The sweeping housing reform bill, the 21st Century Road to Housing Act, has passed the House of Representatives by a vote of 396-13, after previous reporting (via Politico) indicated that Speaker Mike Johnson and House GOP leaders had reached an agreement with President Donald Trump and the White House. Following the bill’s passage, National Association…
Buyers appear to be continuing to dip their toes in the market at a modest rate, according to the latest data from the National Association of Realtors® (NAR). While pending activity is less than the hoped-for spring boom, it is still historically better despite consistent market and economic challenges. NAR’s April Pending Home Sales report…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow sues Compass, MRED; Claims Compass engaging in “illegal conspiracy” On May 12, Zillow filed a federal lawsuit, claiming that, early this month, Chicago-based MLS MRED “demanded that Zillow reinstate Compass private listings…
Through a pilot initiative, tech giant Google is working with HouseCanary to bring MLS listings directly into Google Search, after a brief hiatus when the program initially launched late last year. The pilot is powered by HouseCanary’s ComeHome portal and is only available on mobile devices. It appears as a sponsored search result and includes…
Above, left to right: Zillow CEO Jeremy Wacksman, MRED CEO Rebecca Jensen and Compass International Holdings CEO Robert Reffkin Midwest Real Estate Data (MRED) has announced that it will suspend property listing data feeds to Zillow Group websites, including Zillow.com and Trulia.com, unless Zillow cures its violation of its license agreements and MRED’s rules by…
In a court filing in federal court in Washington on Sunday, May 17, Northwest MLS (NWMLS) is accusing mega-brokerage Compass of promising, then failing to produce documents, datasets and communications in a lawsuit over private listing rules, as both parties have accused each other of anti-competitive practices. The lawsuit, filed by Compass a little over…
Redfin has launched what it is calling Redfin Early Access, a new search category featuring homes “buyers won’t find on other major real estate sites,” which include both Compass Coming Soon listings through a previously announced partnership as well as properties listed through the company’s brokerage. According to a release from the portal, the category…
Matt Langguth is a high-producing agent and team leader at Las Vegas’s huntington & ellis, where he balances his own production with mentoring a six-member team. After a decade-long rise from solo agent to director and partner at Galindo Group Real Estate, also in Las Vegas, helping grow it from 18 to 185 agents and…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Rocket Mortgage has filed a lawsuit against rival United Wholesale Mortgage (UWM), seeking $100 million in damages. Rocket has accused UWM of profiting off of loans it sold to Mr. Cooper, which Rocket…
Rocket Mortgage filed a lawsuit against United Wholesale Mortgage (UWM) on May 14, seeking nearly $100 million in damages for allegedly breaching a non-solicitation agreement tied to mortgage servicing rights purchases, according to a complaint filed in the New York Supreme Court’s Commercial Division. The lawsuit centers on three bundles of mortgage servicing rights that…
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