Real Estate News 11/26/2024

Today’s News Synopsis:

DOJ claims the NAR settlement’s requirement for buyer broker agreements may stifle broker competition for home buyers.

In The News:

HousingWire– “DOJ comes out against NAR commission lawsuit settlement“ (11-25-24)

“There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitzer/Burnett suit.”

CNBC – “An accessory dwelling unit (ADU) can give homeowners more space and a new income stream.“ (11-25-2024)

“ADUs are providing a cost-effective solution to the nationwide housing shortage and can significantly enhance your property value while providing space for renters, guests or family members.”

Redfin –  “Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates“(11-21-24)

“The number of homebuyers and sellers contacting Redfin agents has jumped over the last week, with Redfin’s Homebuyer Demand Index posting its biggest year-over-year increase since early 2022. ”

Yahoo Finance –  “Jobless claims fall to 7-month low, show labor market ‘trending sideways at a healthy level’” (11-21-24)

“Weekly jobless claims rose less than expected last week, reaching a seven-month low, as the impact of labor strikes and severe weather has made weekly data noisy over the last few months.”