NextHome has become the latest brokerage to strike a settlement agreement with seller plaintiffs in ongoing commission lawsuits, joining more than a dozen other defendants who have negotiated deals in the largest Burnett copycat case (known as Gibson) led by star trial attorney Michael Ketchmark. A judge paused all...
In a seemingly positive sign for consumers, inflation has now posted the lowest recent annual increase two months in a row. Previously, in July 2024, the Consumer Price Index (CPI)—key inflation gauge assembled by the U.S. Bureau of Labor Statistics—rose only 2.9% year-over-year. In the latest CPI for August, ...read more
They're the yangs to the high-mortgage-rate yins. The homeowners who have the 3% – 4% 30-year mortgage rates and have, over the last few years, refused to vacate, logically in most cases as they have not wanted to take on new mortgages in the 6% – 8% range. All...
With fall approaching, home shoppers will see a plethora of options this buying season as housing inventory hits the highest level seen since May 2020, according to Realtor.com® data. Realtor.com®'s August Housing Trends Report found that the number of homes actively for sale grew by 35.8% year-over-year, the 10th...
Anywhere Real Estate Inc. has been named by Newsweek as one of the World's Most Trustworthy Companies. The World's Most Trustworthy Companies list is presented by Newsweek and Statista Inc., according to a release. Companies on the list were chosen based on evaluations of trust across three main groups: ...read more
The National Association of REALTORS® (NAR) has announced that its C5 + CCIM Global Summit–co-hosted with the CCIM Institute–will take place from September 17-19, 2024 at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida. “The 2024 C5 + CCIM Global Summit provides business, learning and networking opportunities ...read more
Consumers reported significantly greater optimism about the future direction of mortgage rates, despite showing little change in overall home buying sentiment, according to Fannie Mae data. Fannie Mae Home Purchase Sentiment Index® (HPSI) for August increased 0.6 points to 72.1, up 5.2 points year over year. Fannie Mae added ...read more
United® Real Estate has announced the company has been ranked in the Inc. 5000 for the eighth year as one the fastest-growing privately held U.S. companies. This year, the firm was named the No. 1 Fastest-Growing National Brokerage by revenue, according to a release by the brokerage. The ...read more
The maelstrom of change and upheaval sparked by a commission-lawsuit pile-on, subsequent practice changes to compensation structure and a media feeding frenzy may have shifted who real estate brokers trust—and who they are depending on to guide them through a still very uncertain time. In RISMedia's latest Broker Confidence...
Above: (left to right) Mike McDonagh, Kendall Bonner, Ed Zorn, Marilyn Wilson WASHINGTON, D.C.—What happens when you get a bunch of lawyers and business operations experts in the room with hundreds of brokerage leaders to talk about one of the most pivotal legal cases the housing industry has seen...