NAR, franchisors ask for summary judgment in Moehrl suit

The National Association of Realtors, Keller Williams and HomeServices of America have all asked a federal judge in Illinois to rule in their favor before the Moehrl case goes to trial. Continue reading

Texas homesellers file new commission suit as cases pile up

The new suit is the second in Texas since the Sitzer | Burnett verdict, and is one of a growing number of antitrust cases challenging the way agents get paid. Continue reading

80% of first-time homeowners say they’ll need a gift to buy again: Poll

Faced with rising prices and rates, buyers are increasingly counting on personal loans and gifts to close deals, according to a survey of 3,000 potential buyers conducted by Dig Insights and Inman. Continue reading

Signs of a buyer’s market emerge as homeseller concessions return

More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they’re beginning to see signs of a buyer’s market unfold. Continue reading

Mortgage rates overtake inventory as biggest worry for agents: Triple-I

After exceeding 8 percent in October, rising mortgage rates overtook “lack of housing inventory” as the top concern for real estate agents, according to the results of the latest monthly Inman Intel Index. Continue reading

Agents steer buyers to homes with better commissions, study claims

The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers’ agents received less attention and took longer to sell. Continue reading

Very superstitious: Agents say Friday the 13th can jinx a deal

St. Joseph statues, canceled flights, horseshoes, oh my! When clients are already nervous about a transaction, Friday the 13th could be the ‘nail in the coffin,’ agents said. Continue reading

NAR loses ‘Great Place to Work’ distinction on heels of Chicago rally

A rally at NAR headquarters in Chicago drew few Realtors on Monday, but organizers at the NAR Accountability Project declared a win nonetheless after NAR lost its “Great Place to Work” merit. Continue reading

Home values fell in 21 of the 50 largest US metros in August: Zillow

Home values are now 11.4 percent lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August. Continue reading

‘It must have 16 cabinets’: 6 deals that died for wild and silly reasons

Real estate agents recently revealed to Inman the most unexpected reasons they’ve lost deals — including a fear of snakes, hatred of Glade Plug-ins, bad vibes and, apparently, off-kilter feng shui. Continue reading