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Canada’s version of the bombshell commission lawsuit gets serious

USA Real Estate News-Inman - Fri, 2023-09-29 11:35
A judge struck down claims that defendants conspired to "fix," "maintain" and "increase" prices for buyer brokerage services, but allowed claims they sought to "control" prices to proceed.

Op-Ed: The Civic Duties of the Real Estate Professional

USA Real Estate News-RISMedia - Fri, 2023-09-29 11:24

There really is nothing as powerful as people fighting for their community. In this information age, we see people form groups and friendships that stretch across borders, across oceans; or they stay involved with their hometown from thousands of miles away. But physically living or working in a place—walking, biking or driving those streets every…

The post Op-Ed: The Civic Duties of the Real Estate Professional appeared first on RISMedia.

Latest Inflation Data Beats Expectations; Consumers Still Spending

USA Real Estate News-RISMedia - Fri, 2023-09-29 11:23

While still ticking upward, the PCE index—the Federal Reserve’s preferred measure of price increases—rose less than expected today, fueling optimism that there won’t be another resurgence in inflation. Additionally, the report showed that consumer spending rose slightly, another positive sign that consumers are continuing to open their pocketbooks despite a hawkish Fed and some previously…

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Volunteer leaders, bankruptcy, good advice: Inman’s Top 5

USA Real Estate News-Inman - Fri, 2023-09-29 11:14
With Inman Top 5, you'll find the most essential stories, chosen by our readers. Here are the most-read stores of Sept. 23-28, 2023.

Report Shows Slowing Improvements in Mortgage Delinquencies

USA Real Estate News-RISMedia - Fri, 2023-09-29 11:06

Mortgage rates are a predictor for homebuyer behavior—a conversation you’ve surely had with your clients before. Data analytics firm Black Knight, recently acquired by the Intercontinental Exchange, has released a Mortgage Monitor report tracking the state of mortgage delinquencies. The main takeaway? Mortgage delinquencies are declining, as is the rate at which they’re doing so.…

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NAR Accuses Lawsuit Plaintiffs of Attempting to Dodge Cross-Examination

USA Real Estate News-RISMedia - Fri, 2023-09-29 10:45

With just under three weeks before the first of the major commission lawsuits goes to trial, the potential for courtroom drama appears to be growing as three of the plaintiffs who launched the suit are attempting to withdraw as class representatives.  Lawyers for the National Association of REALTORS® (NAR) and two brokerages named as defendants…

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