Supreme Court denies HomeServices’ petition in commission suit

The U.S. Supreme Court has denied HomeServices of America’s request to hear its argument that the Eighth Circuit Court of Appeals wrongly rejected arbitration agreements with unnamed class members in the Sitzer/Burnett commission lawsuit, according to a court docket entry on Monday. In a writ of cer
Read MoreHome prices kept climbing at a brisk pace in March: First American

U.S. home prices grew by 0.9% from February to March, according to First American Data & Analytics’ national house price index released Tuesday. This growth trajectory follows a revised upward figure of 1% price growth from January to February, and prices are now 52% higher than pre-pandemic levels
Read MoreCalifornia home sales sink in March

The spring home-buying season got off to a slow start in California, where sales of single-family homes declined from February to March, according to a report released Wednesday by the California Association of Realtors (CAR). The organization reported that the state’s seasonally adjusted annualized
Read MoreProposal would allow Freddie Mac to acquire closed-end second mortgages

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. This would offer borrowers an alternative way to access their home eq
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