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3 weeks ago | 
housingwire.com | Jeff Andrews
The Real Deal was first to report the news. Parker made the move to Compass in February after more 20 years with Elliman. She filed the suit in April, saying that she was owed a 40% commission on 16 deals. She claims in the complaint that Elliman was angry over her decision to leave.
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3 weeks ago | 
housingwire.com | Jeff Andrews
Unemployment held steady at 4.2%. The job gains were concentrated in the sectors of health and education (63% of gains), leisure and hospitality (35%) and financial activities (10%). The Federal Reserve has been measured in its approach to cutting interest rates, which have remained high and kept mortgage rates at just below 7%. A weak jobs report may prompt Chairman Jerome Powell to consider a rate cut sooner than later.
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3 weeks ago | 
housingwire.com | Jeff Andrews
There was definitely a real shift in the early part of the pandemic, but now that we are several years out, the pattern has become more complex,” said Nadia Evangelou, a senior economist with the National Association of Realtors (NAR). “It’s not just about suburbs anymore.
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3 weeks ago | 
housingwire.com | Jeff Andrews
The court previously allowed a breach of contract charge to stand, while the amended complaint drops a tortious interference charge that U.S. District Court Judge Georgia N. Alexakis ruled against. Sheth, who is of Indian descent, added context to her claim that NAR retaliated against her for accusing senior vice president Donna Gland, talent director Linda Russell and chief legal counsel Katie Johnson of discrimination.
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3 weeks ago | 
housingwire.com | Jeff Andrews
In its midyear housing market report, John Burns Research & Consulting (JBREC) provided updated grades on market conditions for both the resale and new-home markets. Overall, sentiment among agents and homebuilders is souring. In the new-home market, JBREC grades cities on a scale of very slow to very strong — and much of the country is headed in the wrong direction.
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4 weeks ago | 
housingwire.com | Jeff Andrews
According to new data from the U.S. Bureau of Economic Analysis (BEA), the Personal Consumption Expenditures price index for April rose 2.1% on an annual basis, down from 2.3% in March and closer to the Fed’s target rate of 2%. It rose 0.1% compared to March, when it was flat month over month. So-called core inflation — which excludes volatile food and energy costs — rose 2.5% year over year, the lowest annual rate so far in 2025.
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4 weeks ago | 
housingwire.com | Jeff Andrews
This has enabled JMG agents to close more transactions. According to the 2025 RealTrends Verified Top Brokerage Firms rankings, the firm closed 11.6 sides per agent in 2024, the most of any brokerage with 500 to 999 agents. According to Mitchell, his brokerage fed its agents an average of 106 referrals in 2024, adding that about 85% of its businesses come through its referral partners.
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4 weeks ago | 
housingwire.com | Jeff Andrews
MLS PIN is settling the case for $3.95 million, the same amount it would have paid had it bought into the Sitzer/Burnett settlement. The original settlement — announced in the summer of 2023 — would have had MLS PIN pay $3 million. A preliminary settlement approval hearing will take place on June 10 in a Massachusetts federal court. The DOJ expressed concerns about the settlement at an April 1 hearing, where U.S. District Court Judge Patti B.
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1 month ago | 
housingwire.com | Jeff Andrews
New-home sales have been a bright spot in housing markets across the country that have been struggling for years with high mortgage rates and low inventory. But the benefits of newly built homes are spread unevenly, as markets in the South tend to have more construction than other regions. A new report from Consumer Affairs combines data from the U.S. Census Bureau and Zillow to find which cities have the most new-construction activity and sales.
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1 month ago | 
housingwire.com | Jeff Andrews
An index reading of 100 is equal to contract levels in 2001. The month-over-month rise of 6.1% in March, however, was the highest monthly increase since December 2023. This suggests that demand has been highly responsive to mortgage rates, which had dropped in March but shot back up to 7% after the April 2 tariff announcement that sent the stock market, bond market and the dollar into free fall.
