Editor’s note: after this story published, Zillow and Redfin struck an agreement with the FTC to avoid trial, amending or unwinding significant portions of their partnership. Read the full story here. At 10 a.m. Eastern Time on Monday, August 24, portal rivals Zillow and Redfin will face a judge in Virginia federal court, and defend…
The majority of listings in the Chicago area disappeared from Zillow this morning, around eight hours after a midnight deadline set by local MLS Midwest Real Estate Data (MRED), marking a dramatic escalation in a bitter, high-stakes dispute over restrictions on “private listings” that is playing out nationwide. A sharply-worded announcement from MRED that went…
So-called “premarket” listings appear to be the next big trend for the industry. Zillow’s recent pivot to host what are essentially “Coming Soon” properties (and a mad rush by brokers to strike deals with the portal or other consumer platforms) was an overwhelming affirmation that real estate believes that, to some degree, limited marketing options…
A federal judge dealt a significant blow to Washington-based Northwest Multiple Listing Service (NWMLS), refusing to throw out an antitrust lawsuit brought by the real estate giant Compass. In the 23-page order filed Thursday, U.S. District Judge Jamal N. Whitehead denied NWMLS’s motion to dismiss the lawsuit, ruling that Compass at this early stage, had…
Housing affordability—the issue we all know, and definitely do not love. In the past couple years, the national median home price hit new highs, settling in around $400,000. Depending on the region and market, this could sound like a lot of money, or like a little. What really demonstrates the affordability of $400,000 is how…
Less than a week ago, the United States went to war against Iran. While pundits and economists seek to assess the domestic impact, most experts have so far agreed that it is far too early to make any prediction regarding economic consequences, especially as federal officials (including president Donald Trump) offer shifting objectives and timelines.…
In the pandemic boom market, a lot of people did very well. Listing agents could sell a home for 10% over asking in a weekend; homeowners refinanced or cashed in on big equity jumps; middle-income families took advantage of low rates to snatch up their dream homes. But there is one group that maybe didn’t…
Along with low interest rates and the infusion of money from federal stimulus, one of the factors that drove the pandemic boom market was a surge in so-called “housing mobility,” meaning the overall propensity of people to pick up and move. That metric rose to its highest level in almost 20 years back in 2021,…
The Federal Housing Finance Agency’s (FHFA) monthly home price index (HPI), which tracks changes in single-family home prices, clocked a modest 0.4% increase in home values for October, with a 1.7% uptick from last year, as the housing market stutters heading into 2026. Largely aligning with expectations, the essentially flat trajectory for home values obscured…
Existing-home sales saw the third consecutive month of modest increases as mortgage rates have been lower; however, inventory growth appears to be stalling as winter comes, according to the latest National Association of Realtors® (NAR) data. NAR’s Existing-Home Sales Report for November found that sales increased 0.5% increase in existing-home sales month-over-month to a rate…
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