"Inflation Concerns Drive Second Weekly Stock Market Decline"

Shares of Zillow and other real estate names tumbled after the National Association of Realtors (NAR) reached a settlement to lower commissions for home buyers and sellers, potentially leading to a 25% to 50% drop in commissions. The settlement, if approved, will bring changes to the way consumers buy and sell homes, including a new MLS rule prohibiting offers of broker compensation and requiring agents to enter into written agreements with homebuyers they represent. While existing homeowners are set to benefit, first-time and less-wealthy buyers may face negative impacts, and the NAR continues to grapple with financial and administrative challenges.