After the National Association of Realtors® (NAR) made comprehensive updates to MLS policies—saying that most are meant to “modernize” and remove “outdated practices”—brokers who are currently suing NAR are citing the changes as an acknowledgment that these policies ran afoul of the law. In a court filing yesterday, lawyers representing three real estate professionals in…
In a delayed report on job growth from the Bureau of Labor Statistics (BLS) on Nov. 20, U.S. employers added 119,000 jobs in September, with the unemployment rate rising slightly to 4.4%. Employment continued to trend up in healthcare, food services and drinking places, and social assistance. Job losses occurred in transportation and warehousing and…
In a class-action lawsuit focused on Zillow’s mortgage referral and fee structures, plaintiffs just added a bevy of new accusations, citing a handful of “confidential witnesses”—current and former loan officers and agents who worked with the company—who claim Zillow sought to hide the fact it was funneling customers to its mortgage business. Alleging violations of…
At a recent public appearance at Oxford University, Federal Reserve Board Governor Christopher Waller confirmed that he plans to vote for a 25-basis-point cut at the next Federal Open Market Committee (FOMC) meeting in December. However, during a subsequent Q&A, Waller foretold that observers may find there is currently less “groupthink” at the Fed. The…
Above, Denise and Paul Knighton Paul and Denise Knighton Founders MORE® Realty Portland, Oregon https://www.MORErealty.com Region served: Oregon, Washington, Nevada, New Mexico, Idaho Years in real estate (combined): 33 Number of offices: 12 Number of agents: 900 Since founding MORE® Realty 10 years ago, you’ve grown to 900 agents and are now the largest Oregon-based…
After a period of relatively steady activity, home purchase applications fell back this week as mortgage rates reached recent multi-week highs. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan activity volume—decreased 5.2% from one week earlier on a seasonally adjusted basis for the week ending Nov. 14, following…
Real estate firms are reporting housing affordability and rising as the biggest challenges they face, and expect to continue facing, according to a new report from the National Association of REALTORS®. NAR’s 2025 Profile of Real Estate Firms found that 56% of firms reported housing affordability as a major challenge they expect to continue facing…
AI has entered the real estate chat—and it doesn’t appear to be going anywhere anytime soon. While some say the AI bubble may burst in the next year or two, that’s not the feeling you get perusing real estate tradeshow exhibit halls where vendors pitch AI solutions for just about everything. Whether it’s the promise…
Zillow® is announcing a new way for renters to turn their monthly payments into real financial progress with CreditClimb, a credit-building tool powered by fintech firm Esusu. Renters nationwide can enroll directly through Zillow to have their on-time rent payments automatically reported to all three major credit bureaus for $20 a year. CreditClimb also claims…
Leading Real Estate Companies of the World® (LeadingRE) announced that Renowned will join its Solutions Group program of preferred business resources for its global network of 550 real estate firms. “Renowned’s marketing platform helps brokerages and agents build visibility and trust, which is essential to success in our industry,” said Jim Psyhogios, LeadingRE’s vice president…
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