HomeServices' $250 million settlement moves forward
Preliminary approval of the deal was granted on Aug. 8, with a final hearing set for Nov. 26. Plus, Batton 2 plaintiffs respond to motions to dismiss.
August 8, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Mortgage rates tumble, but where are the buyers?The 30-year mortgage fell to its lowest level since May 2023, which “should begin to pique their interest in making a move” — but buyers might not be ready.August 8, 2024
- Zillow continues to outperform industry, beat expectationsRevenue was up 13% in Q2, and the company — now with a new CEO — said it's in a strong position: “We have the most customers, we work with the best partners."August 7, 2024
- Are consumers giving up on homebuying?The latest sentiment survey from Fannie Mae shows declining optimism, with more consumers now saying they plan to rent when they make their next move.August 7, 2024
- Redfin is ramping up for a reboundCEO Glenn Kelman says the company's lower-fee model will attract consumers who are now more aware of commissions: "We can use price as a weapon to gain share."August 6, 2024
- Settlement in the works in buy-side commissions caseA court filing indicates that Chicago-based At World Properties is nearing a deal in a lawsuit brought by an Illinois homebuyer.August 6, 2024
- What buyers will give up to find an affordable homeA Redfin survey found that younger buyers are more willing to sacrifice safety, and overall, proximity to amenities was lower on the list of must-haves.August 5, 2024
- Top 3 takeaways from a hot summer week of economic newsThe jobs report was the biggest surprise, and it had an immediate impact on mortgage rates. Meanwhile, inventory continues to build.August 3, 2024
- Buyer agent commissions already falling, new report findsRedfin reports that the typical commission for buyer agents slipped to 2.55% ahead of the August 17 deadline for rule changes related to the NAR settlement.August 2, 2024
- ShowingTime returns to two large MLSs after settlementMembers of ARMLS and Metro MLS will be able to choose between ShowingTime and Aligned Showings after resolution of a lawsuit filed by Zillow in December.August 2, 2024
- Opendoor trims losses, calls out pressure on commissionsIt’s early, the iBuyer’s CEO says, but Opendoor has seen “10-15 basis points of pressure” on commission rates. “Not a huge amount, but decidedly different.”August 1, 2024
- FTC refunds over $12 million in alleged home-flipping schemeMore than 25,000 consumers paid Zurixx for coaching endorsed by TV real estate reality-show stars in a case officials hope “is a warning to others.”August 1, 2024
- NAR serves up agent talking points, consumer resourcesThe association has shared a series of fact sheets and presentations to help real estate professionals and their clients understand what to expect come Aug. 17.July 31, 2024
- No rate cuts yet, but they're 'on the table'As expected, the Fed held steady on rates today, but signaled the possibility of cuts in September. That might not mean big drops in mortgage rates, however.July 31, 2024
- Pending sales up for the first time since MarchWhile still sluggish, it’s a sign that demand is lurking, and sales “would have been even higher” if buyers weren’t waiting for mortgage rates to drop.July 31, 2024
- Major MLS inks agreement to tap international marketThe Houston Association of Realtors formed a data share partnership with the largest Latin American MLS, giving members access to listings across 22 countries.July 30, 2024
- CRMLS removes key concessions detailsThe organization added a concessions field in May that allowed listing agents to specify an amount or percentage — but opted to remove those options this week.July 30, 2024
- 5 markets where rising inventory is helping buyersAffordability has remained a problem in much of the country, even as supply has increased. But a few areas, led by Tampa, are becoming more accessible.July 29, 2024
- How one major association is getting ahead of industry changesSouth Florida’s Broward, Palm Beaches & St. Lucie Realtors is taking a two-pronged approach, using ads to educate consumers while helping members stay informed.July 29, 2024
- Buyers continue to hold out as rates stay putMortgage rates remained nearly flat as the market awaits the Fed’s next move. Meanwhile, inventory is still growing — but “sellers are pulling back.”July 25, 2024
