Following its recent acquisition of Fathom Holdings, Bed Bath & Beyond, Inc. has announced a shift in its branding, now changing its name to Neighborhood Intelligence, coupled with a new Nasdaq ticker of NXH. The formal change will take place on Aug. 17, as the company announced the shift in a letter to shareholders penned…
Tennessee-based MLS Realtracs, two months after threatening to join Chicago-based MRED in cutting Zillow off from its listing feed, has entered into a new licensing agreement with the portal, which “ensures uninterrupted listing distribution” while ensuring Realtracs members continue to have access to Zillow tools. In a statement, Realtracs President and CEO Stuart White said…
In his continued movement of expanding seller choice across real estate, Compass CEO Robert Reffkin said he expects “more than 90% of MLSs to have rules that allow sellers to market both Private Exclusives and Coming Soons by the end of the year” during the company’s recent Q2 earnings call. In presenting to investors, Reffkin…
Zillow has laid off 500 employees—about 7% of the portal’s 7,000 employees—in order to ensure a “disciplined cost structure” across the portal, according to an announcement by CEO Jeremy Wacksman today. In a blog post attributed to Wacksman, ahead of Wednesday’s Q2 2026 earnings release and investor call, the Zillow CEO described these “organizational changes”…
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. When a real estate agent takes a look at their calendar on any given day, there’s a good chance a significant chunk of time isn’t spent sitting behind…
Years after so-called iBuyers—companies that promised to quickly buy and flip homes using algorithms to make profits—were supposed to take the industry by storm, one of the (relative) new kids on the block is settled in for a longer voyage. During its Q2 2026 earnings call on Aug. 3, Offerpad Chairman and CEO Brian Bair…
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 class-action claims dismissed (for now) Judge James Robart of the federal Western District of Washington wrote in a 32-page order last week that a lawsuit filed by homebuyers against Zillow failed to…
Four retired federal judges are formally protesting the procedure by which the National Association of Realtors® (NAR) and other big brokerages, including Anywhere, settled the buyer commission cases, saying that the practice will encourage “forum-shopping” by class-action defendants. In a 22-page letter, known as an amicus curiae brief, Diane Wood, David Coar, G. Patrick Murphy…
After announcing that it would be scaling back its investment in Homes.com this past January, CoStar Group appears to be thriving as of Q2 as it beefs up investments in other segments of its business, such as Apartments.com. Andy Florance—CEO of CoStar—touted the success of the portal during the company’s earnings call yesterday, stating that…
After recently aligning with REMAX in June for its first major coup, the American Real Estate Association (ARA) announced on July 28 that Compass International Holdings has officially joined the organization. As with REMAX, agents affiliated with Compass’s portfolio of brands will have the choice to become members of ARA. This landmark move gives agents…
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