Property Invests
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.