CoStar CEO: ‘We had zero involvement’ with commission lawsuits

ANAHEIM, Calif. — Andy Florance, founder and CEO of CoStar Group, wants to set one thing straight: his company had nothing to do with the commission lawsuits now rocking the real estate world.“We had zero involvement with that lawsuit. We learned about it from NAR long after it started,” Florance sa
Read MoreNew-home mortgage applications surged nearly 40% annually in October: MBA

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted.Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up 6% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Appli
Read MoreFitch: Title revenue to rise 3% annually in 2024

Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday.Fitch said its neutral outlook is underpinned by Fitch’s view that mortgage rates are near peak levels. Alth
Read MoreHomebuilders slash prices to clear inventory as confidence sinks again in November

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months.Builder confidence dropped six points to 34 in November, the fourth consecutive monthly drop, according to the National Association of Home Builde
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