In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.

Nykia Wright has been named interim CEO for the National Association of Realtors® (NAR), effective Nov. 20.

The National Association of REALTORS®, Keller Williams and HomeServices of America were found liable of conspiring to inflate commissions and ordered to pay damages totaling $1.78 billion, a jury in Missouri ruled Tuesday.

Chicago-based Fulton Grace Realty has acquired DreamWorks Real Estate Inc., a brokerage headquartered in Stuart, Florida, marking its first expansion into the state.

No matter what the jury decides, it could take years for the appeals process to work itself out, delaying any potential changes to agent commissions.

Four bedrooms, 2.5 bathrooms, original wood flooring … and a pattern of paranormal activity. These are the features agent Heather Bland had to manage when overseeing the sale of Whispers Estate — one of the Midwest’s most haunted homes.

Two recent reports from the National Association of REALTORS® examine the challenges faced by today’s homebuyers from both the consumer’s and the Realtor’s perspective.

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

House hunting was traditionally a couples’ game until Millennials and Gen Zers came into the picture. Now, many young individuals are plunging into the market solo.

Redfin said it will require many of its agents to leave NAR and the association has “forced an all-or-nothing choice on us,” and it would therefore “choose nothing.”

Chicago’s housing market ranks No. 7 in the U.S. in terms of value, according to a new report from Zillow. However, it showed the second-highest year-over-year growth of the 20 metros studied, trailing only Miami-Fort Lauderdale.

The Makinney Group, led by Tom Makinney, has affiliated with Compass. The team, previously with @properties Christie’s International Real Estate, also includes agents Jill Giorno and Jen Goodale.

Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20 years.

One of the biggest hurdles facing residential builders is raising awareness of their projects among prospective buyers, according to Zillow’s recently released new-construction consumer housing trends report.

Those looking to buy a house will be paying a premium as inventory continues to be an issue.

Kenny Parcell has resigned as president of the National Association of REALTORS® following a recent bombshell report by the New York Times into allegations of sexual harassment within the organization.