BrokeragesHome sellers make another bid for consolidation in MissouriPlaintiffs in Umpa and Gibson have asked the court to merge the two lawsuits. The antitrust cases cover similar ground and name several of the same defendants.Dave GallagherApril 22, 2024
TechCoStar acquires Matterport — and all its dataThe move gives the Homes.com parent company access to a massive amount of digital property information as it looks to strengthen its residential presence.Stephanie Reid-SimonsApril 22, 2024
IndustryBrokerages, MLSs not covered under NAR deal face 60-day deadlineSitzer/Burnett plaintiffs filed preliminary approval docs on Friday, triggering a countdown to opt in to the agreement process outlined by NAR and the courts.Dave GallagherApril 22, 2024
IndustryWhat’s new and what’s next, post-NAR commissions deal?The Supreme Court passes on a chance to weigh in, objections pile up, and Fannie and Freddie say it’s all right to exclude commissions from seller concessions.Dave GallagherApril 20, 2024
BrokeragesBrokerage Beat: News from Real, Corcoran, C21, BHGRE, Sotheby'sReal nabs top Chicago team; Rabbitt Group forms at Corcoran Reverie; Baltimore indie joins C21; Oklahoma firm signs on with BHGRE; Sotheby's opens in Poland.Real Estate News StaffApril 20, 2024
IndustryPeople on the Move: Chicago Association of Realtors president resignsDrussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.Real Estate News StaffApril 19, 2024
Paid ContentHow a global referral network can drive local business for real estate prosTwo agents share why aligning with a real estate brand recognized around the world, like RE/MAX, can open vast new possibilities for business.Sponsored by RE/MAX
IndustryRacial disparity in appraisals continues to improveAfter encouraging reports from 2022, new data shows the appraisal gap continued to shrink throughout much of the U.S. in 2023.Cheryl Reid-SimonsApril 19, 2024
IndustryTop portal rivals show mutual support for buyer agencyThis week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry. AJ LaTraceApril 19, 2024
By the NumbersInventory is way up in Florida — but prices are still risingActive listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.AJ LaTraceApril 19, 2024
IndustryYour guide to the latestKeep track of all the cases and their status with our handy lawsuit cheat sheet.
By the NumbersMortgage interest rates soar above 7%, reaching new 2024 highNo rate relief is expected soon, and home prices are also setting records this spring, suppressing existing home sales.Dave GallagherApril 18, 2024
IndustryWhy is housing supply so low? Blame local zoningTwo U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.AJ LaTraceApril 18, 2024
BrokeragesKW still on the hook for spam calls, judge rulesA Pennsylvania judge concluded the brokerage company has personal jurisdiction in a telemarketing lawsuit involving agents from a franchise office.Dave GallagherApril 18, 2024
By the NumbersHousing Market Decoded: 3 factors that could affect summer home salesGet answers to the big questions on everyone's mind: What will happen with inventory and mortgage rates — and will the NAR settlement impact the market?Lisa SturtevantApril 17, 2024
AgentsAgents optimistic about the market, concerned about buy-side payA new survey from Real Brokerage offers insight into agent sentiment and how they really feel about the industry changes set to go into effect this summer.AJ LaTraceApril 16, 2024
IndustryMajor homebuilder objects to commissions settlement processPulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.Dave GallagherApril 16, 2024
IndustryCommissions won't count against limits, Fannie and Freddie sayThe federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.Cheryl Reid-SimonsApril 16, 2024
IndustryCommissions, steering and the MLS: Myths and realitiesDuring a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.AJ LaTraceApril 16, 2024
BrokeragesNo quick judgment for home sellers in commissions caseThe judge in Sitzer/Burnett declined the plaintiffs’ motion to enter a $5.4 billion award, saying other motions and settlements need to be finalized.Dave GallagherApril 15, 2024
BrokeragesSupreme Court to HomeServices: Sitzer/Burnett verdict standsThe brokerage lost its bid to have the verdict tossed out, leaving it with fewer options as the lone defendant in the landmark commissions case.Dave GallagherApril 15, 2024