CHICAGO—The CEOs of Compass and Midwest Real Estate Data (MRED) each testified Thursday that Zillow executives threatened them directly over their companies’ resistance to its listing access standards, with MRED CEO Rebecca Jensen recounting a Zillow executive’s warning that she could expect her “phone to be dumped” and all of her “text messages to get…
I started my first software company in 1983. I remember when Apple released the first mouse. The other day I was talking with my business partner, Brad Clayton, and he asked me where I thought AI was going. I said: “I’ve seen this movie before.” What’s happening with AI right now really reminds me of…
The post I’ve Seen This Movie Before appeared first on RISMedia.
The Consumer Federation of America (CFA) has penned a letter requesting that the Federal Trade Commission (FTC) and the Department of Justice (DOJ) investigate mega-brokerage Compass for its several recent partnerships with MLSs that simultaneously expanded their platforms nationwide, alleging that the deals “raise significant anti-consumer concerns” and potentially “violate fair housing protections.” Specifically, the…
Above, the Everett McKinley Dirksen Courthouse in Chicago where the hearing is taking place. Photo by Clarissa Garza. CHICAGO—Zillow, Midwest Real Estate Data (MRED) and Compass squared off in a Chicago courtroom Wednesday in a preliminary injunction hearing, kicking off two days of testimony, where a federal judge will decide whether Zillow can continue banning…
Generation Z (those born roughly between 1997 and 2012) boasts unprecedented representation in the Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ+) community. Gallup recently shared that 23% of U.S. adults under 30 years old self-identify as LGBTQ+. What does this mean for so-called “zoomers” home-buying plans, including the 23% that are part of the LGBTQ+…
In the continued evolution of the MLS landscape as of late, California Regional MLS (CRMLS) recently announced a “Limited Exposure in Coming Soon” option for listings. A post on the MLS’s Knowledgebase blog details that the option will prevent a designated listing from being circulated through IDX feeds. Specifically, CRMLS stated that the new option…
Above, Village home in Lower Longwood, Eaton Constantine In this edition of Great Spaces, we travel to the British countryside to explore a home with historic character along with easy access to village life and market-town amenities. Property highlights: Location: Lower Longwood, Eaton Constantine, Shrewsbury, Shropshire Listing Price: Offers in the region of £695,000 (approx.…
Home-price growth continues to cool and provide relief to priced-out prospective homebuyers throughout the first half of this year, as the latest S&P Cotality Case-Shiller U.S. National Home Price NSA Index saw an “essentially flat” report in April, as characterized by Nicholas Godec, head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.…
Editor’s note: RISMedia will be on the ground in Chicago this week to provide live coverage of the hearing. Stay tuned to RISMedia.com for the latest updates. A long-simmering dispute between Zillow and Chicago-based MLS Midwest Real Estate Data (MRED) exploded into a public battle last month, ending up (like many recent industry disputes have)…
Above, from left, Rick Murr and Curran Scarlata United Finds Its Rhythm in Nashville Rick Murr Co-Owner Curran Scarlata Co-Owner United Real Estate Middle TN Murfreesboro, Tennessee UnitedRealEstateMiddleTN.com Region served: Nashville and surrounding counties Years in real estate: Rick Murr: 16; Curran Scarlata: 12 Number of offices: 1 Number of agents: 71 Keys to continued…
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