KW, Realogy, RE/MAX and HomeServices slap back at ‘bombshell’ antitrust lawsuit

The big residential brokerage franchisors and holding companies filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry. 

SEC charges real estate developer with fraud in Ponzi scheme

The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan.

Mortgage rates hit yearly lows

Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year, fixed-rate mortgage.

New-home sales drop from March but are up annually

Sales of new single-family homes dropped 6.9 percent from March to April but are up 7 percent year over year, according to the latest data. 

Vacasa’s new board member hints at IPO future

Matt Roberts, the former CEO of OpenTable is joining the board of directors for vacation rental management startup Vacasa.

READ: Justice Department’s letter to CoreLogic demanding MLS info

Inman has obtained a letter from the Department of Justice requesting information on multiple listing service data from CoreLogic, a California-based financial services and analytics firm.

Is US government investigating MLSs and vendors for antitrust?

The Department of Justice is reportedly demanding CoreLogic and other MLS vendors hand over information related to buyer broker commissions.

Inside the mass exodus at Purplebricks US

The U.K.-based discount brokerage launched in the U.S. in 2017 and has had a massive turnover in leadership roles in recent months.

Existing-home sales dip in April

Existing-home sales for single-family homes, townhomes, condos and co-ops fell 0.4 percent from March to April and were down 4.4 percent year-over-year.

READ: President Trump’s remarks at NAR conference in full

The following is the complete White House transcript of President Donald Trump’s speech to the National Association of Realtors during its annual mid-year legislative and trade expo in Washington, D.C.