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New lawsuits raise question of who should pay homebuyer's agent

Consumer / The Nation's Housing /

WASHINGTON -- The long knives are out again for one of American real estate's oldest and most controversial traditions: requiring home sellers to pay the agents who represent the buyers of their properties.

A landmark suit filed in March alleged that the 1.3-million-member National Association of Realtors has conspired with local multiple ...Read more

Zillow faces legal action over its co-marketing program

Consumer / The Nation's Housing /

WASHINGTON -- Zillow is back in hot water: A class-action suit against the online realty giant is moving forward after insider whistleblowers alleged that the company designed its controversial "co-marketing" program to violate federal anti-kickback laws.

Zillow termed the charges "without merit" and says it intends to "vigorously defend" ...Read more

Lenders opening doors to a wider swath of home buyers

Consumer / The Nation's Housing /

WASHINGTON -- Do you want to buy a house but worry that your credit profile will disqualify you for a mortgage? Take another look: A new study suggests that you might find lenders a little friendlier and more flexible than you thought. According to the Urban Institute Housing Finance Policy Center's latest quarterly credit availability report, ...Read more

Is the tax overhaul law impacting real estate?

Consumer / The Nation's Housing /

WASHINGTON -- A new report from the New York Federal Reserve sheds light on a question that's been hanging over the American real estate market: Has the massive tax overhaul adopted by Congress in late 2017 had any effect on whether consumers want to buy or sell homes?

It's an important issue because federal tax laws can make owning a home much...Read more

 

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