Dave Gallagher

The portal said it “will continue to defend this case with the same confidence we've had throughout, regardless of how many times the plaintiffs refile.”

Signed contracts were down on a monthly and annual basis in all U.S. regions, while single-family home starts slowed to the lowest level since November 2022.

The judges rejected each of the arguments made by the seven appellants, allowing the combined $876M in deals reached by NAR and major brokerages to stand.

While rates dipped slightly this week, bond market volatility could mean a bumpy road ahead, and Fannie Mae is now forecasting rates at 6.8% by year-end.

The trial, which is scheduled to begin on Aug. 24, is about whether a Zillow-Redfin rental listings syndication deal is pro-consumer or violates antitrust laws.

The $800M acquisition gives CoStar Group a foothold in the new home construction sector, adding established B2B and consumer marketplaces to its portfolio.

It takes about 15 years to save for a down payment and benefit financially from buying vs. renting, up from 11 years in 2019, according to a recent report.

Prices of new homes continued to fall in July as consumer demand remained weak, with Census Bureau data showing a 10.5% month-over-month drop in sales.

Affordability is the main factor driving buyers to search for homes outside the metro where they already live, according to two new reports from Realtor.com.

While inventory has continued to creep up in the final days of the month, less homebuyer competition is expected in the coming weeks as the summer winds down.