The plaintiffs who filed a recently dismissed lawsuit against Zillow over alleged steering to the portal’s mortgage services are looking to reopen the class action with an amended complaint, filed yesterday. The suit—originally filed back in November 2025 and later consolidated with another similar lawsuit Taylor v. Zillow—alleges that referrals to Zillow Home Loans are…
Economic uncertainty continues to push builders to temper their expectations (and pace of construction) based on the latest monthly new residential construction report by the U.S. Census Bureau. The Bureau’s report for July states that privately owned housing starts were at a seasonally adjusted annual rate of 1.24 million. This is a considerable decrease (12.4%)…
Redfin, the real estate brokerage powered by Rocket, announced on Aug. 17 a partnership with Winnie—one of the largest marketplaces for childcare and early education in the U.S.—to bring local childcare information to every for-sale home listing on Redfin. Home searchers can now view daycare and preschool options closest to each listing, along with details…
Real estate’s Multiple Listing Service (MLS) was built on a century of shared data and mutual trust among brokers. Now, a panel of industry executives says that trust between agents and consumers is fraying as more properties get pulled into private listing networks. And, increasingly, panelists warn trust and cooperation between rival brokerages is wearing…
Consumer attitudes toward the economy reversed course as sentiment fell by nearly 8% so far for August. The University of Michigan’s monthly preliminary consumer sentiment survey reported a sharp decline. On a month-over-month basis, consumer sentiment dropped by 7.6%, ending the nation’s two-month streak of consecutive growth. The decline is more severe on an annual…
In the wake of elevated mortgage rates and rising year-over-year inflation, homesellers are doing their best to stimulate buyer behavior and get their listings off the market. According to a recent report by Bright MLS Chief Economist Lisa Sturtevant, about 40.1% of market listings in the Mid-Atlantic region have had their prices reduced as of…
As the war over private listings intensifies, Zillow and Compass (among others) are using dueling data reports and starkly different methodologies to make their respective cases in the courtroom—and in the court of public opinion. On July 24, Compass reported that pre-marketed homes that started as Private Exclusives or Coming Soons sold for 4.6% more…
As we slip into the second half of 2026, major homebuilders are looking past this challenging year and making their predictions for the future in a so-far very unpredictable market. Three major homebuilders—D.R. Horton, Lennar Corp and PulteGroup—ended their earnings calls over the last few weeks with optimistic yet guarded sentiments, as the real estate…
Discount brokerage Homie Technology, Inc.’s appeal to reverse the dismissal of its lawsuit against the National Association of Realtors® (NAR)—as well as Anywhere, REMAX, Keller Williams and HomeServices of America—has been dismissed. The U.S. Court of Appeals for the Tenth Circuit issued its judgement Tuesday, dismissing the appeal, with the Circuit judges stating in the…
The private listing debate quickly got messy within the industry. Real estate rivals suddenly couldn’t agree even on the definition of “private,” and the disputes have often become technical and insular—seller choice versus transparency, monopolies and conspiracies, the Wall Street boogeyman and the out-of-touch incumbents. But as brokerage and MLS leaders updated policies and focused…
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