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

Did the US dodge a recession? As outlook softens, analysts reassess

A rising tide of economists are backing away from early forecasts that the U.S. is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead. Continue reading

Judges deny HomeServices appeal, clearing way for October Sitzer trial

The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of two highly anticipated bombshell commission trials later this year. Continue reading

Foreign buyers target high-end homes as transactions fall 14%

The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs. Continue reading

What the early ’80s inflation crisis reveals about today’s home market

The Fed has raised interest rates to fight inflation in the past. A new Intel analysis illuminates the data behind the “rate lock” of the early 1980s and how long it took home sales to eventually recover. Continue reading