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Judges Deny Lawsuit Consolidation Effort, Leaving Commission Cases Scattered

USA Real Estate News-RISMedia - Fri, 2024-04-12 13:30

Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges today denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the copycat cases under one judge, saying that the “procedural posture of the litigation” makes that effort inappropriate. “After settlement proceedings conclude, and it becomes evident how…

The post Judges Deny Lawsuit Consolidation Effort, Leaving Commission Cases Scattered appeared first on RISMedia.

RE/MAX’s Motto Mortgage out to re-up original franchise owners

USA Real Estate News-Inman - Fri, 2024-04-12 13:25
Most new franchisees signing up for Motto's "mortgage brokerage-in-a-box" solution are real estate brokerages and teams that aren't affiliated with RE/MAX.

Judges decline to ‘centralize’ commission lawsuits for now

USA Real Estate News-Inman - Fri, 2024-04-12 12:34
A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request.

Exploring the Shift Toward In-House Marketing Teams

USA Real Estate News-RISMedia - Fri, 2024-04-12 12:13

More national real estate franchises are beginning to take marketing measures into their own hands rather than using agencies for hire on a contract basis, RISMedia’s 2024 Agent & Broker Marketing Study found.  Drilling down further, the study also found that the average size of an in-house marketing team nearly doubled between 2022 and 2023…

The post Exploring the Shift Toward In-House Marketing Teams appeared first on RISMedia.

Max Azria’s former estate heads to auction 9 years after first listing

USA Real Estate News-Inman - Fri, 2024-04-12 11:36
The estate is being listed by Branden and Rayni Williams of The Beverly Hills Estates for $55 million as it simultaneously prepares to head to a no-reserve auction with Concierge Auctions from May 9 through May 23.

Consumer Sentiment Continues to Fall in April

USA Real Estate News-RISMedia - Fri, 2024-04-12 11:35

While economic signs remain strong and experts have a positive outlook, consumer sentiment saw a slight dip in April. The dip, however, is not any cause for concern, according to experts. Consumer sentiment fell 1.9% in April, following a 0.5% decrease in March. These drops come after a strong start to 2024, with a 0.8%…

The post Consumer Sentiment Continues to Fall in April appeared first on RISMedia.

Global Spotlight: Luxury Island Living in the Maldives

USA Real Estate News-RISMedia - Fri, 2024-04-12 11:32

Destinations by LeadingRE, the new development marketing program powered by Leading Real Estate Companies of the World®, is pleased to have Soneva Villa Ownership in its collection of fine developments. This month, we explore what makes Soneva so extraordinary and highlight one of their luxury properties in the Maldives. Justin Kingsley Group Director Soneva Villa…

The post Global Spotlight: Luxury Island Living in the Maldives appeared first on RISMedia.

Mortgage Mix: Rates Inch Up; Consumers Adjust to Upward Movement

USA Real Estate News-RISMedia - Fri, 2024-04-12 11:20

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the Primary Mortgage Market Survey® from Freddie Mac, last updated April 11, 2024, the 30-year mortgage rate sits at 6.88%, while the 15-year mortgage rate currently stands at 6.16%. These rates represent a…

The post Mortgage Mix: Rates Inch Up; Consumers Adjust to Upward Movement appeared first on RISMedia.

Stellar MLS Offers Enhanced Version of ‘Finding Homes’

USA Real Estate News-RISMedia - Fri, 2024-04-12 11:19

Stellar MLS has announced it is now offering an enhanced version of Lundy Inc.’s “Finding Homes” search by voice technology to customers and consumers seeking homes in the MLS’s coverage area. Finding Homes is a voice-activated property search engine designed to assist real estate professionals and homebuyers in navigating real estate listings using their voice…

The post Stellar MLS Offers Enhanced Version of ‘Finding Homes’ appeared first on RISMedia.

More and more renters believe they will never own a home

USA Real Estate News-Inman - Fri, 2024-04-12 11:16
Thirty-eight percent of renters don't believe they will ever own a home — up from 27 percent less than a year ago, according to Redfin.

BoomTown is dealing with a service outage. Now agents want answers

USA Real Estate News-Inman - Fri, 2024-04-12 11:08
Real estate professionals have been seeking answers since Wednesday, when many lost access to their personal websites, lead services and other tools provided by Boomtown, agents told Inman.

The Hottest Housing Markets of February 2024

USA Real Estate News-RISMedia - Fri, 2024-04-12 11:04

The Manchester-Nashua, New Hampshire metro area ranked as February’s hottest housing market for the sixth time in the last year, according to a new report from Realtor.com. Manchester-Nashua hit number 1 for the first time in March 2021 and has been a mainstay at the top of the list ever since. Realtor.com’s Market Hotness rankings…

The post The Hottest Housing Markets of February 2024 appeared first on RISMedia.

DOJ vs. NAR, UWM vs. Rocket, and more: Inman Top 5 stories

USA Real Estate News-Inman - Fri, 2024-04-12 11:01
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Shifts in Legal Landscape Appear to Revive Pocket Listing Lawsuit

USA Real Estate News-RISMedia - Fri, 2024-04-12 10:30

A lawsuit filed by a pocket listing startup targeting the National Association of REALTORS®’ (NAR) Clear Cooperation policy appears to be moving forward after other major developments shifted the legal landscape, with plaintiffs saying in a recent court filing that NAR’s commission lawsuit settlement and a recent appeals court ruling involving the Department of Justice…

The post Shifts in Legal Landscape Appear to Revive Pocket Listing Lawsuit appeared first on RISMedia.

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