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Yearly Archives: 2024

Climate Change, The Consumer Price Index, and Homeowner Insurance

Thu Apr 11, 2024 on Blog, Florida Real Estate & News

Climate Change, The Consumer Price Index, and Homeowner Insurance

The US Consumer Price Index, a key metric of inflation, does not include the rising price of homeowner insurance.  According to Bloomberg Intelligence, increased homeowners’ insurance would have added 80 basis points or approximately .8% to the reported CPI increase of 3.4%, meaning inflation would be more like 4.6 %. By not including home insurance, the CPI does not factor […]

Market Disruptions Due to Broker Commissions

Thu Mar 28, 2024 on News

Market Disruptions Due to Broker Commissions

There is a sense of uncertainty in the residential real estate market due to the recent settlement of the National Association of Realtors (“NAR”) in which NAR agreed to not continue a longstanding practice that required home sellers to indicate the amount they would pay a home buyer’s agent. Questions as to the timing as to when prospective buyers or sellers […]

Proposed Real Estate Settlement: Changing the Rules in Residential Purchases

Tue Mar 19, 2024 on Blog & News

Proposed Real Estate Settlement: Changing the Rules in Residential Purchases

Late last week, the National Association of Realtors  (“NAR”) reached a $418 million nationwide settlement of claims, pending approval by a federal court, that the industry conspired to keep agent commissions higher. As we discussed in a recent blog,   the NAR had been faced with a jury verdict of $1.8 billion in damages, finding that industry rules for how buyer’s agents […]

Buyer Fees for Real Estate Commissions: New Opportunities for Real Estate Realtors®

Tue Feb 27, 2024 on Blog & News

Buyer Fees for Real Estate Commissions: New Opportunities for Real Estate Realtors®

In the aftermath of the recent Federal Court ruling that held the National Association of Realtors and large residential brokerages liable for approximately $1.8 billion in damages after finding that they conspired to keep residential commissions artificially high, questions as to how, moving forward, commissions for buyer and seller Realtors will be structured remain. Currently, sellers pay their Realtor’s commission, […]