Double trouble: 2nd commission suit this week hits Cali Realtors

The new lawsuit — the second filed in California this week — takes aim at rules enacted and enforced by MetroList and complied with by some of the nation’s biggest real estate firms. Continue reading

Brokerage firm MV Realty has been barred from North Carolina

MV Realty was under scrutiny for deceiving homeowners in financial distress into signing exclusive listing agreements that lasted 40 years in exchange for cash. Continue reading

NAR president sidesteps palace intrigue in 1st address to members

Newly installed NAR President Kevin Sears will remain in position for nearly two years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business. Continue reading

Illinois’ 3rd commission suit names @properties, champions buyers

A Chicago homeowner is the latest to allege NAR policies amounted to a conspiracy to keep commissions high for buyers; @properties vows to “vigorously defend” against the new lawsuit. Continue reading

Realtors fear damage to NAR brand beyond repair following Kasper exit

Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper’s resignation as president after less than five months doesn’t bode well for NAR’s reputation. Continue reading

Chicago landlord, business groups sue to block transfer tax hike

Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution. Continue reading

Homebuyers are now paying $400 less per month than in October

After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there’s no buying spree — yet. Continue reading

Real estate investing in 2023: The roller coaster continues

Rent began to reverse, office vacancy remained near record highs, banks failed and lending got tricky in 2023. Where are we headed next? Continue reading

America’s top loan officer foresees return to bidding wars, price gains

As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024. Continue reading