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
MLS/AssnHow the MLS has endured, and what the future holdsIn the third of a three-part series, RESO CEO Sam DeBord explains why rules are critical to the MLS and how shifts in the industry influence MLS functions.Sam DeBordApril 15, 2024
TechIn Focus: Synthesizing data to get smarter about listingsMLS platform Perchwell was born out of CEO Brendan Fairbanks' desire to create "a more quantitative approach to understanding the market."Robert DavisApril 14, 2024
MLS/AssnWhat agents and brokers can — and can’t — do under new MLS rulesBright MLS legal counsel Brian Schneider explained the ins and outs of the NAR settlement rule changes. Here’s what real estate professionals need to know.AJ LaTraceApril 13, 2024
BrokeragesBrokerage Beat: News from Corcoran, ERA, Real, eXp$90M luxury agent moves to Corcoran; 40-year independent joins ERA Powered; Seattle broker hops from The Agency to Real; eXp highlights Q1 team recruitments.Real Estate News StaffApril 13, 2024
TechTech Bytes: News from Stellar MLS, NorthstarMLS and T3 SixtyStellar MLS expands voice search capabilities; NorthstarMLS launches RESO web API; T3 Sixty announces Tech Summit plans.Real Estate News StaffApril 12, 2024
MLS/AssnNAR deal and DOJ ruling give pocket listing case new lifeTop Agent Network is asking for an October 2025 trial date in the dispute over the National Association of Realtors’ Clear Cooperation policy.Cheryl Reid-SimonsApril 12, 2024
IndustryJudges rule against merging commissions copycats — for nowThe ruling leaves open the possibility of consolidation after settlements have concluded. But in the meantime, cases that had been on pause can move forward.Dave GallagherApril 12, 2024
IndustrySitzer/Burnett plaintiffs push for steep judgment — plus interestAttorneys argued that the home sellers “should not have to wait indefinitely to defend their verdict on appeal” and provided details about the case’s timeline.Dave GallagherApril 12, 2024
AgentsHow are agents paid? Don’t ask buyersMore than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.AJ LaTraceApril 11, 2024
By the NumbersWith no rate cuts expected soon, financing a home remains toughAs the U.S. economy continues to show strength, mortgage rates could stay in the 7% range this homebuying season.Dave GallagherApril 11, 2024