Items Tagged with 'RE/MAX'


  • NAR slapped with second class-action lawsuit to end buyer broker compensation

    Suit alleges mandatory fees for buyer's brokers violate anti-trust laws
    A second class-action lawsuit has been filed in protest of the buyer broker compensation rules set forth by the National Association of Realtors. The suit alleges that NAR and MLS providers violated federal antitrust laws by requiring property sellers to pay the buyer's broker an inflated fee, a claim NAR called "completely without merit" as it vowed to defend its policies in court.
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  • Bloomberg: This is how the West Coast is benefiting from the housing market slowdown

    San Jose's inventory jumped 55% year-over year in the first quarter of 2019
    This year’s spring homebuying season has shifted towards the favor of homebuyers, heating up the nation’s tightest housing markets. In fact, according to a recent article from Bloomberg, inventory in previously hot areas like California is piling up, giving potential buyers an extra edge.
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  • Class-action lawsuit takes aim at buyer broker compensation rules

    Home seller claims NAR, MLS providers have conspired in violation of anti-trust laws
    A class-action lawsuit filed last week by a Minnesota home seller is taking aim at the big four multiple listing services that have transformed the real estate business. The suit alleges that the National Association of Realtors has driven up costs to sellers and has stifled competition by requiring brokers to offer buyer broker compensation when listing a property on an MLS site, and it names NAR, Realogy, HomeServices of America, RE/MAX and Keller Williams as the culprits.
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  • Redfin: 2019 is shaping up to be a good year for homebuyers

    More Americans are slashing home prices than in previous winters
    In February, more American homes experienced a price drop than any other winter in recent history, according to new data from Redfin. Interestingly, Redfin's data also indicates the housing market is shifting more towards a buyers market.
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  • Redfin: Fewer Americans bought new homes in January

    New home sales retreated the most in the West
    In January, new home sales fell 8% on an annual basis, declining the most in western housing markets, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said homebuyers understand that the market is shifting in their favor, which is dampening sales of new homes.
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  • Report: Lackluster home sales push inventory growth in January

    Inventory growth climbs to 10-year high
    In January, home sales declined for the sixth consecutive month, leading to the largest inventory increase in 10 years, according to the latest RE/MAX National Housing Report. RE/MAX CEO Adam Contos said the winter chill extended to the housing market in January, as home sales remained cool.
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  • RE/MAX announces several senior leadership promotions

    Josh Bolgren, Roy Schwalm and Brett Ritchie have accepted new roles
    RE/MAX Holdings, parent company of RE/MAX, recently announced the promotions of Josh Bolgren, Brett Ritchie and Roy Schwalm to senior leadership positions. RE/MAX CEO Adam Contos said these outstanding leaders will have an even greater impact in their new roles.
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  • Report: Home sales, inventory locked in standstill

    RE/MAX reports inventory increased year-over-year for the first time in a decade
    In October, a decrease in year-over-year home sales contributed to the first year-over-year inventory increase in a decade, according to the RE/MAX National Housing Report. RE/MAX CEO Adam Contos said the market continues to move toward equilibrium.
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