Judge largely dismissive of objections to settlements
In a lengthy filing, Judge Bough outlined his reasons for approving nine brokerage settlements last week, which he said got plaintiffs “the best deal possible.”
November 4, 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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- A year after Sitzer/Burnett, are the biggest impacts yet to come?A lot has happened — leadership changes, settlements, new rules — but some say it's still too early to know how the landmark verdict will affect the industry.November 2, 2024
- The fall housing rally may have come and goneSeptember’s low rates gave pending sales a boost, but as mortgage rates climb for a fifth straight week, enthusiasm is expected to wane.October 31, 2024
- Judge approves brokerage settlements totaling $110 millionDefendants including Compass, Redfin and seven other large firms can now move on from litigation in the sell-side commissions cases.October 31, 2024
- What’s spookier, ghosts or mold? Owners and buyers weigh inIn the “spirit” of Halloween, a new survey finds that many people would settle for a haunted house over one with maintenance issues or political neighbors.October 31, 2024
- Rise in transactions, agents drives strong Q3 for CompassRevenue was also up, and CEO Robert Reffkin said top agents have been able to increase commissions “since they are now able to negotiate for themselves again.”October 30, 2024
- A spate of objections to NAR, HomeServices settlementsWith less than a month until the deals are finalized, objectors are making claims of insufficient damages, harm to minorities, lack of accountability and more.October 30, 2024
- NAR settlement doesn’t pass the ‘real world’ testA law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.October 29, 2024
- Real estate in for a fright as mortgage rates return to 7%The latest numbers suggest that, for the third consecutive fall season, rates will crest that dreaded threshold.October 28, 2024
- In the courts: What’s new, and what’s nextThere's more than $110 million at stake in a nine-brokerage commissions settlement hearing next week, while eXp has come under fire for its recent deal.October 26, 2024
- New home sales take off; market remains grounded overallSeptember’s lower mortgage rates may have given a boost to the new construction sector, but buyer enthusiasm could be waning as rates climb back up.October 24, 2024
- A disappointing September pushes home sales to 14-year lowLower mortgage rates and rising inventory failed to entice buyers, particularly first-timers, as prices continued their year-over-year climb.October 23, 2024
- CoStar continues to grow, but not without some painRevenue was up 11%, and the company plans to accelerate the growth of the Homes.com sales team despite some slowdown in traffic from the previous quarter.October 22, 2024
- Top portals forge new partnership with enhanced listingsZillow will share 3D Home tours, interactive floor plans and other listing features with Realtor.com beginning in 2025, part of a larger focus on collaboration.October 22, 2024
- Will builders start lowering agent commissions?Most haven't, data shows, as they wait for the post-settlement dust to settle. Instead, they’re leaning into agent relationships and rethinking incentives.October 22, 2024
- NAR, 4 brokerages ask court to toss out Homie suitThe defendants cite a lack of jurisdiction in the case, which alleges that NAR “controls competition” and accuses brokers of steering buyers away from listings.October 21, 2024
- NAR hit with another lawsuit over ‘forced membership’A case filed in Pennsylvania challenges membership rules and accuses associations of discriminatory treatment of minority real estate professionals.October 21, 2024
- For one pandemic boom town, balance is returningBuyers flooded the Austin market a few years ago, sending home prices sky-high. Now, the market has come back to earth, but affordability is still an issue.October 18, 2024
- Rising rates a bummer for buyers, but builders are more bullishMortgage rates moved up again, but for the market as a whole, “the worst may be behind us.” Plus, improving builder optimism could mean more future supply.October 17, 2024
- Buy a house before this election? First-timers vote noNearly a quarter of first-time buyers may wait even longer, to see if down payment help or other candidate promises materialize in 2025, a Redfin survey found.October 15, 2024
