The latest report from the National Association of Realtors® (NAR) on existing-home sales today revealed a 1.5% month-over-month increase in September, and a 4.1% year-over-year increase in sales–key factors that could signal growing buyer confidence and demand as mortgage rates ease. “As anticipated, falling mortgage rates are lifting home sales,” said NAR Chief Economist Lawrence…
A protracted legal battle over whether real estate professionals can create and share floor plans when marketing homes finally ended Monday after the Supreme Court declined to revisit an appellate court’s decision allowing the practice. The high court’s refusal to hear the case reconfirms the January ruling from the Eighth U.S. District Court of Appeals…
Prior to the summer of 2024, home sellers were typically responsible for paying the commission for both their own agent and the buyer’s agent, and both sides of the transaction usually involved a traditional full-service agent. Agent commissions also remained (somewhat) consistent, generally hovering around 5% – 6% of a home’s sales price. Following the…
In a statement released this morning, the National Association of Realtors® (NAR) appeared to defer on the question of whether Zillow’s new ChatGPT app complies with MLS policies regarding use and display of data, as real estate continues to grapple with big questions around AI technology. “For enforcement, each MLS is individually responsible for conducting…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Supreme Court denies review in REX v. Zillow Today, the U.S. Supreme Court has denied review in the REX v. Zillow case. A Zillow spokesperson gave RISMedia the following statement. “We’re pleased this…
Above, Nykia Wright Reaffirming a commitment to “transparency, accountability, discipline and focus,” National Association of Realtors® (NAR) CEO Nykia Wright recently published a letter to membership that introduced the organization’s value proposition for 2026 – 2028 and the development of its 2026 – 2028 Strategic Plan. Wright also announced that NAR will be publishing its…
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