Warren Buffett: Real estate agent commission structure “has worked out very well”

Legendary investor Warren Buffett and Greg Abel, the CEO of Berkshire Hathaway Energy, addressed the commission lawsuits and HomeServices of America’s recently announced settlement of the suits, during Berkshire Hathaway’s annual shareholder meeting on Saturday.“There is no question that the industr
Read MoreU.S. mortgage holders post record levels of home equity: ICE

U.S. home prices continued to climb in March as a persistent shortage of homes for sale helped to buoy the housing market, according to the Intercontinental Exchange (ICE) Home Price Index.And while prospective homebuyers cope with the challenges of rising housing unaffordability, existing homeowner
Read MoreRocket hires former Thomson Reuters, Intel executive as its first CTO

Rocket Companies, the parent of Rocket Mortgage, announced on Monday that it has hired Shawn Malhotra, a former Thomson Reuters and Intel executive, as the first chief technology officer (CTO) in the company’s history. Malhotra will oversee, among other areas, the firm’s artificial intelligence (A
Read MoreCongressional lawmakers form bipartisan real estate caucus

A coalition of four lawmakers in the U.S. House of Representatives — two Democrats and two Republicans — have come together to found the Bipartisan Congressional Real Estate Caucus, a group designed to “support policies that allow [the real estate] industry to prosper” due to its overall importance
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