The high-profile, industry-shaking battle between mega-brokerage Compass and dominant portal Zillow is back in the courtroom, as Zillow is asking a court to block a major MLS from cutting off its listing feed, claiming that Compass is engaging in an “illegal conspiracy” to promote its private listing and undermine Zillow. The 52-page lawsuit, which Zillow…
Above: CRMLS CEO Art Carter Back in 2020, the Clear Cooperation Policy (CCP)—compelling agents to submit properties to the MLS within one day of public marketing—recieved immediate pushback. But the headlines mostly centered on the reactions of ostensible outsiders, including listing startups that filed lawsuits and antitrust law enforcement that flagged the policy as potentially…
Inflation shot up once again in April as energy prices continue to see large jolts both monthly and yearly, according to the latest data from the Bureau of Labor Statistics. Economists warn the country may now be facing an “inflation contagion,” with the path ahead murkier than before. The Consumer Price Index’s (CPI) all items…
Lending giant UWM Holdings Corporation (UWM) has cranked up the pressure on Two Harbors Investment Corporation (TWO), raising its acquisition bid to $12.50 per share in an attempt to derail a competing deal with CrossCountry Mortgage and push the Two Harbors board back to the negotiating table. In an open letter to Two Harbors stockholders,…
Above, Howard “Hoby” Hanna IV I have spent my career in this industry watching the Multiple Listing Service (MLS) do what it was designed to do: create a level playing field where brokers of every size, every model and every strategy can compete on merit. The MLS made that possible. It is the reason a…
The post Op-Ed: The MLS is Not a Product. It’s Infrastructure. appeared first on RISMedia.
Above: HomeServices of America CEO Chris Kelly at RISMedia’s CEO & Leadership Exchange Event in 2025. Minnesota-based brokerage giant HomeServices of America and Texas-based franchisor Keller Williams has announced they are joining a “listing data interface” that will replace MLS entry with a “controlled, brokerage-level environment,” while still promising full support and compliance with local…
A new report from data provider Intercontinental Exchange, Inc. (ICE) shows U.S. home prices rose to their strongest single-month gain in nearly two years. The May ICE Mortgage Monitor analysis found prices rose 0.32% in April on a seasonally adjusted basis and while modest on the surface, that pace translates to a 3.9% seasonally adjusted…
While home sales may not be booming in spring like many real estate professionals hoped for, according to the latest data from the National Association of Realtors® (NAR), inventory continues to increase as the potential for a strong summer market grows. NAR’s April Existing-Home Sales report saw a 0.2% month-over-month increase in sales to a…
When Rocket Companies and Zillow find themselves in the crosshairs of federal litigation over alleged referral kickbacks, the industry takes notice. As the headlines fixate on the big players, a quieter anxiety is building among independent mortgage bankers (IMBs) and smaller lenders who lack the firepower to go toe-to-toe in a prolonged legal battle. The…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC’s antitrust case against Zillow and Redfin to proceed A federal judge in Virginia denied a motion to dismiss the Federal Trade Commission’s (FTC) major antitrust lawsuit against Zillow and Redfin, clearing the…
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