H OUSING N EWS R EPORT
June 2016
LEGAL BRIEFS
Zillow Banned From NAR Events First they battled in the marketplace.
Nuns Battle Katy Perry For Convent A California appeals court put the brakes on pop star Katy Perry’s bid to buy a Catholic nun’s convent in Los Angeles for $15 million, halting the pop star’s real estate plans. On May 31, a three-judge panel of the Second District California Court of Appeals stayed an order that granted Los Angeles Archbishop Jose Gomez’s motion for summary adjudication and granted in part Perry’smotion for a judgment on the pleadings, according to Courthouse News . “Real parties are requested to file and serve a preliminary response to the petition on or before June 24, 2016,” the two- page order states. “Petitioners may file and serve a reply on or before July 15, 2016.” The case is Sister Rita Callanan v. Superior Court of the County of Los Angeles .
Then they clashed in the courtroom.
Now, thebillion-dollar battlebetween theNational Association of Realtors (NAR) has moved to the exhibit hall. NAR has banned Zillow from exhibiting at any of NAR’s events for the remainder of 2016, according to Geekwire. The NAR, along with its partner, Move Inc., owner of Realtor. com, are locked in a bitter legal battle with Seattle-based Zillow. Move sued Zillow in 2104, and the costly lawsuit is winding its way through the courts. The next NAR-sponsored event will be its Realtor Conference & Expo in Orlando, Florida, on November 4 to 7, 2016.
SOURCE: Geekwire
SOURCE: Courthouse News
New Home Sales, Existing Home Sales & Foreclosure Filings Annualized NAR Existing Home Sales Annualized Commerce Dept. New Home Sales
RealtyTrac Properties with Foreclosure Filings
10,000,000
400,000
9,000,000
350,000
8,000,000
300,000
7,000,000
250,000
6,000,000
5,000,000
200,000
4,000,000
150,000
3,000,000
100,000
2,000,000
50,000
1,000,000
0
0
SOURCES: RealtyTrac, National Association of Realtors, U.S. Commerce Department
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