Lower mortgage rates at the end of 2025 prompted a refinance rush among current homeowners, helping boost prepayment rates to their highest level in three years, according to a new report from ICE Mortgage Technology. The monthly mortgage prepayment rate rose to 0.91% in December, just below the 3.5‑year high set in October, ICE reported…
Bright MLS has announced that industry veteran Rajeev Sajja has been named the company’s first Chief Artificial Intelligence Officer, a new role created to accelerate the MLS’s transformation as an AI‑native, enterprise‑scale technology and data platform. Bright said this appointment reflects its belief that AI will redefine how listing data is managed, insights are delivered,…
As the corporate infighting continues between CoStar Group and billionaire investor Daniel Loeb’s hedge fund Third Point, with Third Point on Jan. 27 announcing it would seek to replace a majority of CoStar’s eight-person board, CoStar responded with a lengthy statement released on Jan. 28 highlighting new planned initiatives. “The CoStar Group Board of Directors…
Billionaire investor Daniel Loeb’s hedge fund Third Point has launched a proxy fight against CoStar Group, nominating multiple directors to the company’s board and demanding the real estate giant exit its residential business entirely. In a letter released this morning, Third Point announced it would seek to replace a majority of CoStar’s eight-person board, marking…
Nosy neighbors are one thing. They can be occasionally annoying. But noisy neighbors? They can be an endless drag. And for agents whose livelihoods rely on getting buyer clients through the long and winding path to closings, noise pollution can capsize otherwise promising deals. Condo buildings anywhere and co-op high-rises in urban areas are especially…
With the first month of the new year nearly behind us, real estate professionals are buckling down as they find their stride and set the tone for the months ahead. Coming off another tough year, brokerage leaders are moving quickly in order to take advantage of a gradually improving market. But where do the biggest…
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Testifying before Congress Jan. 21, Secretary of Housing and Urban Development (HUD) Scott Turner was questioned before the House Financial Services Committee on his oversight of HUD and the Federal Housing Administration, with a large focus on affordable housing and President Donald Trump’s executive order banning institutional investors. Congresswoman Maxine Waters (D-CA) opened the hearing…
President Donald Trump’s speech at the World Economic Forum in Davos Wednesday largely focused on diplomatic tensions, but he also turned at points to the U.S. economy—including his new plans to rein in institutional investors in the single-family home market. “In recent years, Wall Street giants and institutional investment firms, many of you are here,…
Realtor.com® announced on Jan. 21 the public debut of Realtor.com®+, a home search platform built in collaboration with MLSs, intended to help real estate professionals and consumers “connect, collaborate and close with confidence.” Designed to elevate the search experience and strengthen MLS and professional value, Realtor.com+ hopes to set a new standard for transparency, insights…
Above, Amit Kulkarni and Russ Cofano This past November, when the National Association of Realtors® (NAR) repealed the rule linking MLS access to Realtor® membership—bringing an end to a structure that shaped local policy and revenue for decades—Realtor® associations and MLSs were forced to navigate a new world with no clear roadmap for moving forward. …
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