Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. Lutz, a resident of Colorado, purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise.

Sellers 468

Sellers Real Estate Agent Realtors Real Estate 468

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS.

Realty 459

Realty Realtors Brokerage Real Estate 459

Housing Wire

JULY 23, 2024

Originally filed in 2020 by Top Agent Network (TAN), the suit takes aim at the National Association of Realtors ’ (NAR) ban on pocket listings via its Clear Cooperation Policy. The suit was dismissed with prejudice in 2021 as the lower court ruled that TAN failed to state a claim with prejudice in its third amended complaint.

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Realtors Agents Real Estate Marketing 466

Housing Wire

MAY 8, 2024

Earlier on Wednesday, the homebuyer plaintiffs in the Batton 1 commission lawsuit, filed in Chicago in January 2021, filed a motion for a temporary restraining order and preliminary injunction. When the settlement agreements were initially announced, it was generally understood that they only applied to claims brought by home sellers.

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Sellers Realtors Brokerage Buyers 440

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2021, up from 50.5

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Sellers Buyers Real Estate Agent Real Estate 418

Housing Wire

JANUARY 12, 2024

The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers and professionals in the Atlanta metro area, Northern California , South Florida and the Kansas City metro area.

Real Estate Agent 468

Real Estate Agent Real Estate Realtors Agents 468

Housing Wire

OCTOBER 2, 2024

Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR). NAR is the only defendant in the newest version after the plaintiff filed a voluntary dismissal of the San Francisco Association of Realtors , which was originally named as one of the defendants.

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Agents Realtors Sellers Brokerage 434

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively.

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Realtors Housing Market Construction Real Estate 468

Housing Wire

DECEMBER 4, 2024

The National Association of Realtors (NAR) may have had its home seller commission lawsuit settlement agreement approved , but that does not mean it is free from the homebuyer commission lawsuits. Last week, as Judge Stephen R.

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Real Estate Agent Realtors Real Estate Realty 395

Housing Wire

NOVEMBER 8, 2023

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Unlike the Sitzer/Burnett , Moehrl and Gibson lawsuits , the National Association of Realtors (NAR) is missing from the list of defendants, however, the trade group’s presence is heavily felt in the plaintiffs’ complaint.

Real Estate 459

Real Estate Realtors Sellers Agents 459

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. Sellers remain in control, but the next month or two will be very telling,” Stacey Delgado, a Redfin agent in Raleigh said.

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Buyers Inventory Real Estate Agent Sellers 468

Housing Wire

DECEMBER 28, 2021

real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. on pace for 6.29

Real Estate 476

Real Estate Realty Brokerage Realtors 476

Housing Wire

FEBRUARY 19, 2021

The National Association of Realtors reported that existing home sales for January were at 6,669,000, which beat estimates. When the 10-year yield gets into the range of 1.33%-1.60%, we will have achieved our goal for the “America is Back” economic model that I proposed last year, which I believe could only happen in 2021.

Housing Market 528

Housing Market Realtors Mortgage Sellers 528

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 482

Real Estate Inventory Sellers Realtors 482

Housing Wire

AUGUST 22, 2024

The plaintiff, James Lutz, is a resident of Colorado who purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise. home sellers) pursuing the same injunctive relief that Plaintiff seeks here,” the filing states. Lutz is being represented in the suit by Randall P.

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Law Real Estate Agent Brokerage Real Estate 434

Housing Wire

MAY 15, 2024

That’s a swing of 17% fewer sellers in just a matter of days. The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

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Mortgage New Listings Inventory Sellers 459

Housing Wire

FEBRUARY 6, 2024

Originally filed by REX in March 2021 , against Zillow and the National Association of Realtors , the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”

Advertising 448

Advertising Real Estate Brokerage Agents 448

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client.

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Realtors Buyers Housing Market New Listings 497

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Pennsylvania copycat commission lawsuit has some new defendants and a new plaintiff.

Brokerage 432

Brokerage Realty Real Estate Real Estate Agent 432

Housing Wire

NOVEMBER 3, 2020

nationally by September 2021 as higher prices erode affordability. Data from the National Association of Realtors and U.S. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. by September 2021.

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Inventory Housing Market Construction Marketing 497

Housing Wire

APRIL 9, 2024

In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending. Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price.

Sellers 476

Sellers Realty Insurance Realtors 476

Housing Wire

OCTOBER 2, 2023

Originally filed by REX in March 2021 , against Zillow and the National Association of Realtors , the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”

Advertising 448

Advertising Brokerage Real Estate Legal 448

Housing Wire

NOVEMBER 4, 2024

In the third quarter of 2024, newly built single-family homes made up just 28% of homes for sale, according to a recent Redfin report based on data from the National Association of Realtors (NAR) and the U.S. This indicates that buyers and sellers alike are showing signs of frustration in waiting for rates to fall. Census Bureau.

Marketing 370

Marketing Inventory Construction Realtors 370

Housing Wire

SEPTEMBER 3, 2024

year over year in Q2 2024 and were 61% below peak activity levels of 2021. In response, Bright MLS chief economist Lisa Sturtevant noted that while “declining rates are good for both buyers and sellers,“ rates are not yet low enough to alleviate the lock-in effect that has stopped many potential listings in their tracks.

Mortgage 501

Mortgage Inventory Buyers Sellers 501

Housing Wire

JULY 13, 2021

Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.” million homes, according to the National Association of Realtors.

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents.

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Law Agents Realtors Contracts 459

Housing Wire

JANUARY 9, 2023

Foreclosure auction buyers on the Auction.com platform purchased at an average discount of 29% below estimated “as-is” market value in the fourth quarter of 2022, up from 23% in the third quarter and up from a pandemic low of 9% in the first quarter of 2021. Home sales bottoming out as sellers eventually capitulate on price.

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Retail Sellers Buyers Market Value 505

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. million in September 2021. Tables have turned for some sellers. million units from 6.18

Mortgage 435

Mortgage Sellers Contracts Buyers 435

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 months in February 2021. My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. million and 6.16

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 16, 2024

The first Batton suit was filed in Illinois in January 2021 by Judah Leeder and later amended in July 2022 with Mya Batton as the lead plaintiff. Defendants in the behemoth Batton homebuyer commission lawsuit filed a ream of motions on Monday seeking to have the class-action allegations struck down and dismissed.

Real Estate 447

Real Estate Realtors Law Legal 447

Housing Wire

JULY 28, 2021

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We watch as consolidation transpires all-around.

Brokerage 545

Brokerage Real Estate Clients Agents 545

Housing Wire

NOVEMBER 28, 2023

Equipping our members with easy-to-use floor plan creation tools will enhance the services they offer to both homebuyers and sellers. Other notable MLSs in the program include Bright MLS , the Houston Association of Realtors and Georgia MLS. Cubicasa was acquired by appraisal management company Clear Capital in 2021.

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Tools Technology Real Estate Training 435

Housing Wire

JUNE 28, 2024

Each of these out-of-state Named Plaintiffs allegedly enlisted a buyer-agent in the period from 2018 to 2021 to purchase a home in these other states. In addition to the joint motion to dismiss, United Real Estate and Weichert Realtors filed motions to dismiss due to lack of jurisdiction.

Brokerage 388

Brokerage Realtors Law Real Estate 388

Housing Wire

MAY 14, 2024

In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending. Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price.

Sellers 439

Sellers Realty Insurance Realtors 439

Appraisal Buzz

SEPTEMBER 20, 2021

Buyers and sellers? Realtors and Property Appraisers? But they’ll eventually deliver lucidity — allowing buyers, sellers, agents, appraisers, and lenders to plan and budget accordingly. The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. And what does this mean for the economy? Interest rates?

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Valuation Property Appraisal Real Estate Sellers 195

Housing Wire

MARCH 16, 2022

One real estate agent interviewed by the NAHREP surveyors said the biggest challenge in 2021 was discrimination against FHA borrowers. “A A lot of sellers were very blunt about it: ‘If it’s FHA, forget it,’” said Lizbeth Alarcon, an agent at RE/MAX Vivid Realty. FHA offers were being eliminated, even if it was a strong offer.”.

Real Estate Agent 397

Real Estate Agent Real Estate Agents Investors 397

Housing Wire

AUGUST 8, 2022

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. In September 2021, Clear Capital bought CubiCasa, which is now a fully owned subsidiary of Clear Capital that operates independently of its corporate parent.

Property Management 525

Property Management Technology Real Estate Valuation 525