With less than two weeks until the midterm elections, the Trump Administration rolled out an executive order (EO) aimed at making some housing costs more affordable. The mortgage industry welcomed some of the proposals, such as mortgage insurance cancellation for homeowners and reducing interest rates on some federally backed loans, but the general feeling is…

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Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR wants Compass’s data and depositions on private listings, CCP Compass is not directly involved in a long-running lawsuit filed by the now-defunct PLS.com, which sued the National Association of Realtors® (NAR) and…

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As the Federal Reserve gathers for their two-day meeting to decide on potential changes to interest rates, new-home sales may figure into their discussion after a month of minor declines. The latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau show that new-home sales throughout September fell 0.6% on…

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Above, from left: Michael Wurzer, Melissa King, Cameron Paine, Justin Landon, Garry Marsoubian. Photo by AJ Canaria. As the real estate industry continues to change, the role of the MLS is evolving right alongside it. Recent legal action, as six MLSs join together in a federal lawsuit against Compass and the mega-brokerage’s broader campaign to…

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Four brokerage giants are launching what they call “shared infrastructure” to keep listings shared broadly, seemingly in direct opposition to Compass and its campaign to undo cooperation-focused rules, in an initiative dubbed “Open Real Estate.” The four companies founding the initiative are Keller Williams, AGNT (parent of eXp and NextHome), HomeServices of America and Real…

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Pricing discussions with sellers is both an art and a science. Comparable listings data have always played a key role in determining asking price, as do algorithmic tools like automated valuation models (AVMs), but real estate agents say those values are a useful starting point—not a final valuation. That’s where their local knowledge about a…

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Consumer’s economic expectations remain muted for another month as the Iran War continues to hold the economy back, according to the latest data from the University of Michigan. University of Michigan’s latest Consumer Sentiment Index found that sentiment fell only 0.1 points in October, shifting ever so slightly from 48.1 in September to 48 in…

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Three separate federal lawsuits involving Compass and seven different MLSs are now making their way through the (often slow-moving) civil litigation process, marking a clear new level of conflict between incumbents defending long-running industry practices and deep-pocketed disruptors with new priorities. The confrontation comes after more than a year of fast-escalating tensions, in which the…

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Mortgage rates and the 10-year Treasury yield dropped this past week, offering homebuyers brief relief after two months of steady increases. The decline followed a wave of economic data that drove cautious investors into the safety of the bond market. The latest Freddie Mac Primary Mortgage Market Survey® released Thursday shows the average 30-year fixed-rate…

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