DIRS.INFO The most relevant business & tech news

☆ Atlanta DA Defends Hiring of Special Prosecutor in Trump Case
▼ + stars: | 2024-01-14 | by ( Nicole Friedman | Mariah Timms | ) www.wsj.com time to read: 1 min

District Attorney Fani Willis said the lead lawyer she had hired had worked as a judge, private-practice attorney, prosecutor and criminal-defense lawyer. Photo: Brynn Anderson/Associated PressFulton County, Ga., District Attorney Fani Willis defended her decision to hire Nathan Wade as a special prosecutor, saying in a speech Sunday morning that the lead lawyer in her office’s racketeering case against former President Donald Trump and others is well qualified to serve in the role. One of the defendants in the case alleged in a court filing last week that Wade and Willis had been in a continuing romantic relationship since before Willis hired Wade, and that both had benefited financially from the arrangement. The filing also alleged that Wade didn’t have the proper experience for the job.

Persons: Fani Willis, Brynn Anderson, Nathan Wade, Donald Trump, Wade, Willis, Wade didn’t Organizations: Associated Press Locations: Associated Press Fulton County ,

☆ What Warren Buffett Said About Charlie Munger
▼ + stars: | 2023-11-29 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/warren-buffett-charlie-munger-berkshire-hathaway-85405dc9

Persons: Dow Jones, hathaway Locations: munger, berkshire

☆ Home Prices Hit Fresh Record in September
▼ + stars: | 2023-11-28 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

Home sales have slumped from a year ago, but prices aren’t falling because inventory is unusually low. Photo: Gene J. Puskar/Associated PressHome prices rose to a new record in September due to a shortage of homes for sale, even as high interest rates made home purchases less affordable. The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September, compared with a 2.5% annual increase the prior month. The September level was the highest since the index began in 1987.

Persons: Gene J Organizations: Associated Press

☆ October Home Sales Likely Fell to New 13-Year Low
▼ + stars: | 2023-11-21 | by ( Nicole Friedman | ) www.wsj.com time to read: +1 min

Even as home-buying demand has fallen, the inventory of homes for sale remains low because high rates make homeowners unwilling to sell and move. Photo: Jamie Kelter Davis for The Wall Street JournalTuesday’s existing-home-sales report is expected to show that the number of home sales in October fell to a new 13-year low. Economists surveyed by The Wall Street Journal estimate sales of previously owned homes fell a seasonally adjusted 1.5% in October from September. High home prices and elevated mortgage rates have made home purchases far less affordable for buyers, pushing many out of the market. Even as home-buying demand has slumped, the inventory of homes for sale has stayed low because high rates are making homeowners unwilling to sell and move.

Persons: Jamie Kelter Davis Organizations: The Wall, Wall, National Association of Realtors

☆ Home Sales Fell to a New 13-Year Low in October
▼ + stars: | 2023-11-21 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

Even as home-buying demand has fallen, the inventory of homes for sale remains low because high rates make homeowners unwilling to sell and move. Photo: Jamie Kelter Davis for The Wall Street JournalHome sales fell in October to a fresh 13-year low as high interest rates and home prices continued to pummel the housing market. Home-buying affordability sits near its lowest level in decades, pushing many buyers out of the market. Existing-home sales for the full year in 2023 are on track to be the lowest since at least 2011, according to economist forecasts.

Persons: Jamie Kelter Davis Organizations: The Wall Street

☆ How Real-Estate Brokers Are Reacting to the Historic Commission Verdict
▼ + stars: | 2023-11-15 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

The recent verdict against the National Association of Realtors and large residential brokerages is likely to change the amount of commissions paid by home buyers and sellers, as well as how they are paid out. WSJ’s Laura Kusisto joins J.R. Whalen to discuss. Photo: Tamir Kalifa For The Wall Street JournalResidential real-estate brokerages are seeking to reassure investors after last month’s $1.8 billion verdict against the National Association of Realtors, another potential blow to an industry already reeling from a severe housing-market slowdown. Industry analysts say the historic verdict could prompt changes in how real-estate agents are paid and eventually push commissions down. A federal jury on Oct. 31 found NAR and two large brokerages conspired to keep costs artificially high.

Persons: WSJ’s Laura Kusisto, Whalen, Tamir Kalifa, brokerages Organizations: National Association of Realtors, Industry

☆ National Association of Realtors CEO Bob Goldberg Stepping Down
▼ + stars: | 2023-11-03 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

The National Association of Realtors’ building in Washington, D.C. Photo: AlamyThe chief executive of the National Association of Realtors resigned Thursday in the wake of a historic verdict against the group. Bob Goldberg , who has been NAR’s chief executive since 2017, announced in June that he would retire at the end of 2024. But he said he recently decided to accelerate his departure.

Persons: Bob Goldberg Organizations: National Association of Realtors ’, National Association of Realtors Locations: Washington ,

☆ The Way You Pay to Buy or Sell a Home Is About to Change
▼ + stars: | 2023-11-01 | by ( Nicole Friedman | Laura Kusisto | ) www.wsj.com time to read: 1 min

An open house at a home for sale in Scarsdale, N.Y., early this year. Photo: Tiffany Hagler-Geard/Bloomberg NewsHome buyers and sellers face the prospect of major changes to how much and in what way they pay their real-estate agents, following Tuesday’s historic verdict against the National Association of Realtors and large residential brokerages. Those changes could range from minor tweaks to the commission system to a more radical restructuring of the residential real-estate industry, such as more people buying homes without using agents or buyers paying their agents by the hour.

Persons: Tiffany Hagler Organizations: Geard, Bloomberg News Home, National Association of Realtors Locations: Scarsdale, N.Y

☆ U.S. Home Prices Rose to Record in August
▼ + stars: | 2023-10-31 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

The combination of high home prices and rising mortgage rates is making home purchasing unaffordable to many would-be buyers. Photo: Jamie Kelter Davis for The Wall Street JournalHome prices rose in August to a record high as a shortage of homes for sale kept the market competitive. The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 2.6% from a year earlier in August, compared with a 1.0% annual increase the prior month. The August level was the highest since the index began in 1987.

Persons: Jamie Kelter Davis Organizations: The Wall Street

Plaintiffs in a federal lawsuit have asked a judge to order changes in how the home-sale industry operates. Photo: Rich Pedroncelli/Associated PressKANSAS CITY, Mo.—A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high. The verdict could lead to industrywide upheaval by changing decades-old rules that have helped lock in commission rates even as home prices have skyrocketed—which has allowed real-estate agents to collect ever-larger sums. It comes in the first of two antitrust lawsuits arguing that unlawful industry practices have left consumers unable to lower their costs even though internet-era innovations have allowed many buyers to find homes themselves online.

Persons: Rich Pedroncelli, — Organizations: Associated Press KANSAS CITY, National Association of Realtors Locations: Mo

Persons: Rich Pedroncelli, — Organizations: Associated Press KANSAS CITY, National Association of Realtors Locations: Mo

☆ Nicole Friedman — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-26 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

Nicole FriedmanNicole Friedman covers the U.S. housing market and the home building industry for The Wall Street Journal. She has been a reporter with the Journal since 2013 and previously covered energy markets, property and casualty insurance, and Warren Buffett and Berkshire Hathaway.

Persons: Nicole Friedman Nicole Friedman, Warren Buffett, Berkshire Hathaway Organizations: Wall Street

☆ Home-Sales Report to Show How Much High Rates Squeezed Market
▼ + stars: | 2023-10-19 | by ( Nicole Friedman | ) www.wsj.com time to read: +1 min

The housing market is facing a combination of elevated mortgage rates and high prices. Photo: Brandon Bell/Getty ImagesThursday’s home sales report will show how the housing market is responding to soaring mortgage rates. Home sales have trended sharply lower as mortgage rates rose to the highest level since 2000. The National Association of Realtors is scheduled to release the September existing-home sales report at 10 a.m. Eastern time Thursday. High rates are also limiting the inventory of homes on the market because homeowners with low rates are unwilling to sell and move.

Persons: Brandon Bell, Freddie Mac, WSJ's Jeffrey Sparshott Organizations: Wall, National Association of Realtors, Time

☆ Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market
▼ + stars: | 2023-10-19 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

The housing market is facing a combination of elevated mortgage rates and high prices. Photo: Brandon Bell/Getty ImagesHome sales fell in September to the lowest rate in 13 years, showing the corner of the economy most weakened by high interest rates remains in decline. For all of 2023, sales of previously owned homes are on track to be the lowest since at least 2011, because increased rates are weighing on demand. But high rates are also limiting the inventory of homes on the market, because homeowners with low rates are unwilling to sell and move. The small supply is pushing home prices higher in much of the U.S.

Persons: Brandon Bell

☆ Real-Estate Commissions Could Be the Next Fee on the Chopping Block
▼ + stars: | 2023-10-18 | by ( Laura Kusisto | Nicole Friedman | ) www.wsj.com time to read: 1 min

In the typical home sale, total agent commissions are 5% to 6% of the sale price. Photo: roberto schmidt/Agence France-Presse/Getty ImagesIn recent years, technology has made a host of consumer transactions cheaper—from booking a vacation to buying stocks—but commission rates for selling a home haven’t really budged. That could soon change. A pair of class-action lawsuits challenging real-estate industry rules—including one that went to trial beginning this week—and continued pressure from U.S. antitrust officials are threatening to disrupt a compensation model that hasn’t meaningfully changed in decades.

Persons: roberto schmidt Organizations: Agence France

☆ Home Sales on Track for Slowest Year Since Housing Bust
▼ + stars: | 2023-10-16 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/housing/home-sales-on-track-for-slowest-year-since-housing-bust-202453ab

Persons: Dow Jones, 202453ab

☆ Tiny Homes Are the Hot New Homeowners’ Accessory
▼ + stars: | 2023-10-10 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/housing/tiny-homes-are-the-hot-new-homeowners-accessory-71cc05a9

Persons: Dow Jones

☆ U.S. Home Prices Increased in July
▼ + stars: | 2023-09-26 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ August Home Sales Declined to Slowest Pace Since January
▼ + stars: | 2023-09-21 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/housing/august-home-sales-declined-to-slowest-pace-since-january-f4f8200a

Persons: Dow Jones, f4f8200a

☆ The Fall in Home Prices May Already Be Over
▼ + stars: | 2023-09-08 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/housing/the-fall-in-home-prices-may-already-be-over-3496d6bb

Persons: Dow Jones

☆ U.S. Home Prices Held Steady in June
▼ + stars: | 2023-08-29 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/housing/u-s-home-prices-held-steady-in-june-d83f14d3

Persons: Dow Jones

☆ U.S. Home Sales Fell in July, Extending Prolonged Slump
▼ + stars: | 2023-08-22 | by ( Will Parker | Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/housing/u-s-home-sales-fell-in-july-extending-prolonged-slump-2895209

Persons: Dow Jones

☆ Foreign Purchases of U.S. Homes Slump to All-Time Low
▼ + stars: | 2023-08-01 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/foreign-purchases-of-u-s-homes-slump-to-all-time-low-818bc0bf

Persons: Dow Jones

☆ Home Prices Fell Year-Over-Year in May
▼ + stars: | 2023-07-25 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/home-prices-fell-year-over-year-in-may-b5c02109

Persons: Dow Jones

☆ Home Sales Fall as Would-Be Buyers Face High Rates, Low Supply
▼ + stars: | 2023-07-20 | by ( Nicole Friedman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/home-sales-fall-as-would-be-buyers-face-high-rates-low-supply-c4f61963

Persons: Dow Jones

Search resuls for: "Nicole Friedman"

25 mentions found