Realogy, Keller Williams, HomeServices of America and RE/MAX filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry. Continue reading
The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan. Continue reading
Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year fixed-rate mortgage. Continue reading
Sales of new single-family homes dropped 6.9 percent from March to April, but are up 7 percent year-over-year, according to the latest data. Continue reading
Matt Roberts, the former CEO of OpenTable is joining the board of directors for vacation rental management startup Vacasa. Continue reading
Inman has obtained a letter from the Department of Justice requesting information on multiple listing service data from CoreLogic, a California-based financial services and analytics firm. Continue reading
The Department of Justice is reportedly demanding CoreLogic and other MLS vendors hand over information related to buyer broker commissions. Continue reading
The U.K.-based discount brokerage launched in the U.S. in 2017 and has had a massive turnover in leadership roles in recent months. Continue reading
Existing home sales for single-family homes, townhomes, condos and co-ops fell 0.4 percent from March to April and were down 4.4 percent year-over-year. Continue reading
The following is the complete White House transcript of President Trump’s speech to the National Association of Realtors during its annual mid-year legislative and trade expo in Washington, D.C. Continue reading