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As the housing market correction continues to unfold in 2024, with inflation slowing and mortgage rates leveling out, new-home sales saw continued growth in January after a bounce-back in December. New-home sales registered at a rate of 661,000 in January, 1.5% above December’s rate of 664,000 and up 1.8% year-over-year, according to the latest data…
The post New-Home Sales Start 2024 Strong, Rising 1.5% in January appeared first on RISMedia.
In the wake of a significant but expected ruling by a federal judge allowing class-action claims by recent homebuyers against real estate incumbents to go forward, both parties are laying out diverging roadmaps for a case that could prove much more significant than any of the many commission cases filed in the past four months.…
The post Buyer Lawsuit Could Spill Into 2027 With No Settlements in Sight appeared first on RISMedia.
In a forceful commentary regarding the Department of Justice’s (DOJ) Feb. 15 Statement of Interest calling for “decoupled commissions” in rebuke of a lawsuit settlement of a case known as Nosalek v. MLS PIN, the National Association of REALTORS® (NAR) said the decision would hurt consumers as opposed to helping them. In a statement emailed…
The post NAR Objects to DOJ Filing, Claiming It Will ‘Harm Consumers and Reduce Access to Fair Housing’ appeared first on RISMedia.
PropStream is integrating with the San Francisco Association of REALTORS® (SFAR) MLS and bringing PropStream to their over 4,500 agents via SFAR’s product dashboard. “We are excited to be partnering with the San Francisco Association of REALTORS®,” said PropStream’s CEO, Brian Tepfer. “Our best-in-class lead generation platform will be an excellent tool for SFAR’s agents…
The post PropStream Partners With the San Francisco Association of REALTORS® appeared first on RISMedia.