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…
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…
NEW YORK CITY–As the afternoon session of the Compass-Zillow preliminary injunction hearing got underway in courtroom 14C at the Daniel Patrick Moynihan U.S. Courthouse in downtown Manhattan on Nov. 18, with Judge Jeannette Vargas presiding, the intensity from the morning session continued with Compass CEO Robert Reffkin on the stand. Throughout the day, attorney Bonnie…
NEW YORK CITY—Facing off in what seems more and more like a battle for the future of real estate, Zillow and Compass kicked off a four-day evidentiary trial in the Southern District of New York this morning in their high-stakes dispute over restrictions around private listings, with Compass CEO Robert Reffkin taking the stand to…
Despite home prices remaining historically high, new research from Zillow shows that more and more homes are losing value in the U.S. in 2025, signaling some normalization coming to the housing market. Zillow’s new report—based on Zestimate® data—found that 53% of all U.S. homes have lost value since 2024. This is the highest share of…
The recent government shutdown—coupled with economic uncertainty due to tariffs and rising construction costs—has kept builder sentiment down this month, according to data from the National Association of Home Builders (NAHB). The latest NAHB/Wells Fargo Housing Market Index (HMI) found that builder sentiment rose only one point to 38 in November, remaining in the negative…
At the next Federal Open Market Committee (FOMC) meeting Dec. 9-10, the final one of 2025, the voting committee will decide whether to adjust interest rates—with one voting member, Federal Reserve Governor Christopher Waller, already making his voting intentions clear. In a Monday, Nov. 17 appearance at the Society of Professional Economists held at Oxford…
HOUSTON—The National Association of Realtors® (NAR) wrapped up its annual conference Monday with the Board of Directors (BOD) approving sweeping policy changes, many explicitly as part of an “antitrust risk assessment” effort. Most notably, the association, today, announced the approval of 18 comprehensive updates to the Multiple Listing Service (MLS) Handbook, constituting the most extensive…
Buoyed by the reopening of the government on Thursday, a bit of optimism was in the air at NAR NXT, where Chief Economist Dr. Lawrence Yun predicted a 14% increase in existing-home sales in 2026, along with a 5% increase in new-home sales, a 4% increase in the median home price, and mortgage rates settling…
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The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow and Compass hearing begins Tuesday, Nov. 18 On Tuesday, Nov. 18, Compass and Zillow will meet in court for a scheduled four-day hearing held in New York City, the latest round in the ongoing…
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