The Texas and Louisiana-based MLS North Texas Real Estate Information Systems, Inc. (NTREIS) has announced the launch of NTREIS Rewards, a new broker incentive program that returns value directly to the brokers whose listing data drives the real estate marketplace. NTREIS said the launch marks a deliberate pivot for the MLS: making Broker Participants the…
Following the announcement earlier this month that Google went national with its initiative to embed HouseCanary-powered listings into its search portal, many questions have arisen about what it all means for the residential real estate industry. With the industry re-organizing around the flow of listings, brokerages and MLSs are demanding greater control and remuneration for…
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…
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+…
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, Michael Wurzer, Cameron Paine, Melissa King, Garry Marsoubian and Justin Landon From the abolition of the three-way rule to the creation of private listing environments, MLSs are navigating new territory and reinventing themselves and the role they play with brokers and agents. In an upcoming session at RISMedia’s CEO & Leadership Exchange,…
Above, Thomas L. Reed As conversations around data ownership, access and interoperability continue to intensify, the role of MLSs is coming into sharper focus—a dialogue that will become more important as the industry shifts toward being more data-driven and technology-dependent. “Listing data isn’t just information sitting in a system,” says Thomas L. Reed, the broker-in-charge…
The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and Iran war-related disruption. Excluding food and energy (so-called “core inflation”), the headline PCE price index increased by 0.3%, according to the latest report from the Bureau of Economic Analysis. Year-over-year, the PCE price index increased…
The long-debated 21st Century ROAD to Housing Act made it past its final vote in Congress when the House approved the omnibus bill by a 358-32 vote last night. However, on its last leg to passage, it hit a snag when President Donald Trump announced on social media this morning that he was canceling the…
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