However, the pace of growth has slowed for the past three quarters, likely due to higher inventory and elevated mortgage rates, said Anju Vajja, deputy director for FHFA's division of Research and Statistics.
So agents have to be considerate when working with others in the field or discussing changes with real estate professionals online as rules and practices vary at the local level.
While many agents and brokers are adjusting their practices in accordance with the settlement terms, some are continuing to look for loopholes, Bailey said — which he views as dangerous, because attorneys are watching very closely.
The latest move: In a joint status report filed August 29 in U.S. District Court in the District of Columbia, NAR noted that it will file a writ of certiorari — the formal process to request a review of a lower court's decision — by October 10.
Because the two competitors are engaged "in a well-publicized battle for website traffic" and because CoStar "cannot be trusted to police themselves," according to Move lawyers, the request for an injunction would "stop further misappropriation of specific trade secrets."
Graham Sellar, head of mortgage development at Santander, comments: “It’s clear that nabbing a sought-after primary school place for your child is playing an increasingly significant role in the property market for parents.
Some brokerages — including giants like eXp and Anywhere — are advising their agents to use proprietary forms and avoid those from state associations, largely due to concerns with length, legal jargon and provisions that could be deemed unfriendly to consumers.
While the execs noted that it's too early to say how the practice changes will play out, Schneider said he was "happy with the weekend from an Anywhere Real Estate perspective" but added that there's "a lot of confusion and misinformation out there in the industry."
Who the lawsuit affects: The plaintiffs allege that the "unlawful conduct" is "so widespread that it has caused harm to the goodwill of each prospective class member and the residential real estate agency (and brokerage) business as a whole."
But Dwiggins doesn't just answer questions, he asks them of guests on Real Estate Insiders Unfiltered, his podcast with Keith Robinson, NextHome's chief strategic officer.
Addressing housing supply:Harris recently unveiled a plan that includes building 3 million new for-sale and rental homes by removing some of the red tape, which would enable quicker and less expensive construction.
Since the August 2 jobs report, the stock market has regained its footing and mortgage rates have stabilized, as investors balance that data point with other, less dire indicators, like low initial jobless claims.
Stellar had to rewrite policies and procedures, change bylaws, remove content that mentioned shared compensation.
The report pointed out that every ZIP code in the top 10 offered a lower median list price — overall, or per square foot — compared to its surrounding metropolitan area or the rest of the nation's housing market (or both) in June.
"Even with moderately lower mortgage rates, affordability remains close to historic lows due to the high level of home prices relative to incomes," said Mark Palim, Fannie Mae's deputy chief economist.
The case was also national in scope (while Sitzer/Burnett applied specifically to Missouri homeowners), and was later combined with Umpa, another lawsuit filed in the same court.
Facilities financial investments likewise stand to take advantage of lower prices. They are “bond-like” in that they’re thought about to be defensive due to the fact that they are less sensitive to financial growth and can provide secure returns. Bonds profit most straight from dropping interest rates due to the fact that their prices increase...
Additionally, the founding member level includes a shout-out on the association website and invitations to exclusive events.
"A number of respondents point out that geography and distance play a strong role in deciding against consolidation, since their members do not want other Realtors participating in their MLS who do not understand the local market," NAR noted in the 2017 post.
The NAR settlement specifies that buyer agreements must include "a conspicuous statement that broker fees and commissions are not set by law and are fully negotiable."
Wright, who began her career in the financial services industry, joined the Chicago Sun-Times in 2017 as chief operating officer, was promoted to CEO the next year, then departed in 2023.
