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CMLS looks to weigh in on the DOJ’s statement of interest

Housing Wire

The first change is that MLS PIN is agreeing to obtain certificates from their seller clients saying that they understand that MLS PIN does not require sellers to offer compensation to buyer brokers and that sellers are not required to compensate the buyer’s broker even when asked to by the buyer.

Sellers 403
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Moehrl trial not likely until January 2025

Housing Wire

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The class encompasses home sellers across 20 local MLSs.

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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic. In comparison, the average U.S.

Insurance 359
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Insatiable demand drives July pending home sales up 15% annually

Housing Wire

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

Contracts 477
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Umpa commission lawsuit defendants look to get case dismissed

Housing Wire

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims.

Realty 350
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Tight inventory and frustrated buyers challenge agents in Virginia

Housing Wire

Newcomb said that interest rates and higher prices, which have risen by more than $100,000 since March 2020, according to data from Altos Research , have caused her clients to be pickier when selecting a home. We are seeing seasonal trends like we did up through 2019,” Clarkson said.

Inventory 366
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Working with buyers in the nation’s hottest housing market

Housing Wire

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Austin has ranked as the No. In fact, Austin has just about 1.2