Today’s average monthly mortgage payment is 52% higher than the typical monthly rent on an apartment, according to data from commercial real estate firm, CBRE.
Anywhere Real Estate and RE/MAX have agreed to a proposed settlement in the Nosalek commission antitrust lawsuit.
On Wednesday, attorneys for defendants HomeServices, Keller Williams, and the National Association of Realtors (NAR) asked for a mistrial, arguing that a video shown by the plaintiffs’ attorney amounted to an “ambush” that damaged their chance at a fair trial.
Attorneys for the defendants continued to lay out their case on Tuesday, October 24, 2023—Day 7 of the Sitzer/Burnett trial. NAR CEO Bob Goldberg and NAR Director of Engagement Rodney Gansho took the stand.
At their second annual signature conference, RISE 2023, Real Brokerage leadership announced new fintech tools for agents, an end-to-end digital solution for consumers, a new branding position for Real, and new intuitive marketing tools for agents.
Fannie Mae, CoreLogic, and Zillow are forecasting year-over-year increases in home values in the coming year, while Moody’s Analytics and Morgan Stanley are predicting single-digit national home price declines.
RealScout has officially released RealScout Pro+, with additional CRM integrations, large database support, and the new Auto Nurture feature that automates listing alerts, home value alerts, and market updates.
Home seller profits increased from 56.6% in Q2 to 59% in Q3 according to ATTOM’s third quarter 2023 U.S. Home Sales Report, showing the second consecutive quarterly uptick after several declines. Profit margins are down year over year.
This week in BAM brings Week 1 of the Sitzer/Burnett trial, new homeownership initiatives from the White House, Barbara Corcoran, the world’s longest open house, a business planning webinar recap, and Meta Verified for business accounts.
Four plaintiffs in the Sitzer/Burnett class action lawsuit took the stand on Wednesday and Thursday (October 18-19) to challenge the real estate industry’s commission structure.
With rates at 8%, a new Redfin report shows a housing market poised to finish 2023 with about 4.1 million home sales nationwide—the fewest since 2008. Byron Lazine shows how the potential for earning is still high for skilled and motivated real estate agents.
Barbara Corcoran is getting flack for saying now is the “very best time” to buy a house, even with mortgage rates hitting a 23-year high. The thing is, she’s not wrong.
