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US-ECONOMY-INDICATOR-REAL-ESTATE

National Housing Affordability Fell in October Amid Soaring Mortgage Payments

The housing affordability index fell to 91.4 in October from 99.0 a year prior. The national housing affordability level fell in October after mortgage rates soared nearly 8% and mortgage payments increased by over 3% compared to the prior month, according to a report.
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California Home Sellers Sue NAR, Brokerages Over Inflating Commissions

A group of California home sellers are suing the NAR and several national brokerages for allegedly artificially inflating the commissions paid to buyer-side brokers.
Wells Fargo Among Banks Fined Over 500 Million Over Use Of Private Messaging Apps

Wells Fargo Among Banks Caught in Mortgage Pricing Discrimination Investigation

The Consumer Financial Protection Bureau launched an investigation into how mortgage bankers used pricing exceptions in 2022.