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According to new legal filings in the U.S. Securities and Exchange Commission (SEC), Redfin will pay $9.25 million as part of a settlement agreement reached with homeseller plaintiffs in the class-action lawsuit known as Gibson. This amount comes as plaintiffs argue that Redfin—as well as other brokerages such as The Real Brokerage, Realty One Group,…

The post Redfin to Settle Commission Lawsuits, Paying $9.25 Million appeared first on RISMedia.

25 Biggest Real Estate Companies in the US in 2024  Insider Monkey

5 Biggest Real Estate Companies in the US in 2024  Insider Monkey

25 Biggest Real Estate Companies in the US in 2024  Yahoo Finance

PropStream’s President Brian Tepfer has announced the company has upgraded its data sets, utilizing the power of Predictive Real Estate Data to pave the way for new features and proprietary AI predictive analytics. Listed new features include: Enhanced valuation modeling Localized demographic data  New lead lists Photo AI insights AI predictive property scores “Coverage, speed,…

The post PropStream Announces New AI Features appeared first on RISMedia.

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. While NAR and other settlements pend both preliminary and final approval, the flow never stops in the court systems throughout the U.S. as updates continue to develop in the many commission lawsuits currently…

The post COURT REPORT: Post-NAR Settlement Practice Changes Shifts Date appeared first on RISMedia.

As the economy waivers recently—with mortgage rates back up above 7%, the most recent PCE report demonstrating a rise in inflation and no respite in the interest rates from the Fed yet—there’s been a lot of uncertainty surrounding the mortgage market.  This uncertainty, however, does not seem to have affected Rocket Mortgage, as its Q1…

The post Rocket Mortgage Impresses With $1.2 Billion Earned in Q1 2024 appeared first on RISMedia.

The Asian Real Estate Association of America (AREAA) has escalated its fight against the State of Florida's foreign buyer ban through a federal fair housing discrimination lawsuit filed Monday. This is the third lawsuit, and first federal suit, against the bill.

Compass, The Real Brokerage, Realty One Group, At World Properties and Douglas Elliman had each already reached settlement agreements in the case, and the court has preliminarily approved those settlements.

Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000.

New legislation will give counties the authority to redefine zoning ordinances to phase out short-term rentals.

Attendees walk past the REALTOR® logo Sunday at the Walter E. Washington Convention Center in Washington D.C. Three months ago, NextHome CEO James Dwiggins, speaking on an RISMedia webinar, took a forceful—and somewhat unexpected position—on controversies and questions currently dogging the National Association of REALTORS® (NAR). A vocal critic of the organization, Dwiggins took a…

The post NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement appeared first on RISMedia.

At the Realtors Legislative Meetings on Sunday in Washington, D.C., the National Association of Realtors President spontaneously fielded tough questions about the trade group's proposed antitrust settlement.

London property hotspots for 2024  The London Economic

U.S. Mortgage Rates Continue to Climb in Early May, Fifth Consecutive Week  The World Property Journal

14 U.S. Cities Where You Can Buy a Home If You Make Less Than $100K  SFGATE

Sidekick was developed by San Francisco-based boutique brokerage Avenue 8. It primarily uses a text interface to send commands to retrieve data, execute tasks and in many ways, function as a common, “visual” interface would. It's now offered to members of SFAR.

Kestra Private Wealth Services LLC Makes New $583000 Investment in Vanguard Global ex-U.S. Real Estate ETF ...  Defense World

Atria Wealth Solutions Inc. Has $497000 Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)  Defense World

When Buying a Home Is Treated as a National Security Threat  The New York Times