Federal court in Seattle grants the discount brokerage’s motion to compel on the grounds that the data could show whether Zillow and NAR caused harm to REX or to competition in general. Continue reading
Existing-home sales sagged 1.5 percent to a seasonally adjusted annual rate of 4.71 million, 23.8 percent lower than in Sept. 2021, according to data released Thursday by the National Association of Realtors. Continue reading
In a report on Wednesday, the Consumer Federation of America found the median commissions listing agents offered to buyer agents ranged from 1 percent in parts of Brooklyn to 3 percent in Manhattan. Continue reading
The new Series B funding will go toward boosting the company’s homeownership coaching program, growing its team and expanding to new markets. Continue reading
The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. Continue reading
The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading
“Minneapolis Area Realtors apologizes to all members of the community who have been burdened, denied service, or ignored by our actions.” The trade group also releases policy changes designed to close the racial homeownership gap. Continue reading
The Council of Multiple Listing Services has hired Alicia Batts and Dylan Carson to help the trade group exert influence over MLS-related decisions at the antitrust enforcement agencies. Continue reading
The brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies “limiting both how homes are listed online and the negotiation of commissions.” Continue reading
Judge M. Page Kelley noted the real estate holding company formerly known as Realogy allegedly perpetuated NAR and MLS PIN’s “substantively identical” buyer broker commission rules. Continue reading