Existing-home sales fall in July as low inventory, high rates take toll

Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07 million — or 16.6 percent lower than a year earlier, according to data from the National Association of Realtors. Continue reading

Take Inman’s first-ever bombshell commission lawsuit survey here

A pair of explosive lawsuits could upend how brokers do business. As those suits come closer to trial, tell us how you feel about those cases and how prepared the industry is for the repercussions. Continue reading

REX antitrust claims against NAR and Zillow dismissed with prejudice

The case is currently set for trial on Sept. 18, but the National Association of Realtors is no longer a defendant, according to a court order. Some claims against Zillow remain. Continue reading

Sexual harassment claims against NAR may not be settled just yet

Last week at Connect, Brad Inman dropped the biggest bombshell of the conference when he told a rapt audience about a text message he’d received involving The New York Times, Bernice Ross writes. Continue reading

Real estate heroes come to rescue after suffering losses in Maui fires

Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces. Continue reading

‘It’s well past time’: DOJ urges court to overturn NAR commission ruling

In a Friday brief, the Department of Justice argued the National Association of Realtors’ pocket listing and commission rules need “to be assessed on their merits” on whether they cost American homebuyers billions of dollars a year. Continue reading

US prices fell this spring, new data shows. Not that anybody noticed

Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most U.S. markets, it didn’t feel that way. Continue reading

As NAR searches for its next CEO, here’s how it spends member dues

An Intel analysis of the National Association of Realtors’ nonprofit tax filings between 2004 and 2021 reveals just how much the trade group pays its top executives and leadership team. Continue reading

4 ways to improve real estate as bombshell commission suits sizzle

At Inman Connect Las Vegas, real estate broker and attorney Kendall Bonner urged the industry to be proactive instead of waiting to be legally “bullied” into change. Continue reading

Redfin exec: Clear Cooperation is failing to stop pocket listings

Joe Rath is Redfin’s senior director of brokerage operations and head of industry relations. He shared thoughts on Clear Cooperation ahead of his appearance at Inman Connect Las Vegas. Continue reading