Brokerage leaders are feeling better about 2024
A survey of leaders found greater optimism compared to a year ago, but many are concerned about recruiting, profits and commission lawsuits in the year ahead.
February 9, 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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- Consumer sentiment up as mortgage rate optimism hits record highFannie Mae’s monthly survey found that, for the first time, a greater share of consumers expects rates to fall in the next 12 months.February 9, 2024
- Lower mortgage rates haven’t materialized yet30-year mortgage rates have remained in the upper-6% range since December. Will predicted rate drops arrive in time for the spring buying season?February 8, 2024
- ‘Carfax for homes’ startup secures fundingRealReports, which provides property information for all U.S. homes, says it can give agents a competitive edge.February 7, 2024
- HomeServices takes commissions fight to Supreme CourtThe remaining brokerage defendant asserts that Sitzer/Burnett should have gone to arbitration rather than trial.February 5, 2024
- Longtime MLS leader 'still passionate,' sees big changes aheadStellar MLS CEO Merri Jo Cowen reflects on 40 years in the industry, what consumers don’t know about MLSs, and the need for a thoughtful approach to AI.February 5, 2024
- Profits on home sales took a dip in 2023Sellers are still seeing near-record-high profits, but this was the first year-over-year decline in 12 years.February 2, 2024
- Rates have stabilized — what does that mean for spring sales?A continued increase in mortgage applications suggests that more buyers are entering the market, but low supply could suppress activity.January 25, 2024
- Judge likely to merge 2 Illinois commissions casesThe lawsuits, known as Batton 1 and Batton 2, may soon be combined, with both moving forward under Judge Andrea Wood.January 24, 2024
- Court should consolidate all commissions cases, argues NARThe trade association favors a consolidated approach but wants all 19 cases included — and doesn’t think the trial should be held in Missouri.Updated March 19, 2024
- Golden State is the Lawsuit State as commissions cases pile upThe latest filing focuses on the Northeastern part of California and takes aim at MetroList MLS as well as multiple associations and brokerages.January 19, 2024
- eXp, former team leader named in sexual harassment suitA former female employee claims she was harassed, then fired for resisting advances from Chris Nevada of the Nevada Real Estate Group.January 19, 2024
- Inventory trickling in, but don’t expect a floodAll eyes are on inventory levels — which are up slightly compared to a year ago — as the market gears up for spring.January 19, 2024
- REX to appeal after losing latest battle with ZillowA jury ruled that Zillow's display of non-MLS listings was not deceptive, and a judge denied a request for a new trial. REX now says it will appeal.Updated February 5, 2024
- California slapped with a second commissions lawsuitThe latest case, which focuses on Los Angeles, lists 35 defendants including the largest MLS in the U.S., major brokerages and two dozen associations.January 18, 2024
- Mortgage rates drop to lowest level in 8 monthsLower rates are good news for buyers, but increased demand could further erode limited inventory.January 18, 2024
- Howard Hanna dropped from national commissions lawsuitDefendants in the Gibson case — which no longer includes Hanna — were also denied a request for a delay on Wednesday.January 18, 2024
- Builder confidence jumps in the new yearHome builder sentiment is up significantly in January as lower mortgage rates bring more buyers back to the market.Updated January 18, 2024
- Nevada joins growing list of states hit with compensation lawsuitsThe case originally targeted only NAR and state associations; a week and half later, 15 real estate brokerages were added to the list of defendants.Updated January 26, 2024
- More brokerages added to Bay Area commissions lawsuitFive additional firms, including Pacific Northwest powerhouse Windermere, join the growing list of defendants named in a Northern California case.January 16, 2024
