Trump names David Sacks as White House AI and cryptocurrency czar
Homebuyers and sellers face an uncertain wait for billion-dollar verdict to hit their wallets
The verdict for the pending billion-dollar class action lawsuit against real estate companies has yet to be finalized, and homebuyers and sellers are left in an uncertain state as to how it will affect their wallets. The lawsuit contends that the real estate industry has colluded in an effort to keep home prices artificially high by limiting the number of listing options for buyers. While the verdict could strengthen the real estate industry by forcing companies to become more competitive, it could also lead to higher costs for homebuyers and sellers. The outcome could also vary from market to market, so buyers and sellers should research their local markets for a more detailed picture of how the verdict could affect them.