In a legal filing Nov. 12 in New York’s U.S. District Court ahead of a high-stakes hearing starting Nov. 18 to address Compass’s preliminary injunction motion, Zillow defended its new rules around private listings amid its ongoing court battle with Compass. The standards, which took effect in June, prohibit listings on Zillow that are publicly…
Mortgage rates saw little movement this week, reflecting a overall market pause related to the government shutdown these past weeks and related uncertainty, economists say. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average 30-year fixed-rate mortgage (FRM) moved up 2 basis points this week to 6.24% from…
Rhode Island-based top agent Kyle Seyboth is facing intense scrutiny over allegations that he called U.S. Immigration and Customs Enforcement (I.C.E.) on a buyer after a deal turned sour. Seyboth is also under a federal investigation by the Attorney General’s Office for allegedly conducting a foreclosure rescue scheme targeting vulnerable homeowners—also immigrants—based on an incident…
Applications for home purchases hit their fastest pace since September this week, despite a recent uptick in mortgage rates. Borrowers continue to shop for homes especially in markets where inventory has increased and price growth slowed, mortgage data watchers said. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan…
Renowned, a company that offers a suite of integrated Local Expert Marketing (LEM) solutions, has announced that RateMyAgent and Curated Social have been united into one solution under its umbrella. Together, Renowned now offers a suite of solutions designed to power LEM, a category that defines how real estate agents can win more deals by…
The National Association of Realtors® (NAR) has faced significant criticism following the events of the Burnett trial and settlement, leaving many still dissatisfied with how the organization has responded to issues the association, and the real estate industry at large, continue to face. In response to ongoing concerns involving NAR, a group of 15 industry…
In a Q3 earnings call Nov. 11, Fathom Holdings, which includes Fathom Realty, the tech-focused, full-service brokerage under its corporate umbrella, reported 38% year-over-year revenue growth, a 24% increase in agent count and 23% transaction growth. “In the third quarter, we continued to build on the momentum achieved in the first half of the year,”…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow calls out CoStar media, litigation strategies in lawsuit response In its first substantive arguments in a high-profile lawsuit with CoStar, Zillow again accused its rival of essentially using legal action to advance…
According to Coldwell Banker’s 2025 American Dream Report, 71% of aspiring homeowners are delaying at least one major life decision—getting married, having children and career changes—until they can afford to buy a home of their own. The numbers reveal that 18% are delaying marriage, 18% having children and 17% changing jobs or careers. More than…
Zillow is facing a second proposed class-action lawsuit in as many months, as lawyers seeking to represent Zillow mortgage customers allege that referrals to Zillow Home Loans are a “coercive scheme,” violating RESPA and other state and federal laws. Filed late last week in federal district court in Washington, the lawsuit adds another angle to…
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