Homeowners are older than the general population, while younger generations are falling behind due to affordability challenges. There has been some expectation of a so-called “silver tsunami,” i.e., when older homeowners begin listing their homes this will boost supply across the housing market. Lisa Sturtevant, chief economist of Bright MLS and publisher of the Housing…
CHICAGO—The CEOs of Compass and Midwest Real Estate Data (MRED) each testified Thursday, July 2 that Zillow executives threatened them directly over their companies’ resistance to its listing access standards, with MRED CEO Rebecca Jensen recounting a Zillow executive’s warning that she could expect her “phone to be dumped” and all of her “text messages…
The Consumer Federation of America (CFA) has penned a letter requesting that the Federal Trade Commission (FTC) and the Department of Justice (DOJ) investigate mega-brokerage Compass for its several recent partnerships with MLSs that simultaneously expanded their platforms nationwide, alleging that the deals “raise significant anti-consumer concerns” and potentially “violate fair housing protections.” Specifically, the…
“Keeping the dream of homeownership alive today is really about helping people replace confusion with clarity. The dream is not dead. The strategy is just different.” This is how Adam Gillespie—a Denver-based Realtor®, AI strategist, CRM coach and co-founder of Apex Elite AI—describes the challenges facing those pursuing the American Dream of homeownership in today’s…
Above: the Everett McKinley Dirksen United States Courthouse in Chicago. CHICAGO—Zillow Chief Financial Officer Jeremy Hofmann testified Wednesday afternoon that a permanent loss of Midwest Real Estate Data (MRED)’s listing feed could trigger what he called a “downward spiral” for Zillow’s business, as testimony continued in the preliminary injunction hearing between Zillow, MRED and Compass.…
Above, the Everett McKinley Dirksen Courthouse in Chicago where the hearing is taking place. Photo by Clarissa Garza. CHICAGO—Zillow, Midwest Real Estate Data (MRED) and Compass squared off in a Chicago courtroom Wednesday in a preliminary injunction hearing, kicking off two days of testimony, where a federal judge will decide whether Zillow can continue banning…
Generation Z (those born roughly between 1997 and 2012) boasts unprecedented representation in the Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ+) community. Gallup recently shared that 23% of U.S. adults under 30 years old self-identify as LGBTQ+. What does this mean for so-called “zoomers” home-buying plans, including the 23% that are part of the LGBTQ+…
As everyone in real estate knows, the market is in a constant state of ebb and flow. While the same trends have been persistent in housing in recent years, the ways in which they affect the market and what challenges are dominant have been in a state of change. Certain trends, such as the downward…
The post Investors Still Players in the Market—A Look at Current Housing Trends appeared first on RISMedia.
In the continued evolution of the MLS landscape as of late, California Regional MLS (CRMLS) recently announced a “Limited Exposure in Coming Soon” option for listings. A post on the MLS’s Knowledgebase blog details that the option will prevent a designated listing from being circulated through IDX feeds. Specifically, CRMLS stated that the new option…
Editor’s note: RISMedia will be on the ground in Chicago this week to provide live coverage of the hearing. Stay tuned to RISMedia.com for the latest updates. A long-simmering dispute between Zillow and Chicago-based MLS Midwest Real Estate Data (MRED) exploded into a public battle last month, ending up (like many recent industry disputes have)…
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