Judge orders Zillow to give REX FSBO listing data
Federal court in Seattle grants discount brokerage's motion to compel on the grounds that the data could show whether Zillow and NAR caused harm to REX or to competition in general
by Andrea V. Brambila Oct 20
Existing-home sales drop for 8th straight month in September
Existing-home sales sagged 1.5% to a seasonally adjusted annual rate of 4.71M, 23.8% lower than in September 2021, according to data released Thursday by the National Association of Realtors
by Ben Verde Oct 20
NYC real estate commissions are all over the map: Consumer watchdog
In a report on Wednesday, the Consumer Federation of America found the median commissions listing agents offered to buyer agents ranged from 1% in parts of Brooklyn to 3% in Manhattan
by Andrea V. Brambila Oct 20
Rent-to-own startup Landis raises $40M from Google, Jay-Z and NAR
The new Series B funding will go toward boosting the company's homeownership coaching program, growing its team and expanding to new markets
by Andrea V. Brambila Oct 18
Industry groups renew push for lower FHA mortgage premiums
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
by Matt Carter Oct 17
Inflation up 8.2% over last year — and housing is largely to blame
Government’s estimate of the cost of owning a primary residence rose 0.8% in September and was up 6.7% compared to a year ago, which is the largest 12-month increase in the category's history
by Daniel Houston Oct 13
Minneapolis Realtors apologize for racial discrimination in real estate
'Minneapolis Area Realtors apologizes to all members of the community who have been burdened, denied service, or ignored by our actions.' Trade group also releases policy changes
by Andrea V. Brambila Oct 12
Realtor vs. Real Estate Agent: What's The Difference?
Many consumers aren't sure what the difference is — or whether there even is one
by Amy Tankersley Oct 11
Seeking clout, MLS trade group taps ex-DOJ and FTC antitrust lawyers
The Council of Multiple Listing Services has hired Alicia Batts and Dylan Carson to help the trade group exert influence over MLS-related decisions at the antitrust enforcement agencies
Court thwarts NAR, orders execs to turn over evidence in REX case
Brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies 'limiting both how homes are listed online and the negotiation of commissions'
Court orders Anywhere to hand over NAR commission rule documents
Judge M. Page Kelley noted the real estate holding company formerly known as Realogy allegedly perpetuated NAR and MLS PIN's 'substantively identical' buyer broker commission rules
'Don't wait until the plane crashes': Lawyers offer grim antitrust update
Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 30
Presale home renovation startup Revive wins NAR 'Pitch Battle'
Revive takes home the $15,000 cash prize from a contest hosted by NAR’s for-profit investment subsidiary Second Century Ventures. It was one of 12 startups to compete in the contest
by Andrea V. Brambila Sep 30
What haunts MLS leaders? Politics, commissions and their own demise
At the Council of Multiple Listing Services' annual conference, CEOs discussed being ready for the possible death of the commission structure and why MLSs should be run as businesses
by Andrea V. Brambila Sep 30
NAR asks US Supreme Court to overturn pocket listing ruling
An appeals court allowed The PLS's case against the Clear Cooperation Policy to proceed in April, but NAR hopes a review from the nation's highest court will change that
by Andrea V. Brambila Sep 29