Will builders start lowering agent commissions?
Most haven't, data shows, as they wait for the post-settlement dust to settle. Instead, they’re leaning into agent relationships and rethinking incentives.
October 22, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
Page 8 of 42
- NAR, 4 brokerages ask court to toss out Homie suitThe defendants cite a lack of jurisdiction in the case, which alleges that NAR “controls competition” and accuses brokers of steering buyers away from listings.October 21, 2024
- NAR hit with another lawsuit over ‘forced membership’A case filed in Pennsylvania challenges membership rules and accuses associations of discriminatory treatment of minority real estate professionals.October 21, 2024
- For one pandemic boom town, balance is returningBuyers flooded the Austin market a few years ago, sending home prices sky-high. Now, the market has come back to earth, but affordability is still an issue.October 18, 2024
- Rising rates a bummer for buyers, but builders are more bullishMortgage rates moved up again, but for the market as a whole, “the worst may be behind us.” Plus, improving builder optimism could mean more future supply.October 17, 2024
- Buy a house before this election? First-timers vote noNearly a quarter of first-time buyers may wait even longer, to see if down payment help or other candidate promises materialize in 2025, a Redfin survey found.October 15, 2024
- Up for negotiation: Commission feesMore than half of recent sellers say they negotiated with their agent to lower the commission, according to new survey data from Zillow.October 14, 2024
- Courts this week: Motions filed in Gibson, Homie; eXp updateDefendants seek dismissals in the Missouri case; leading Utah MLS dropped from lawsuit involving flat-fee brokerage; eXp files settlement.October 11, 2024
- Higher rates, lower inflation: Mixed news creates uncertaintyBuyers are left wondering if they should wait for rates to fall again, as some economists expect, or act now “and worry about rates secondly.”October 10, 2024
- NAR appeals to Supreme Court in DOJ battleThe trade organization filed an official request with the high court today, asking for a review of an antitrust case that was ostensibly closed in 2021.October 10, 2024
- How buyers have (and haven’t) changed in recent yearsZillow’s latest trends report finds that, despite turbulence in the market, consumer traits and preferences are fairly stable — with some key exceptions.October 9, 2024
- Howard Hanna dismissed from Pennsylvania commissions caseWest Penn MLS was also dismissed, with the judge ruling there was no evidence of a conspiracy between the parties to fix rates.October 8, 2024
- Homebuyer sentiment is up, but for how long?Consumers were considerably more upbeat about the housing market in September, but rising mortgage rates may put a damper on their enthusiasm.October 7, 2024
- Mortgage rates jump following strong jobs reportWhile higher levels of employment is good news for real estate in the long term, rising rates may put a damper on home sales this fall.October 4, 2024
- More objections pour in over settlements involving Compass, RedfinA total of nine brokerages have settled in the Gibson/Umpa case, but objectors balk at damage amounts and cite concerns over the impact on homebuyer claims.October 3, 2024
- Buyers are getting ‘a leg up’ for the first time in yearsMortgage rates remain relatively low, and buyer activity, including home tours and mortgage purchase applications, are up.October 3, 2024
- 2 more brokerages agree to settle in commissions caseJohn L. Scott and Real Estate One are the latest firms to reach a deal in the Gibson/Umpa class-action lawsuit.October 2, 2024
- Katie Johnson steps down as NAR’s chief legal officerJohnson oversaw historic — and very public — legal cases for the organization, including the buyer agent commission lawsuits and sexual harassment litigation.October 1, 2024
- KW and other firms supporting agents impacted by hurricanesKW Cares has sent more than 450 generators to associates in the Carolinas, while RE/MAX and Anywhere are helping direct funds to affected agents.October 1, 2024
- Newly ID’d opt-ins will add $30 million to NAR settlement fundPlaintiffs in the Sitzer/Burnett commissions case are seeking preliminary approval for deals with 15 non-Realtor MLSs and 13 real estate brokerages.September 30, 2024
