California commission suit alleges collusion in the City of Angels

Lights, camera, lawsuit! A copycat commission lawsuit has been filed in Los Angeles.The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesd
Read MoreStavvy’s CTO on moving a whole industry to digital

HousingWire Editor in Chief Sarah Wheeler sat down with Jim Butler, chief technology officer at Stavvy, to talk about moving real estate from paper to a digital transaction, how the company is using AI, and the vibe you get working with industry experts. Previously, Butler served as CTO of HqO, an e
Read MoreMortgage rates dip to 6.6% to mark the lowest level since May 2023

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% as of Jan. 11, a decrease from last week’s 6.66%, according to Freddie Mac‘s
Read MoreHousing starts dropped 9.0% in 2023

Despite lower mortgage rates, housing starts ended the year on a downturn, after posting a large monthly gain in November.New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% month over month, according to a report released Thursday by the U.S. Census B
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