real estate wealth

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New Ruling Could Be the End of Realtor Commissions

The fallout may also affect up to 80% of real estate agents' future in the industry

(Newser) - A federal jury's ruling will have a profound effect on the careers of the 1.6 million people who sell homes in the US. Per the Wall Street Journal , the National Association of Realtors (NAR) along with two brokerage groups must pay up after the verdict found them guilty...

Rich Default Far More Than the Rest of Us

Wealthy 'are more ruthless,' says analyst

(Newser) - Whether they're throwing in the towel on a California beach home or ski chalets, wealthy Americans are currently defaulting on mortgage payments at extremely high rates. One in 7 of those who owe more than $1 million on property are seriously delinquent, reports the New York Times . For those who...

Record $2.79B Spent Lobbying Last Year

Health-product industry leads way in seemingly 'recession-proof' uptick

(Newser) - Lobbyists made a record-breaking $2.79 billion on Capitol Hill last year, beating 2006’s record by $200 million. The healthcare industry led the way, spending $227 million on attempts to influence legislators, up 25% from the year previous. The insurance and real-estate sectors were right behind, Reuters reports. The...

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