After recently aligning with REMAX in June for its first major coup, the American Real Estate Association (ARA) announced on July 28 that Compass International Holdings has officially joined the organization. As with REMAX, agents affiliated with Compass’s portfolio of brands will have the choice to become members of ARA. This landmark move gives agents…
Home-price growth saw a slight uptick in the latest report, but the trend does not yet appear to be a concern among economists as growth remains down historically and affordability continues to see some marked improvement. The S&P Cotality Case-Shiller National Home Price Index saw home prices grow 1.1% year-over-year in May, up from the…
U.S. District Judge Stephen R. Bough has appointed two “special masters”—third parties granted significant authority over witnesses, evidence and testimony—to audit JND Legal Administration’s billing in the Burnett and Gibson commission lawsuits against the National Association of Realtors® (NAR), capping months of scrutiny over the settlement administrator’s finances. The July 27 order names Chris T.…
A judge dismissed a class-action lawsuit against Zillow and a real estate brokerage, saying that lawyers representing homebuyers who used Zillow’s mortgage services or were referred to agents through the portal’s lead-selling service did not meet the legal standard to move forward. Plaintiffs had alleged that Zillow’s practices were deceptive, violating RESPA, racketeering and consumer…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Federal lawmakers investigate MRED-Compass partnership A federal congressional committee sent letters to Compass CEO Robert Reffkin and MRED CEO Rebecca Jensen in relation to their partnership, scrutinizing the relationship between the nation’s largest…
In today’s frazzled residential real estate market, with mortgage rates stubbornly high and inventory issues in many parts of the land dovetailing high prices for homebuyers, it is always nice to see some data favorable to buyers. Namely—builders have overestimated the demand for their finished houses and are slashing prices in many cities, according to…
The battle over private listings is playing out nearly everywhere—from statehouses and courthouses to brokerage offices and Wall Street boardrooms. As opponents and supporters of the practice make their cases, the debate looks vastly different depending on the venue. But one tool that is nearly always effective is data. And as the practice draws more…
Earlier this month, it was reported that sales of existing homes fell during June, but the latest report on sales of newly constructed homes offers modestly more positive indicators for housing. According to the latest findings from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new single-family homes sales were…
Zillow research released in May found that home sellers lost a combined $1.49 billion to same-agent dual agency and $1.36 billion to off-MLS listings between 2023 and 2025, based on an analysis of more than 15 million transactions. Two sources with no role in the study—a Chicago broker/owner and a real estate economist—reviewed the findings…
Regional powerhouse Howard Hanna Real Estate Services is again expanding its footprint into new territory with what it’s calling a “strategic national partnership” with Maine-based Portside Real Estate Group. The move marks Howard Hanna’s entry into Northern New England, and aligns with the firm’s history of joining forces with independent, locally led real estate firms.…
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