Latest National Association of Realtors News
This Week: Home sales, Fed meeting minutes and consumer sentiment index
A look at some of the key business events and economic indicators upcoming this week SPOTLIGHT ON HOUSING The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday. Economists project that sales of...
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices. The online brokerage and real estate services...
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
LOS ANGELES (AP) — A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold...
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
LOS ANGELES (AP) — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19...
This week: Consumer confidence, Cintas earnings, pending home sales
A look at some of the key business events and economic indicators upcoming this week. CONSUMERS' MOOD The Conference Board on Tuesday releases its consumer confidence index for March. In February, American consumers were feeling less confident as...
Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions, the company said in a regulatory filing Friday. The New York-based company also agreed to change its business practices to ensure...
February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market
LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in February from the previous month to the strongest pace in a year with homebuyers encouraged by a modest pullback in mortgage rates and more properties on the market. Existing home sales climbed 9.5% last month from...
Rules that helped set real estate agent commissions are changing. Here's what you need to know
The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions. The policy changes could help spur price competition for agents' services and lower the cost for sellers who now typically cover...
This Week: Housing starts, Fed policy update and existing US home sales
A look at some of the key business events and economic indicators upcoming this week TRACKING HOME CONSTRUCTION New government data on residential construction should provide insight into the state of the new-home market. The Commerce Department is...
Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay artificially inflated costs to sell their homes. Under the terms of the agreement announced...