Less than a month after the same court upheld the National Association of Realtors®’ settlement in the historic Burnett lawsuit, the Court of Appeals for the Eighth Circuit has now also upheld the settlements in the Gibson commission lawsuit. The Gibson lawsuit is the main copycat of the Burnett case, originally filed on the same…
Delistings—the “ultimate sign of a non-functioning market,” according to Realtor.com®—appear to be slowing down as summer is coming to close, according to a new report by the portal. Realtor.com’s August 2026 Monthly Housing Trends Report found that delistings fell 12.6% year-over-year, and saw no “notable” spike in either July or August. The “quit rate” (delistings…
REMAX announced on Sept. 1 that Alex Vidal has joined the brand as president. Vidal brings 29 years of experience to the role, most recently serving as brand president of ERA Real Estate, where he was the first Hispanic president of a major national real estate brand. “Alex understands this business from the ground up…
The battle between tech-focused mortgage disruptor Better.com and its recently ousted Founder and CEO Vishal Garg has no end in sight, as Better’s motion for a temporary restraining order to block what it called a “scorched-earth campaign” by Garg was denied on Aug. 28. U.S. District Judge Margaret M. Garnett of the federal Southern District…
A lawsuit filed earlier month is alleging that a top agent for real estate startup Side illegally operated as a lawyer in order to secure listing contracts, further claiming that this “ongoing and systematic” practice represents a failure by Side in its legal, supervisory responsibilities. The lawsuit was filed by a debt collector named Green…
In a Sept. 1 speech at the Second Chance Lending Forum in Washington, D.C., focusing on the economic outlook and financial inclusion, Federal Reserve Governor Michael S. Barr noted that the labor market is stable with relatively low unemployment, with the economy growing solidly, “powered in part by the boom in AI-related business investment and…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC reaches a settlement with Zillow and Redfin syndication Nearly a year after the Federal Trade Commission (FTC) filed an anti-trust lawsuit against Zillow and Redfin over an “illegal anti-competitive agreement,” the parties…
Rocket Companies, which bought Redfin last year, announced Aug. 31 that Alessio Sanfilippo has been named CEO of Redfin, effective immediately. Sanfilippo joins Redfin from Meta, where he served as vice president of Insights for Reality Labs. The appointment comes after Redfin’s bombastic Founder and CEO Glenn Kelman departed the company back in January, and…
Above, Federal Reserve Chairman Kevin Warsh Real estate professionals anxiously awaiting lower mortgage rates may not see a decrease anytime soon, as it remains uncertain what action the Federal Reserve will take at its September meeting. In his debut speech at the 2026 Jackson Hole Economic Policy Symposium Friday in Wyoming, Fed Chairman Kevin Warsh…
Buyers who are waiting for rates to come down before making their home purchase will likely have to wait until next year for that to happen, according to economists commenting on this week’s mortgage data. Mortgage rates changed little from last week, with the latest Freddie Mac Primary Mortgage Market Survey® showing the 30-year fixed-rate…
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