HomeServices of America dismissed from commissions case
The Batton 1 lawsuit was brought by buyers, not sellers, and will move forward against NAR, Anywhere, RE/MAX and Keller Williams with fewer claims.
February 20, 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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- Why Zillow is ready to ‘press down on the accelerator’ in 2024CEO Rich Barton was bullish despite the challenging housing market, predicting double-digit revenue growth this year during a Feb. 13 earnings call.February 14, 2024
- Zillow beat revenue expectations in fourth quarterWhile still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.February 13, 2024
- Don’t count on rate cuts in the first half of 2024Economists say inflation is not falling fast enough to convince the Federal Reserve to lower interest rates.February 13, 2024
- Almost 20% of Realtors pay for multiple MLSs, but for how long?Commissions lawsuits could accelerate consolidation and evolution — and save agents money, according to a new report on MLSs and Realtor associations.February 13, 2024
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- Brokerage leaders are feeling better about 2024A 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
- 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
