by | Jul 1, 2024 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier |
Judge Stephen R. Bough, who oversaw the Burnett case, has set a trial date for the central national copycat lawsuit which has sought to include every major brokerage that did not receive immunity from the National Association of REALTORS®’ (NAR) settlement—though a...
by | Jul 1, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
EXIT Realty is facing some complications in Gibson vs. NAR, as the plaintiffs do not agree with their opt-in to the NAR settlement and subsequent request for a stay. A filing in the Gibson case—the largest class-action lawsuit filed by sellers—from Friday, June 28...
by | Jun 28, 2024 | Industry News, Latest News, National, News, Premier |
The 2024 U.S. Presidential election—currently about four months away—kicked into a higher gear on June 27 with the first debate between the all-but-official major nominees, President Joe Biden and former President Donald Trump. Housing policy was not a central focus...
by | Jun 28, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumer sentiment continued to waver in June, as economic signs gave little hope for inflation relief in the near future. Consumer sentiment fell 1.3% in June, from 69.1 in May to 68.2, according to the University of Michigan’s latest report. This is the fourth...
by Beth McGuire | Jun 28, 2024 | Best Practices, Brokers, Industry News, Latest News, Luxury, National, News |
Before the wave of litigation and investigations that has engulfed the residential real estate industry this past year, the Burnett vs. NAR case and its historic $1.8 billion settlement award handed down to the plaintiffs on October 31, 2023 set the precedent. Regular...
by | Jun 28, 2024 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Finally, inflation numbers open up the door for the Federal Reserve to potentially cut rates this September. The personal consumption expenditures (PCE) price index—the Fed’s preferred measure of inflation—rose 2.6% year-over-year in May, with a change of 0% between...