The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and Iran war-related disruption. Excluding food and energy (so-called “core inflation”), the headline PCE price index increased by 0.3%, according to the latest report from the Bureau of Economic Analysis. Year-over-year, the PCE price index increased…
The long-debated 21st Century ROAD to Housing Act made it past its final vote in Congress when the House approved the omnibus bill by a 358-32 vote last night. However, on its last leg to passage, it hit a snag when President Donald Trump announced on social media this morning that he was canceling the…
Above, agents from broker/owner Jim Roberts’ Metro Roberts Realty in Buffalo, New York with Allan Dalton and John Featherston. Photo courtesy of WNY Metro Roberts Realty. For Jim Roberts—founder and broker/owner of Buffalo, New York-based Metro Roberts Realty—standing out in today’s market requires more than a competitive commission plan. It means constantly finding new ways…
Northwest MLS (NWMLS) on Thursday, defended its countersuit against Compass in the Western District of Washington, urging Judge Jamal N. Whitehead to allow the MLS’s fraud, Consumer Protection Act and tortious interference claims to proceed against the mega-brokerage in a high-profile battle over MLS policies that is likely to reverberate across the industry. Responding to…
WASHINGTON D.C. — A potential new Standard of Practice for Realtors® sparked debate amongst the members of the National Association of Realtors®’ (NAR) Board of Directors (BOD) at the 2026 Realtors® Legislative Meetings, with proposed change to disclosure requirements eventually withdrawn. The controversy came after a relatively quiet gathering in the nation’s capital, at least…
Three Virginia congressional representatives have sent letters to the Federal Trade Commission (FTC) encouraging further investigation into listing portal practices and their effects on housing affordability. Jennifer McClellan and Don Beyer (both Democrats) sent a letter to FTC Chairman Andrew Ferguson on May 29. On June 12, Ben Cline (a Republican) sent a second, substantively…
The multiple listing service has always been a simple concept. But like a lot of straightforward ideas, everything gets a lot more complicated once you need to address competing interests, stakeholder priorities and operational requirements. Even so, MLSs remained a relatively unquestioned foundation of real estate for decades—until now. For the first time in the…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC lawsuit cost Zillow shareholders millions, new suit alleges A Zillow shareholder filed a securities class action in the Western District of Washington on June 9, alleging the company and its top executives…
Washington’s law restricting private home listings took effect June 11—and both sides of the state’s high-profile fight over listing policy have very different takes on the new rules. Senate Bill 6091, signed in March, requires that any residential property publicly marketed in Washington be concurrently marketed to the general public and all real estate brokers. …
For Danny Hernandez, real estate has never been only about closing deals—it’s about the families on the other side of them. Over 36 years in the industry, he has helped thousands of them reach the closing table, an experience that now informs how he leads Realty ONE Group’s expansion beyond U.S. borders. As Vice President,…
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