The Lowdown on the Lawsuits with HousingWire’s James Kleimann
November 22, 2023
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with James Kleimann, Managing Editor of HousingWire, to talk about the landmark Sitzer Burnett case and its potential impact on the housing market.
James was in the courtroom during the trial and is one of the foremost experts on what’s happening now, and what’s to come.
Here’s a glimpse of what you’ll learn:
- Overview of the Sitzer Burnett case and the verdict
- How these lawsuits are bigger than the tobacco industry cases
- Why the DOJ is now involved and what that means for the future of real estate
- What happens to buyers’ agents
- Which states are next and how much more money is being targeted
- How this judgment could push control in the industry to institutional investors over individuals
- How this judgment could push power to tech companies over brokers and MLSs
- How soon big changes may hit the industry
- What happens next? Are there implications for 2024?
Related to this episode:
The Top of Mind Podcast is produced by Altos Research. Each week, Altos tracks every home for sale in the country – all the pricing, and all the changes in pricing – and synthesizes those analytics to make them available before becoming visible through traditional channels.
