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A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill. A federal jury in one of those cases on Tuesday ordered the National Association of Realtors along with some of the nation’s biggest real estate brokerages to pay almost $1.8 billion in damages, after finding they artificially inflated commissions paid to real estate agents. The class-action lawsuit was filed in 2019 on behalf of 500,000 home sellers in Missouri...

Home prices continue to increase in most major U.S. cities, even as rising mortgage costs have discouraged buyers, a Realtor.com report finds.The price gains are most felt in Greater Los Angeles, where home prices increased 23.8% over the 12 months ending in September 2023, according to Realtor.com data released Thursday.In that time, the median home price in the 50 largest metros increased by a median of 5.76%, with only a handful of cities posting declines. The steepest decline was in San Antonio, where home prices fell by 2.8%.The following metro...