand in response to elevated mortgage rates and high home prices. Housing starts and completions are not on track to meet national inventory needs this year with builder sentime… Continue reading

Summer sales have hit their slowest pace in 10 years

A growing number of homes sitting longer on the market has made buyers more relaxed about transacting, causing some to wait it out or even cancel contracts because they have more options. Continue reading

New listings grew 276% last week — but it’s not enough

Annual new listing growth jumped from 1.7 to 6.4 percent in one week. However, Realtor.com said the listing jump hasn’t translated to more home sales, as homebuyers struggle with affordability. Continue reading

RealScout and Agent Image partner to steal Zillow leads — and give them to you

Agent Image has partnered with RealScout to integrate lead generation and nurturing tools into their ACCESS website platform, helping agents compete against national portals like Zillow. Continue reading