A house with a real estate agent (Credit: iStock) The long knives are out again for one of American real estate’s oldest and most controversial traditions: requiring home sellers to pay the agents who represent the buyers of their properties. A landmark suit filed in March alleged that the 1.3-million-member National Association of Realtors has […]
Is the tax overhaul law impacting real estate?
Has the tax overhaul had any effect on whether consumers want to buy or sell homes? (Credit: iStock) A new report from the New York Federal Reserve sheds light on a question that’s been hanging over the American real estate market: Has the massive tax overhaul adopted by Congress in late 2017 had any effect […]
A new class action lawsuit could upend the real estate business as we know it
From left: NAR president John Smaby, Realogy CEO Ryan Schneider, Keller Williams CEO Gary Keller, HomeServices of America CEO Gino Blefari, and Re/Max CEO Adam Contos (Credit: Getty Images, Wikpedia, iStock, and Hitchcock + Associates) It takes aim at some of the central tenets of the U.S. real estate business: Multiple Listing Services and buyer’s […]
National Cheat Sheet: US home sales have weakest year since 2015, hedge fund honcho has country’s largest-ever home buy… & more
Clockwise from top left: Ken Griffin’s Manhattan penthouse purchase marks the most expensive home sale ever in the U.S., where a December plunge in home sales sparked fears of a continuing slowdown; Gymboree and Crazy 8 stores prepare to close after filing for bankruptcy; and Keller Williams hires Berkshire Hathaway’s No. 1 real estate agent. […]