Author Archives: Taylor Anderson

Hyatt, Hilton among those accused of price-fixing in new antitrust suit

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A lawsuit filed last week in California alleges the hotel industry engaged in illegal price-fixing using AI software. Continue reading →

Distress in office sector climbs to 12-year high, new report says

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Over $38 billion in office buildings show signs of distress in downtowns across the nation as the sector continues to struggle through the high rate environment. Continue reading →

The good, bad and ugly: Rating the media’s commission coverage

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After the National Association of Realtors announced its proposed commission settlement in March, mainstream media covered the historic news with mixed results, an Inman analysis shows. Continue reading →

Is NAR a net-positive? It depends if you ask an agent or a broker: Intel

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These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively. Continue reading →

HomeServices of America agrees to pay $250M to settle lawsuits

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HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion. Continue reading →

Sitzer judge grants preliminary approval for NAR settlement

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Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were “fair, reasonable and adequate” and set a final approval hearing for November. Continue reading →

CoStar to acquire 3D scanning company Matterport for $1.6B

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Matterport’s board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion. Continue reading →

Weeklong BoomTown outage was caused by hackers, CEO confirms

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On Wednesday, executives told customers that a “security incident involving a malicious third party” caused the outage that has disrupted thousands of brokers and agents since last week. Continue reading →

Agents feel the pain as BoomTown outage extends into another week

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Since April 10, brokerage websites across the country have been dark as BoomTown scrambles to resolve service disruptions. The outage has already impacted the bottom line, agents told Inman. Continue reading →

Judges decline to ‘centralize’ commission lawsuits for now

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A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request. Continue reading →