June 2025

Record-high home equity provides opportunity for the reverse mortgage industry

Soaring prices and increasingly strained affordability have made things difficult for prospective buyers shopping for their first home. But for households that own their home already, rising prices have been a wealth bonanza. That’s evident in data from the annual State of the Nation’s Housing Report from Harvard University’s Joint Center for Housing Studies (JCHS), which shows that aggregate U.S....

15 commission lawsuit settlements gain final approval

In a move that’s unsurprising, U.S. District Court Judge Stephen Bough has granted final approval to 15 more commission lawsuit settlement agreements. Bough granted final approval to settlements negotiated in the Gibson and Keel suits during a joint hearing on Tuesday afternoon.  The settling defendants in the two suits, both of which are being overseen by Bough, filed a joint motion for final...

Christie’s affiliate adds five top agents in Northern California

Christie’s International Real Estate Sereno, the largest locally owned and operated independent real estate brokerage in Northern California, is continuing its growth with the addition of five top-producing agents — formerly with Intero Real Estate Services — to its South Santa Clara County operation.  Joining the firm’s Morgan Hill, California, office are Karen Nelsen, Stephanie...

U.S. Home Sales Remain Sluggish in May

Northeast, Midwest Lead Modest National Sales Gains Says NAR U.S. existing-home sales ticked up in May, boosted by gains in the Northeast, Midwest, and South, though the Western housing market continued to lag, according to new data from the National Association of Realtors (NAR). The pace of sales rose 0.8% from April 2025 to a seasonally adjusted annual rate of 4.03 million units, but activity remains...

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