In a relatively short time, the power dynamics in residential real estate have shifted dramatically. The National Association of Realtors® (NAR) sits alongside portal giant Zillow on one side, and on the other is New York-based venture capital-backed Compass, a new behemoth that has consolidated a huge brokerage empire and appears ready to use its…
In its first financial report since being acquired by Compass in September, Anywhere Real Estate, in a Nov. 4 Q3 earnings call, showed $1.6 billion in revenue—a 6% increase from the previous year. The company said it is focused on achieving $100 million in cost savings for 2025 and has already identified all necessary savings.…
The acting inspector general of the Federal Housing Finance Agency (FHFA), aka the organization’s “internal watchdog” who polices waste, fraud and abuse, has been removed from his position, as reported by Reuters. The FHFA website now designates the position as vacant. Joe Allen is the latest in a chain of several other watchdogs who have…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass’s request for Zillow/Redfin documents currently denied This past week saw new developments in the ongoing litigation between Compass and Zillow, the crux of which is Compass’s objections to Zillow’s new rules that remove listings…
Ahead of the Nov. 18 hearing over its legal challenge to Zillow’s new listing rules, Compass filed a supplemental brief against the portal, accusing it of weaponizing its dominance in the home portal market to crush competition and force home sellers and agents to list properties on its platform first. In the pre-hearing brief submitted…
They’re the opposite ends of the home-buying spectrum. One phrase lights up a potential owner’s face, while the other forces a frown. The former is a no-brainer for you, the agent, while the latter can test your ability to keep a client in check. It’s plug-and-play versus quasi-fixer-upper. It is easy to accentuate the positives,…
Rocket Companies—which recently completed its acquisition of both Mr. Cooper and Redfin—exceeded its revenue guidance during the third quarter, as noted during a Halloween Eve earnings call. The company reported Q3 adjusted revenue of $1.78 billion—beating the high end of its guidance range—generated $36 billion in net rate lock volume, up 26% over the previous…
For a couple years now, RE/MAX has publicly stated that it is focused on reversing a trend of shrinking agent count in the U.S.—even as the brokerage touts overseas growth. That still hasn’t happened, with the company reporting a 6.9% year-over-year drop in U.S. agents for Q3 2025, and lowering its top-end revenue projections from…
Just in time for Halloween, America’s real estate market gets some unscary news: The zombies are going to their graves. So-called “zombie” foreclosures—homes abandoned by owners before formal foreclosure proceedings are completed—fell to 3.25% at the start of the fourth quarter of 2025, down from 3.38% from the previous quarter, according to ATTOM’s fourth-quarter Vacant…
Mortgage rate watchers point out that so far this year rates have fallen 87 basis points from their mid-January peak, a welcome event for homebuyers that have been waiting on the sidelines and homeowners who have been considering refinancing. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average…
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