Judge Stephen R. Bough, who ruled on Sitzer | Burnett, said Gibson deals "provide a significant financial recovery to the Settlement Class in light of the strengths and weaknesses of the case."
Thirty-eight percent of early voters said housing affordability influenced their presidential vote. Harris voters (43 percent) were more likely to care about housing than Trump voters (29 percent), Redfin said.
Only 32.1 percent of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2 percent in 2022 and 50.4 percent in 2012, according to an analysis from Redfin released Wednesday.
Commissions have been slowly declining over the past decade, but since the NAR settlement terms went into effect this summer, buyer's agent commissions have seen little impact.
Nearly a fourth of first-time homebuyers are delaying their plans due to election anxiety, according to Redfin's latest market analysis published on Tuesday. The Seattle-based portal teamed with market research company Ipsos to survey 1,802 homeowners and renters on their sentiments about the real estate market. Of the 491 respondents who said they plan to purchase their first home within the next 12 months, 23 percent said they're pausing their plans until after Election Day.
According to Redfin CEO Glenn Kelman, big brokerages have a vested interest in getting rid of Clear Cooperation, even at the expense of agents and consumers.
In his latest CNBC appearance, Redfin CEO Glenn Kelman talked about mortgage rates, the lock-in effect, and how buyer-broker compensation changes are already impacting market dynamics.
The Florida Legislature-created Citizens Property Insurance Corporation has been so overwhelmed with new insurance policies in recent years that regulators have approved proposals for private insurers to take over more than 600,000 of those policies.
Nearly a hundred real estate professionals shared their thoughts on NAR's Clear Cooperation Policy with Inman, revealing a schism between supporters and opponents of the controversial rule.
Some real estate leaders say the focus on Clear Cooperation stems from the recent commission lawsuits. But others see a deeper question about brokerage profits at the heart of the issue.
In the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday.
In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales.