Suing brokers increasingly chafe at NAR rules and reputation

Turn up the volume on your real estate success at Inman On Tour: Nashville! Connect with industry trailblazers and top-tier speakers to gain insights, cutting-edge strategies, and invaluable connections. Elevate your business and achieve your boldest g… Continue reading

REX loses appeal in long-running lawsuit against NAR, Zillow

Judges rule the now-defunct real estate brokerage did not provide evidence of “concerted action” between NAR and Zillow and that the no-commingling rule was “in fact” optional. Continue reading

NAR wrote a big fat check to the settlement fund: The Download

The National Association of Realtors made the first big payment toward its $418 million settlement. Where exactly are the funds coming from? Continue reading

Inflation is cooling. But is the economy about to crash?

After moving in the wrong direction for three months, annual inflation cooled to 2.5 percent in January. But the biggest drop in consumer spending since February 2021 has one model predicting that the economy is shrinking. Continue reading

Bad habits, bleak forecasts, no crashes: Inman Top 5

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading

Pending home sales fall 4.6% to an all-time low, NAR says

The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year. Continue reading

Brokers want Michigan to split MLS access from Realtor membership

The Hardy plaintiffs clapped back at NAR in court on Friday, noting agents and brokers in California, Florida and Georgia can join the MLS without having to support Realtor associations. Continue reading

UWM is hiring after banner year for purchase mortgage lending

In a year when home sales hit a three-decade low, the nation’s biggest mortgage lender made $96.1 billion in loans to homebuyers — the company’s best year ever. Continue reading

NAR makes $197M commission suit settlement payment

At least some of the payout will come from NAR’s reserve funds, including operating reserves and those collected from members specifically for lobbying and to advertise the Realtor brand. Continue reading

NAR, Mortgage Bankers Association back CFPB nominee

The National Association of Realtors and several other housing groups urged Congress to confirm Consumer Financial Protection Bureau nominee Jonathan McKernan, noting he has a “wealth of experience” to lead the financial watchdog. Continue reading