Real Estate News and Auction

Real estate commission legal fight continues as DOJ dismisses settlement, demands deeper reforms.

Sitting between Phoenix and Scotsdale, Paradise Valley is Arizona's wealthiest municipality, with the average home costing an eye-watering $2.87 million.

DOJ’s “Statement of Interest” has been filed in the MLSPIN Case and it will CREATE CHANGE.

Anthony picks apart the 33-page document, explains the highlights and how this will have national implications in the video.

For more information and resources including previous videos on the Sitzer/Burnett case, and more, visit www.ReCases.com.

#CrushitinRE #crushitinrealestate #ReCases

When will it get messy for our Drunken Sailors? Not now. By Wolf Richter for WOLF STREET. Mortgage balances outstanding ticked up by 0.9% in Q4 from Q3, to a record of $12.3 trillion. Year-over-year, the increase was only 2.8%, according to data from the New York Fed’s Household Debt and Credit...

Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.

#Zillow #housingforecast #housingpredictions

U.S. Treasury yields fell on Thursday as investors considered what could be next for interest rates and looked to comments from Fed speakers and economic data.

#sitzerburnett #superbowlcommercial #debate

While weekly housing inventory is still falling, we have year-over-year growth in total active listings and new listings data.

On today’s Hot Sheet, Byron Lazine discusses luxury home prices and the BLS employment situation report—and takes questions live.

This shift will  happen sometime this year.

It will be crucial for REALTORS to stay on top of this so be sure to follow us so you can successfully navigate these changes….

NAR has run out of liability insurance coverage, leaving state and local associations on the hook for millions of dollars in legal fees.

Listings dropped for the first time since June and pending sales growth slowed as mortgage rates stagnated and prices jumped the most in 16 months.

The Department of Justice filed a statement of interest late Thursday in the MLSPIN vs Nosalek case asking Judge Patti Saris to put in place an injunction baring MLSPIN from posting buyer agency commissions in MLSPIN listings. The National Association of Realtors is not a party to the lawsuit but the concepts are the similar to the bombshell commission case which NAR lost in October. The various commission lawsuits may still be consolidated by the US Multi district Litigation Panel.

I'm not a lawyer, too smart to go to law school.

https://www.justice.gov/d9/2024-02/420087.pdf

The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law.

The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker's commission directly

Yardi Matrix predicts that an influx of multifamily homes will dampen the national asking average, and the economy will significantly slow.

The real estate industry faces a pivotal moment due to a lawsuit against NAR, alleging collusion over commission structures. Potential changes include a shift towards a Redfin-style model.

Sleepy Joe will take your questions live in the halftime interview that should have been!

States prepare to use Medicaid for rental assistance for the first time.

Please, for the love of God, stop digging

A home seller in Utah accuses NAR, corporate brokerages and local firms of colluding to artificially inflate agent commissions.