Along with low interest rates and the infusion of money from federal stimulus, one of the factors that drove the pandemic boom market was a surge in so-called “housing mobility,” meaning the overall propensity of people to pick up and move. That metric rose to its highest level in almost 20 years back in 2021,…
Above, Jeremy Larson As Zillow celebrates its 20th anniversary this week, the real estate industry itself looks radically different than it did two decades ago. What once depended on access to listings and information now hinges on expertise, interpretation and trust—themes reflected throughout Jeremy Larson’s career. A longtime Zillow agent partner, Larson—CEO of the Larson…
Oregon REALTORS® announced a partnership with SkySlope to provide its members with complimentary access to Breeze, a digital disclosure program designed to simplify and streamline one of the most paperwork-heavy parts of a real estate transaction. A release from SkySlope says Breeze replaces lengthy, complex disclosure forms with guided digital questionnaires that sellers can complete…
Redfin has announced the launch of a new app within the AI platform ChatGPT, which offers consumers a way to access its listings and explore neighborhood information, data and market insights using conversational language. Redfin explains that through its app in ChatGPT, users can ask specific housing questions and refine their search over time without…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Trial date set for Gibson suit and final approval granted for five brokerages The United States District Court for the Western District of Missouri has set trial to begin on May 1, 2028.…
Sailors awaiting rain aim straight, said Captain Craig. Does that sentence make any sense to you? Me neither. It resulted when AI was provided with text and tasked to create something readable, but was misinterpreted by the app to mean that each word had to include “ai.” Whoops. The lead sentence is, of course, laughable,…
New York’s Brown Harris Stevens (BHS) has announced that Maggie Ross has been named managing director of sales for Brooklyn. In this role, Ross will oversee operations across the firm’s four Brooklyn offices while strengthening collaboration with BHS corporate leadership and its other regional markets, the company said. A long-time Brooklyn resident, local property investor,…
U.S. District Court Judge Stephen Bough has granted final approval to settlements in the main Burnett copycat case totaling $39.7 million with five real estate brokerages, with the total settlement fund sitting at over $1 billion as the industry continues to grapple with the fallout from antitrust claims. The approvals, announced Wednesday in Kansas City,…
Revenues at Move, operator of Realtor.com®, were $143 million in Q2, a 10% increase from the prior year, driven by premium offerings, audience share gains and expansion in growth adjacencies, according to the company, which operates on a July 1 to June 30 fiscal year. News Corporation, which includes Realtor.com under its corporate umbrella, on…
U.S. District Judge Jeannette Vargas of the Southern District of New York has denied Compass’s request for a preliminary injunction against Zillow’s new listing rules (what it calls “Listing Access Standards”), allowing the portal’s new rules to remain in effect while the broader antitrust lawsuit plays out. The decision delivers a significant legal setback for…
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