Inventory trickling in, but don’t expect a flood
All eyes are on inventory levels — which are up slightly compared to a year ago — as the market gears up for spring.
January 19, 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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- 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
- MLS leaders rising in the ranks of industry’s most powerfulAs organized real estate grapples with game-changing court cases and turmoil at the top, MLS execs are movin’ on up in the 2024 Swanepoel Power 200.January 15, 2024
- Is it time for MLSs to go their own way?The industry is at a crossroads as lawsuits threaten long-standing policies. For multiple listing services, separating from associations may be the answer.January 13, 2024
- New president focused on ‘furthering the business’ of NARKevin Sears stepped into the leadership role earlier this week, and in his first public message, shared his priorities for the association.January 11, 2024
- RE/MAX, Anywhere settlement details revealedClaim forms will be sent to eligible class members soon, but it's not clear how much money individual sellers will receive.Updated January 18, 2024
- Associations, brokerages hit with 2 new commissions lawsuitsCases filed in Arizona and Illinois target At World, Realty One, HomeSmart, Realty Executives and several local firms and Realtor associations.January 10, 2024
- Consumers are feeling more optimistic about mortgage ratesFannie Mae’s Home Purchase Sentiment Index closed out the year on a relative high note as borrowing costs fell.January 10, 2024
- NAR, HomeServices, KW ask for new trial in Sitzer/Burnett caseThe defendants seek to overturn the nearly $1.8 billion verdict, arguing in motions filed Jan. 8 that the evidence doesn’t meet the bar for antitrust damages.Updated January 18, 2024
- No New Year's fireworks as mortgage rates stabilizeInterest rates were nearly flat in the first week of 2024, ticking up slightly after nine weeks of declines.January 4, 2024
- NAR lost 26,000 members in 2023Membership fell by more than 17,000 in December, and the association posted its first annual decline in more than a decade.January 3, 2024
- What higher sales numbers could mean for the year aheadMoxiWorks predicts home sales will increase 8% year-over-year in January, which could bolster economist predictions of a rebound in 2024.January 2, 2024
- The Ten: How commissions lawsuits defined the year, and what’s nextThe Sitzer/Burnett trial put a spotlight on compensation, but it’s far from “case closed” as questions — and lawsuits — about how agents get paid multiply.December 29, 2023
- First American is back online after cyberattackThe company said its website and other systems are back up, but some functionality remains limited.Updated January 2, 2024
