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☆ Renters are being hit harder by inflation than homeowners are
▼ + stars: | 2024-01-12 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Renters and homeowners experience inflation differently; and right now, renters are taking a much more painful hit. While shelter inflation has come down over the past few months, in December, the shelter index was still 6.2% higher year over year. Inflation divide between renters and homeownersTwo things are driving the divide between how homeowners and renters experience inflation. And 64% of homeowners have a mortgage rate of 4% or lower — more than two and a half percentage points lower than prevailing rates. Even if the typical mortgage payment is higher than a typical monthly rent payment, renters’ incomes tend to be lower than homeowners.

Persons: “, Lisa Sturtevant, Danielle Hale, Realtor.com, ”, Hale Organizations: DC CNN, Bright MLS, Bank of America Institute, BLS, “ Locations: Washington

☆ With Washington Capitals, Wizards move to Virginia, owner Ted Leonsis pursues his vision of a $10 billion sports empire around Washington, D.C.
▼ + stars: | 2023-12-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +8 min

Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.

Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental

☆ Inflation slowed to a 3.1% annual rate in November
▼ + stars: | 2023-12-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

While the monthly rate indicated a pickup from the flat CPI reading in October, the annual rate showed another decline after hitting 3.2% a month earlier. The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor Department reported Tuesday . Economists surveyed by Dow Jones had been looking for no gain and a yearly rate of 3.1%. Food prices increased 0.2%, boosted by a 0.4% jump in food away from home. On an annual basis, food rose 2.9% while energy was down 5.4%.

Persons: Dow Jones, Liz Ann Sonders, Charles Schwab, Lisa Sturtevant Organizations: Labor Department, Federal Reserve, Treasury, Bright MLS, Fed, CNBC Fed Survey, CNBC PRO

☆ Why are real estate commissions 6%? – and why that’s about to change
▼ + stars: | 2023-12-03 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

Many thought the internet would eventually kill the 6% real estate commission. Even as the ranks of stockbrokers and travel agents have dropped in recent years as commissions petered out, the number of real estate agents has grown and their typical commissions are bigger than ever as home prices have risen. That is largely because of the power of the National Association of Realtors, an influential lobbying group that represents 1.5 million real estate agents. How real estate commissions workHome sellers are usually on the hook for their real estate agent’s commission as well as for paying the agent that represents the buyer. Real estate agents will tell you commissions are negotiable — and they are.

Persons: Sellers, ”, Jordan Barry, “, Tiffany Hagler, won’t, Babiracki Barlow, “ we’ve, Vasi Organizations: DC CNN, Kansas City, Brookings Institution, stockbrokers, National Association of Realtors, University of Southern, National Association of Real, Exchanges, NAR, Association, Geard, Bloomberg, Getty, realtors, Agents, MLS, Department of Justice, DOJ, California Association of Realtors, New, Real, Board Locations: Washington, New York City, University of Southern California, Larchmont , New York, Boston, New York, New York —, York

☆ Lionel Messi says he is focused on playing at next year’s Copa América but doesn’t rule out appearing at 2026 World Cup
▼ + stars: | 2023-12-02 | by ( Issy Ronald | Benjamin Brown | ) edition.cnn.com time to read: +2 min

All I’m thinking about today is getting to the Copa América and being able to play in it,” he said. “Then time will tell whether I’ll be at the World Cup or not. I’m going to be at an age (39) that normally doesn’t allow me to play in the World Cup. That victory, along with a 2021 Copa América trophy, came after international glory had eluded Argentina and Messi for years, as they lost three major finals in a row – the 2014 World Cup, 2015 Copa and 2016 Copa. “Maybe we’ll do well in the Copa América and everything will work out for me to continue.

Persons: Lionel Messi, Ballon, hasn’t, ”, I’ll, “, ” Messi, Messi, Megan Briggs Organizations: CNN, Copa América, ESPN, Argentina, Copa, France, Qatar, MLS, Inter Miami, Leagues, Messi Locations: USA, Argentina

Consumers grew somewhat more optimistic about the future of the economy in November as expectations about inflation improved, but their sense of the current state of affairs worsened a bit. Still, two-thirds of consumers surveyed still expect a recession to be “somewhat” or “very likely” within the next 12 months. However, that is well above current inflation of 3.2% and forecasts from the Federal Reserve and mainstream economists. In the peak hour from 10 p.m. to 11 p.m. EST, consumers spent $15.7 million a minute, according to online analytics firm Adobe. One thing that might make some consumers happy is that home prices continued to increase in September.

Persons: ”, Dana Peterson, ” Peterson, Jeffrey Roach, Craig J, Lazzara, Lisa Sturtevant Organizations: Conference, Federal Reserve, LPL, “, Adobe, MLS Locations: Detroit, San Diego

SEATTLE (AP) — Denis Bouanga scored his fourth goal of the MLS Cup playoffs in the 30th minute, goalkeeper Maxime Crepeau made seven saves, and defending champion Los Angeles FC advanced to the Western Conference final with a 1-0 win over the Seattle Sounders on Sunday night. Bouanga got one chance at goal and didn’t miss, scoring in his sixth straight game and sending LAFC home for the conference championship game against the Houston Dynamo next Saturday. Bouanga was the Golden Boot winner during the regular season with 20 goals and he added three more in LAFC’s opening round victory over Vancouver. His goal came despite Seattle controlling play for most of the first half and having two great chances in the opening five minutes that were denied by Crepeau. Bouanga’s shot was the only attempt LAFC put on goal in the first half and it finished with only two shots on target in the match.

Persons: — Denis Bouanga, Maxime Crepeau, Bouanga, didn’t, LAFC’s, Bouanga’s, LAFC, Josh Atencio’s, Jordan Morris outran Giorgio Chiellini, Crepeau, Morris, Alex Roldan, Joao Paulo, Albert Rusnak’s, ___ Organizations: SEATTLE, MLS, Los Angeles FC, Western, Seattle Sounders, Houston Dynamo, LA Galaxy, Vancouver, Seattle, Crepeau, Sounders, Portland Locations: Seattle

New home sales fell 5.6% in October, worse than expected, as higher mortgage rates took a bite out of demand. The annual level of sales in October was 679,000, down from September’s substantially revised 719,000 pace, However, sales in October were still up 17.7% from a year ago. October saw a sharp increase in mortgage rates to around 8% for a 30-year fixed rate loan. However, the higher mortgage rates have slowed sales of new homes as well. The recent drop in mortgage rates, with more expected next year, could prove to be a tonic to the market.

Persons: ”, Kelly Mangold, Greg Logan, Lisa Sturtevant, ” “, ” Sturtevant Organizations: Census Bureau, Department of Housing, Urban Development, Builders, RCLCO Real Estate Consulting, MLS Locations: RCLCO, Southern, Northeast, Midwest

Messi's Inter Miami will travel to Saudi Arabia in February to take part in the Riyadh Season Cup, which also includes Ronaldo's Al Nassr. Saudi Arabia has made a major push to be a big player in world soccer by signing some of the game's biggest players. Political Cartoons View All 1260 ImagesMessi took part in last season's Riyadh Season Cup with PSG and also came up against Ronaldo after the Portugal great's surprise move to Al Nassr. In May, Messi was fined and suspended by the French club for taking an unauthorized trip to Saudi Arabia. The Riyadh Season Cup is scheduled to be held in the first week of February at Kingdom Arena.

Persons: Lionel Messi, Cristiano Ronaldo, Al Nassr, Neymar's Al, ”, Turki Alalshikh, Messi, Germain, Ballon, David Beckham, Ronaldo, Sadio Mane, Sergej Milinkovic, Savic, Chris Henderson, Henderson, “, ” Henderson, Tim Reynolds, ___ James Robson Organizations: Messi's Inter Miami, Brazil, Saudi General Entertainment Authority, Paris Saint, MLS, PSG, Ronaldo, Miami, Leagues, Real, Copa America, Inter Miami, U.S, Inter Miami didn’t Locations: MANCHESTER, England, Saudi Arabia, Riyadh, Hilal, Paris, Portugal, Argentina, Barcelona, Real Madrid, Saudi, Al, China, Miami

LONDON (AP) — Sotheby's is set to auction off six shirts worn by Lionel Messi during Argentina's winning run at last year's soccer World Cup in Qatar and thinks they could become the most valuable collection of sports memorabilia ever sold at potentially more than $10 million. In defeating France in a penalty shootout after a 3-3 draw at Lusail Stadium, Argentina won its third World Cup. Sotheby’s, which was founded in London in 1744, will offer Messi’s shirts between Nov. 30 and Dec. 14. A free exhibition at the company's New York headquarters will allow the public to see the shirts during the bidding dates. Winning, and lifting, the World Cup last year meant Messi emulated the feat of Maradona in 1986, the second time Argentina won the trophy.

Persons: Lionel Messi, Argentina's, Messi, Michael Jordan’s, Diego Maradona, Maradona, Sant Joan de Déu, Leo Messi, Pele, That's Organizations: France, Lusail, Argentina, U.S, England, UNICAS, Sant Joan de Déu Barcelona Children’s Hospital, Leo Messi Foundation, Inter Miami, MLS, Barcelona, European Champions League Locations: Qatar, New York, Argentina, London, York, Sotheby's, Sant Joan de Déu Barcelona

☆ Prices for a set of Messi’s World Cup jerseys could exceed a record $10 million
▼ + stars: | 2023-11-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

A set of six jerseys that he wore during last year’s World Cup, which his home country of Argentina won, are being put up for auction by Sotheby’s next week. That shirt currently holds the world record title of being the “most valuable item of sports memorabilia ever sold at auction,” according to the auction house. Bids were initially expected to range from $5 million to $7 million, perhaps signaling that Messi’s jersey prices could go higher. The online auction for Messi’s jerseys runs from November 30 to December 14 and will be displayed during that time in a free exhibition at Sotheby’s gallery in New York. His appearances sent MLS ticket prices skyrocketing and fans had trouble getting their hands on replica jerseys for several months.

Persons: Lionel Messi, Sotheby’s, Michael Jordan, Diego Maradona, ”, Brahm Wachter, Messi, Messi’s, Tom Brady, Kobe Bryant, Germain Organizations: New, New York CNN — Soccer, France, FC Barcelona, Cristiano Ronaldo’s Real, NFL, NBA, MLS, Inter Miami, Paris Saint, FIFA, Adidas Locations: New York, Argentina, Argentine, Cristiano Ronaldo’s Real Madrid, Barcelona, Paris, Qatar

☆ From Sin City to Sports Central: How Las Vegas is betting big on a lucrative industry
▼ + stars: | 2023-11-19 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

But for many decades, the NFL and other leagues opposed having sport franchises in Las Vegas, most likely due to the city’s deeply rooted gambling industry. “Vegas fans tend to be sports fans, too, and sports have helped us expand the customer base that are willing to consider Las Vegas,” Hill said. And during the past two years, Las Vegas and other tourist-centric cities have benefitted from consumers’ post-pandemic splurges on experiences and travel versus goods. The Las Vegas Strip can be seen outside the lanai doors at Allegiant Stadium during a game on October 15, 2023, in Las Vegas, Nevada. Ethan Miller/Getty Images/FILEAs the pandemic wore on, construction continued on expanding the Las Vegas Convention Center as well as the Raiders’ Allegiant Stadium, among other projects.

Persons: ”, Andrew Woods, ” Woods, Woods, Roger Goodell —, ” Goodell, John Fisher, Steve Hill, ” Hill, Ethan Miller Organizations: Minneapolis CNN, Athletics, NCAA, NFL Pro Bowls, NBA, MLS, Center for Business, Economic Research, University of Nevada, Sunday’s, Las Vegas, Prix, UNLV’s Lee Business School, NFL, National Hockey League, Oakland Raiders, Major League Baseball, Oakland Athletics, Las Vegas Convention, Visitors Authority, UNLV, “ Entertainment Capital, Sports, Entertainment Capital, Las, Nevada Gaming Control, Getty, Las Vegas Convention Center, Raiders Locations: Minneapolis, Las Vegas, Vegas, Bellagio, Clark County , Nevada, Covid, United States, Las Vegas , Nevada

The pace of new construction quickened in October as both building permits and housing starts rose despite elevated mortgage rates, the government reported on Friday. New housing starts were 1.372 million compared to 1.346 million a month earlier. “A good inflation report and steadily declining mortgage rates provide some relief to the market. Also on a positive note, mortgage rates fell this week following the CPI and the resultant drop in bond yields from their recent highs. The 30-year fixed-rate mortgage fell to an average of 7.44% in the week ending Nov. 16, a drop from 7.5% a week earlier, Freddie Mac said on Thursday.

Persons: Wells, ”, Lisa Sturtevant, homebuyers, Freddie Mac, Odeta Kushi Organizations: Census Bureau, Department of Housing, Urban, National Association of Home Builders, MLS, homebuilders, ”, CPI, “ Builders, First Locations: Midwest, West

☆ Mortgage rates fall for third straight week, bringing some homeseekers off the sidelines
▼ + stars: | 2023-11-16 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

Mortgage rates have cooled in recent weeks as markets absorbed the latest economic indicators, including an improving inflation picture. “For the third straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding,” said Sam Khater, Freddie Mac’s chief economist. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. “The gap between the 10-year Treasury yield and the 30-year fixed rate mortgage rate is historically around 180 basis points,” she said. “While the gap has narrowed somewhat, the 30-year mortgage rate remains 280 basis points higher than the bond yield.”By historical norms, she said, mortgage rates should be under 6.5%.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, Price, Jiayi Xu, Jerome, Powell, ” Xu, Bob Broeksmit, Lawrence Yun, ” Yun, “, Lisa Sturtevant, ” Sturtevant Organizations: DC CNN —, Mortgage, Association, Federal Reserve, Treasury, Consumer, “, National Association of Realtors, Bright MLS Locations: Washington

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

And with that, Inter Miami got to celebrate the game's greatest player one more time in 2023. He embraced Garber, Inter Miami owners Jorge and Jose Mas, then hoisted the trophy as the crowd roared. Political Cartoons View All 1240 Images“You, Inter Miami fans, have the best player who's ever played the game,” Garber said. “He’s the main star of this match and we want to join him celebrating his eighth Ballon D’Or,” Inter Miami coach Gerardo “Tata” Martino said. But eight Ballon D’Or trophies sure swing the argument Messi’s way.

Persons: — Lionel Messi, Messi, —, Messi —, Don Garber, Garber, Jorge, Jose Mas, ” Messi, “, ”, who's, ” Garber, Ballon, Leo, Gerardo “ Tata ” Martino, NYCFC, “ You’ve, hadn’t, ” Martino, Michael Jordan, LeBron James ., Woods, Jack Nicklaus, Roger Federer, Rafael Nadal, Novak Djokovic, Simone Biles, Michael Phelps, Katie Ledecky, Benjamin Cremaschi, “ He’s, I’ve Organizations: Inter Miami, Major League Soccer, New York City FC, MLS, ” Inter Miami, Inter, Argentina, Uruguay, U.S, CONCACAF, Soccer, Barcelona Locations: FORT LAUDERDALE, Fla, Paris, China, Miami, Argentina, Buenos Aires, Brazil, Rio de Janeiro, men’s

“So many more people have credit cards now.”Wise says the main thing to watch for is how strapped consumers are in their overall financial condition. There are signs the consumer may still have a little left in the tank. And speaking of tanks, gas prices have been coming down, a move that will free up a little more money for consumers to spend. And this occurred while consumers repeatedly tell surveys they are feeling gloomy and pessimistic about the state of the economy. The pace of increase in consumer prices has fallen from around 9% annually in the summer of 2022 to under 4% now.

Persons: ”, Donghoon Lee, “, TransUnion, TrasnUnion, Charlie Wise, ” Wise, we’ve, ” Patrick De Haan, De Haan, Lisa Sturtevant, Goldman Sachs, Jan Hatzius, Joseph Brusuelas, Tuan Nyugen Organizations: Federal Reserve Bank of New York, New York Fed, TransUnion, “, MLS, Federal, ” Goldman, Adobe Locations: U.S, California

☆ MLS player ‘forcibly removed’ from referee’s locker room, says US and Canadian refereeing body
▼ + stars: | 2023-11-08 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —A soccer player was “forcibly removed” after entering the match officials’ locker room after the Major League Soccer (MLS) playoff game between FC Cincinnati and the New York Red Bulls earlier this month, according to the Professional Soccer Referees Association (PSRA). The PSRA represents referees that are licensed to officiate soccer matches by the Canadian Soccer Association or the United States Soccer Federation. “No one’s safety should ever be at risk & we expect MLS to act accordingly,” added the PSRA statement. Howard Smith/ISI Photos/Getty ImagesMiazga is a former Red Bulls player and came up through the team’s youth system. He told the Cincinnati Enquirer that one of the yellow cards was given for holding a heart-shaped hand gesture towards the home New York crowd.

Persons: “, ”, Matt Miazga, Victor Rivas, ” Miazga, Rivas, Howard Smith, “ I’m Organizations: CNN, Major League Soccer, FC Cincinnati, New York Red Bulls, Professional Soccer Referees Association, Cincinnati, Red Bulls, Twitter, Canadian Soccer Association, United States Soccer Federation, MLS, Cincinnati Enquirer, Athletic, Red Bull, FC Cincinnati’s, ” FC Cincinnati, Philadelphia Union, New Locations: Cincinnati, York, Ohio

Major League Soccer suspended Philadelphia Union defender Kai Wagner on Tuesday for three matches for violating the league’s on-field anti-discrimination policy after the league launched an investigation into whether he used a racial slur against a New England Revolution player. Wagner will begin serving the penalty on Wednesday when the Revolution hosts the Union in Game 2 of their MLS Cup Eastern Conference semifinals matchup. MLS said in a statement that Wagner acknowledged wrongdoing. Political Cartoons View All 1237 Images“In reaching this decision, MLS considered many factors, including Wagner’s immediate acceptance of responsibility, willingness to participate in a restorative practices process to repair the harm caused, and his cooperation with the league’s investigation,” the league’s statement said. As part of the suspension, Wagner has begun MLS-mandated education and training, a process the league said will continue.

Persons: Kai Wagner, Wagner, Bobby Wood, Wood, ” Organizations: Major League Soccer, Philadelphia Union, New, Union, MLS, Eastern, Philadelphia, Athletic, New England Locations: New England, New, Hawaii

☆ MLS player forcibly removed from officials' locker room - referees' body
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Cincinnati beat New York at Red Bull Arena in a penalty shootout on Saturday, advancing to the semi-finals of the MLS Playoffs. "After the Nov 4th NYRB/FC Cincinnati match, a player gained unauthorized entry into the Officials' locker room & was forcibly removed by stadium security while acting in an aggressive & hostile manner," the Professional Soccer Referees Association (PSRA) said on social media. PSRA referees officiate matches for MLS, the National Women's Soccer League (NWSL) and the United Soccer Leagues (USL). The PSRA did not confirm which player was removed or the nature of their dispute. "Major League Soccer is aware of the report of a player gaining unauthorized access into the officials’ locker room," the league said in a statement.

Persons: Enisa, Vincent Carchietta, Amy Tennery, Toby Davis Organizations: FC Cincinnati, New York Red Bulls, Red Bull, Major League Soccer, Cincinnati, New York, MLS, Professional Soccer Referees Association, National Women's Soccer League, United Soccer Leagues, USL, Thomson Locations: Harrison , NJ, USA, New, New York

Tiger Woods couldn't be more involved with primetime TGL unless he had built the arena. Woods, Rory McIlroy and former Golf Channel president Mike McCarley are founding partners in TMRW Sports, the sports and entertainment company behind TGL. “Having the opportunity to not only compete, but also own a team to represent Jupiter is an exciting next chapter for me,” Woods said Tuesday. Woods referred to TGL as a “modern twist of traditional golf” that ultimately will make it more accessible by leaning the glitz of technology. The prize fund is $21 million, with $9 million going to the winning team and players eventually getting equity in the league.

Persons: He's, Woods, David Blitzer, Rory McIlroy, Mike McCarley, ” Woods, Woods hasn't, ” McCarley, McIlroy, Keegan Bradley, Adam Scott, Tyrrell Hatton, Arthur Blank, Alexis Ohanian, Venus Williams, Alex Morgan, Michelle Wie West, Steven Cohen, Marc Lasry, Stephen Curry, Blitzer, “, I've, ”, —, LIV, TGL, Collin Morikawa, Bradley Organizations: TGR Ventures, Jupiter, Golf Channel, TMRW Sports, “, SoFi, ESPN, Technology, Fenway Sports Group, New England, Keegan, Atlanta, Atlanta Falcons, Los Angeles Golf Club, New York Mets, Avenue, Fund, Golden State, —, Philadelphia 76ers, New Jersey Devils, Cleveland Guardians, Washington Commanders, Real Salt Lake, Crystal Palace FC, Premier League, Ryder, Saudi, LIV Golf Locations: Palm Beach Gardens , Florida, Los Angeles, Boston, Serena, New York, San Francisco, Golden, American, Real Salt, LIV .

☆ Portland Timbers name Neville as head coach
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO:Soccer Football - England - Phil Neville Press Conference - Wembley Stadium, London, Britain - February 18, 2020 Phil Neville during the press conference Action Images via Reuters/Peter Cziborra/File Photo Acquire Licensing RightsNov 7 (Reuters) - Major League Soccer (MLS) side Portland Timbers named former Manchester United full back Phil Neville as head coach on Monday. Neville, who joined the Canada national team's coaching staff after leaving Inter Miami in June, had signed on until the end of the 2026 season, the Timbers said in a news release. The 2015 MLS Cup winners parted ways with Giovanni Savarese in August, ending his five-and-a-half year tenure as head coach. Assistant coach Miles Joseph served as interim head coach until Neville's appointment. Neville, who won six Premier League titles as a player with Manchester United and was part of their 1999 treble-winning side, was the England women's head coach before joining Miami.

Persons: Phil Neville, Peter Cziborra, Neville, Giovanni Savarese, Miles Joseph, Chiranjit, Peter Rutherford Organizations: Football, Phil Neville Press Conference, Wembley, Major League Soccer, Portland Timbers, Manchester United, Canada national, Inter Miami, Timbers, Premier League, Miami, Thomson Locations: London, Britain, England, Bengaluru

☆ Lawsuits are shaking the NAR’s grip on America’s real estate fees
▼ + stars: | 2023-11-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

It’s easy to forget how much we used to rely on real, physical paper and, like, other people to buy basic things. It wasn’t all that long ago that you’d call a travel agent to book a flight. But the sellers argued that in a competitive market, the buyers should pay their own agent’s commission, and negotiate that fee separately. Because even though the NAR says fees are negotiable, the industry has made 5%-6% commissions so standard that most people wouldn’t question it. According to Bloomberg, Realtor commissions are high by global standards.

Persons: CNN Business ’, Anna Bahney, Keller Williams, Bob Goldberg, ”, you’re, you’ll Organizations: New, New York CNN, CNN Business, National Association of Realtors, Homeservices, Keller, Keller Williams Realty, NAR, MLS, Bloomberg, Department of Justice Locations: New York, Missouri, America, Australia

☆ A $1.8 billion earthquake just hit the real estate industry
▼ + stars: | 2023-11-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

On Tuesday afternoon at a courthouse in Kansas City, Missouri, the collective nightmare of the real-estate industry became reality. For decades, the basic structure of how real-estate agents get paid when they help someone buy or sell their home has remained roughly the same. Here's how it works: When you list your home for sale on an MLS, you're required to offer a commission to the buyer's agent. The good buyer's agents who can prove their value will be fine, Brobeck predicted. The wild thing is, the decision could be just the beginning of tumult for the real-estate industry.

Persons: Burnett, —, Stephen Brobeck, Brobeck, Mike Rosenthal, Rosenthal, Sellers, Saul Klein, you've, Klein, Keller Williams, Bob Goldberg, Inman, Opendoor, James Rodriguez Organizations: National Association of Realtors, NAR, MLS, Consumer Federation of America, Consumer, nab, New York Times, Justice Department Locations: Kansas City , Missouri, Missouri , Illinois, Kansas, California

☆ Real-estate agents may be forced to charge home buyers less, thanks to a new $1.8 billion verdict
▼ + stars: | 2023-11-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

On Tuesday afternoon at a courthouse in Kansas City, Missouri, the collective nightmare of the real-estate industry became reality. For decades, the basic structure of how real-estate agents get paid when they help someone buy or sell their home has remained roughly the same. Here's how it works: When you list your home for sale on an MLS, you're required to offer a commission to the buyer's agent. The good buyer's agents who can prove their value will be fine, Brobeck predicted. Buyers might also start making offers on the condition that the seller agrees to pay both agents' commissions — otherwise, no deal.

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