Plaintiffs respond to brokerage defendants’ motions to dismiss Batton 2 suit

A little over a month after the Batton 2 commission lawsuit defendants filed motions to dismiss the suit brought by homebuyers in Illinois, the plaintiffs have shot back.In responses filed on Monday, the plaintiffs argue that the court should not grant the defendants’ motions. The motions filed by C

What buyer’s agents are being paid in your market

The typical American home seller pays a 2.55% commission to the real estate agent hired by their home’s buyer. That’s down from an average of 2.62% in January, before the NAR settlement was announced in March.This is according to Redfin, which analyzed MLS data of rolling four-week periods through J

Mortgage Rates Down a Full Percent from Recent High

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.

Redfin CEO reacts to housing market with ’Twilight Zone’ conditions

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down.But what is the alternative if rates don’t come down?“Great question — Plan B is drink our own urine or our com