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☆ A homebuyer's guide to the real-estate revolution
▼ + stars: | 2024-04-23 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Real-estate agents' commissions have fluctuated between 5% and 6% of the sale price for decades, despite advances in technology and an influx of agents. The recent lawsuits, which accused the NAR and some of the country's largest brokerages of conspiring to keep agents' commissions unfairly high, could signal the start of a new era. If sellers aren't paying out commissions to buyers' agents, buyers themselves could end up on the hook. For example, what happens if the seller isn't willing to pay the buyer's agent's commission? In most states, the buyer's agent can technically just rebate that extra money to their client.

Persons: Austin Whitt, Whitt, —, I've, Steve Brobeck, Sabrina Brown, they've, Michael Warren, Sellers, Prentiss Cox, it'll, you've, doesn't, Jack Ryan, Ryan, homebuying, Rob Hahn, Wendy Gilch, Gilch, I'm, it's, David Dworkin, Dworkin, Cox, It's Organizations: Realtors, National Association of Realtors, NAR, Consumer Federation of America, Getty, University of Minnesota, MLS, Consumer Federation of, National Housing Conference, Justice Department Locations: Tennessee, Nashville, America, North Carolina, United Kingdom, Australia

☆ Biden says he can fix America’s housing affordability crisis. Will it work?
▼ + stars: | 2024-03-08 | by ( Bryan Mena | Anna Bahney | ) edition.cnn.com time to read: +7 min

Washington CNN —Americans are in the throes of the worst housing affordability crisis in decades. If inflation keeps coming down, mortgage rates will come down as well. The first is a $10,000 refundable credit for middle-class homebuyers – essentially an interest rate buy-down. So, when inflation is too high, the only thing the Fed can do is jack up interest rates to slow demand. “We’ll still have the underlying housing shortage and and it’s going to be causing upward pressure on housing prices,” he said.

Persons: Joe Biden, I’m, ”, Biden’s, Biden, David Dworkin, ” Dworkin, “, Ed DeMarco, Jerome Powell, Freddie Mac, Powell, ” Powell, “ We’ll Organizations: Washington CNN, National Housing Conference, Council, Federal, Senate, Fed Locations: Thursday’s State, America

☆ Biden wants to make it easier for people to buy their first home. But there aren't enough houses.
▼ + stars: | 2024-03-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But I'm not waiting," President Joe Biden said during Thursday's State of the Union address. The White House is stepping up as homeownership costs keep mounting, with over 90% of the market overvalued. AdvertisementIn order to unlock supply, Biden called for a one-year tax credit of $10,000 to families selling a starter home. Ahead of the speech, Zillow Chief Economist Skylar Olsen noted that the supply crunch is worse than the White House has laid out.

Persons: —, Biden, I'm, Joe Biden, homebuyers, David Dworkin, Skylar Olsen, unspent Organizations: Service, Biden Administration, Business, National Housing, CNBC, Treasury Department Locations: homebuyers, Thursday's State

☆ NASA released the first close-up photos of the largest asteroid sample ever collected
▼ + stars: | 2023-10-13 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Last month, NASA's OSIRIS-REx spaceship dropped off a sample of dirt from the Bennu asteroid. They've been studying the asteroid sample the spaceship delivered in late September. Some of the sample matter OSIRIS-REx collected from the asteroid Bennu, shown during a press conference. AdvertisementAdvertisementWhat does the asteroid sample look like? A close-up image of the OSIRIS-REx sample shown on a screen during a press conference at the Johnson Space Center in Houston, Texas.

Persons: NASA's, REx, —, OSIRIS, They've, Jason P, Dworkin, hasn't, they've, Mark Felix, They're, they'll, Mari Montoya, Curtis Calva Organizations: Service, NASA, Getty, Space Center, Johnson Space Center, NASA NASA Locations: Houston , Texas

“For years, forces behind the scenes have repeatedly attempted to silence my voice and dig my political grave,” Menendez said in a statement. It's a sign, those who know Menendez said, that he won't be going anywhere without a fight, for now. His own biography touts the fact that he wanted to fight corruption early in his political career, testifying against Union City officials and building a reputation as tough. Menendez was appointed to be a U.S. senator in 2006 when the seat opened up after incumbent Jon Corzine became governor. The couple began dating in 2018 and got engaged in 2019 after meeting at an IHOP in Union City, a frequent haunt of Menendez’s.

Persons: — Sen, Bob Menendez's, Menendez, “, ” Menendez, “ Sen, what’s, I’ve, Steve Sweeney, ’ It’s, —, Jon Corzine, hasn't, Bob Menendez, ”, Benjamin Dworkin, Nadine, Alicia Menendez, Rob Menendez, Biden, Loretta Weinberg, he's, Dr, Salomon Melgen, wasn't, He's, Philip R, Sellinger Organizations: Democratic, Union City, U.S . House, Foreign Relations, Republican Party, “, Rowan Institute for Public Policy, Citizenship, Republicans, New Locations: TRENTON, N.J, Union City , New Jersey, U.S, Union City, New Jersey, Florida, Dominican Republic, Egypt

☆ Traumatic shock: A surviving roommate of the Idaho slain students said she saw killer, according to affidavit
▼ + stars: | 2023-01-06 | by ( Safia Samee Ali | Safia Samee Ali Is A Reporter For Nbc News Digital | Based In Chicago. | ) www.nbcnews.com time to read: +6 min

in an affidavit, encountered the suspect as he fled the house in Moscow, Idaho. According to the affidavit, Mortensen “described the figure as 5’10” or taller, male, not very muscular, but athletically built with bushy eyebrows. as she stood in a ‘frozen shock phase.’ The male walked towards the back sliding glass door. What was described as “frozen shock phase” could fall under a number of acute trauma responses, such as dissociation and tonic immobility, which are commonly elicited in stressful scenarios, experts said Friday. There’s different things that could be operating with her frozen state, and I think all of them would be reasonable.”

☆ Wall Street's rising stars admit their biggest career mistakes — from missing out on lucrative bets to taking too much on — and what they learned from them
▼ + stars: | 2022-10-24 | by ( Alex Morrell | Alyson Velati | Asia Martin | ) www.businessinsider.com time to read: +17 min

Vinay Trivedi, a vice president at General Atlantic focusing on the technology sector. I don't think we necessarily transitioned fast enough to how people learn if we're only doing audio from home. - David Israel, 27, vice president at Credit SuisseAngel Pu Shum is a principal within Warburg Pincus's technology group. -Allison Boxer, 29, senior vice president and economist at PIMCONoah Zerance, a vice president with Bank of America's global sustainable-finance group. and the response would be, 'Well, we don't know how we do it yet.

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