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RE/MAX: Spike in New Listings Drive Up April Home Sales

RE/MAX: Spike in New Listings Drive Up April Home Sales

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales during April were up 11.2% from March and up 9% from one year earlier, according to new data from RE/MAX (NYSE:RMAX). The new data reverses the trend of the last two years when April recorded year-over-year sales declines – an 11.2% drop in 2022 and a 29.5%...
Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An Illinois judge rejected a last-minute effort by plaintiffs in the Batton 1 lawsuit to halt the final court approval of settlements by three major brokerages in the Sitzer/Burnett case. The Batton 1 plaintiff sought to block the settlement agreements by Anywhere,...
Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case

Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case

by Phil Hall | May 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The proposed settlements involving three major real estate brokerages accused of improper commission practices in the Sitzer/Burnett lawsuit are facing a challenge from plaintiffs in another lawsuit. The plaintiffs in the Batton 1 lawsuit filed a motion for a...
RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales

RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in March increased 21.6% over February, according to new data from RE/MAX LLC, which attributed this spike to a 20.9% increase in new listings that resulted in a 7.7% expansion in inventory. “As we move into what is normally the prime homebuying...
RE/MAX: Home Sales Soar 17%

RE/MAX: Home Sales Soar 17%

by Phil Hall | Mar 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in February recorded a 17% upswing from January and a 2.3% uptick from one year earlier, according to new data from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). “The February jump in sales activity illustrates the strength of demand in...
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