Homeowners living in predominantly Black and Hispanic neighborhoods are paying hundreds—even thousands—more per year for the same homeowners insurance coverage as homeowners in white neighborhoods, according to a new research report from the Consumer Federation of America (CFA). The nonprofit research and advocacy group found that the average cost of homeowners insurance rose by 24%…

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In yet another major escalation in its effort to re-shape the foundations of real estate, Compass filed a cascade of state-level ethics complaints Tuesday through 30 Realtor associations, at least 50 MLSs and real estate regulators across 26 states, targeting Zillow and focusing on allegedly misleading property designations on listings. A source with direct knowledge…

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According to a regulatory filing yesterday, Real’s bid to purchase REMAX for $880 million is moving forward—as far as the Department of Justice (DOJ) is concerned—with a waiting period created to allow antitrust review of big corporate mergers passing today. In the statement filed with the Securities and Exchange Commission (SEC), Real said that the…

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The last time Google dipped a toe into real estate search, it walked away. Now, it’s going all in.  The search giant announced it was expanding its real estate listings pilot to all 50 states this summer, powered by a partnership with data firm HouseCanary. As more brokerages and MLSs sign on to the initiative…

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In a supplemental post-hearing brief filed by defendants Midwest Real Estate Data (MRED) and Compass, the defendants argue that Zillow is not entitled to relief because “any harm, if it exists at all, is self-inflicted.” “If Zillow wants MRED’s feed, the ‘lifeblood’ of its business that it receives virtually for free, all Zillow has to…

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Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judge denies FTC in Zillow-Redfin suit A federal judge denied the Federal Trade Commission’s (FTC) and states’ motion for partial summary judgment, sending disputes over market definition and the deal’s alleged illegality to…

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Mega-franchisor Keller Williams announced today that it has acquired ascendant independent brokerage the Jason Mitchell Group (JMG), in yet another significant brokerage consolidation—this time between two companies with similar business models and priorities. After operating under My Home Group in Arizona, JMG went independent in 2019 and grew swiftly, ranking 36 in the nation in…

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The bipartisan 21st Century ROAD to Housing Act passed into law at 12:01 a.m. ET July 11, marking one of the most significant federal housing packages in decades. As he vowed on July 10, President Donald Trump did not sign off on the bill, withholding his signature in protest over the Senate’s failure to pass…

The post 21st Century ROAD to Housing Act Passes Into Law appeared first on RISMedia.

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As Google pushes deeper into real estate, HouseCanary has made itself the pipeline funneling MLS listings to the top of the world’s largest search engine. During the latest RISMedia Industry Briefing, RISMedia Founder and CEO John Featherston sat down with HouseCanary CEO Chris Rediger to break down the company’s partnership with Google and what it…

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A federal judge has denied a joint bid by the Federal Trade Commission (FTC) and a coalition of states to win early rulings on core questions in their antitrust case against Zillow and Redfin—leaving disputes over how the market is defined and whether the companies’ $100 million deal is illegal to be resolved at trial.…

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