In a hearing today for the copyright lawsuit filed by CoStar against Zillow, Judge Edgardo Ramos of the Southern District of New York ordered both parties to submit more detailed arguments regarding the proper venue for the lawsuit, with CoStar previewing how it will allege Zillow is responsible for what the company claimed “may be…
Homeownership is a daunting but desirable goal for many young Americans, yet many struggle to afford housing. In a survey from Redfin earlier this fall, 40% of millennials and Gen Z renters stopped dining out so they could afford their rent. The 30-year fixed-rate mortgage (FRM) has remained steady for weeks, and currently sits at…
Compass CEO Robert Reffkin has been unafraid to challenge other industry figures. Reffkin has been an outspoken critic of the National Association of Realtors®’ (NAR) Clear Cooperation Policy, and Compass is currently engaged in litigation with Zillow over the latter’s new listing rules. Reffkin has previously claimed that Zillow, NAR and MLSs “exploit” agents in…
As the government shutdown reaches day 14, the future remains uncertain. Although the Senate is set to reconvene today to vote on a Republican short-term spending measure, the fact that this is the eighth vote on the matter with little movement on stances from lawmakers has left much to be desired in terms of a…
Above, Nykia Wright Reaffirming a commitment to “transparency, accountability, discipline and focus,” National Association of Realtors® (NAR) CEO Nykia Wright recently published a letter to membership that introduced the organization’s value proposition for 2026 – 2028 and the development of its 2026 – 2028 Strategic Plan. Wright also announced that NAR will be publishing its…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judge denies Zillow’s request in Compass lawsuit Judge Jeannette Vargas has denied Zillow’s request to rule on several initial disputes and issues over an injunction in the Compass vs. Zillow lawsuit. Zillow had…
American homeowners are struggling to keep up with their mortgage payments as delinquencies climbed 16 basis points in August, according to the ICE Monthly Mortgage Monitor Report released Oct. 6. Despite some brief summer declines, the delinquency rate climbed to 3.43% in August, up 10 basis points from a year ago, ICE reported. It’s worth…
Federal Reserve Governor Michael S. Barr warned Thursday that the central bank’s battle against inflation is far from over, with price pressures expected to persist until 2027, as rising tariffs continue to ripple across the economy. Speaking at the Economic Club of Minnesota, Barr said the Federal Reserve continues to face elevated risks on both…
When the Trump Administration floated the idea of merging Fannie Mae and Freddie Mac into a single “Great American Mortgage Corporation” and taking it public, the announcement didn’t come through a press conference or news release. Instead, the president himself shared it via social media, sparking intense speculation. It’s one of many examples emerging from…
Mortgage rates are falling, which could be a step closer to affordable homeownership for many buyers, especially those in high-cost areas, according to online loan marketplace LendingTree. Nationally, the average rate on a 30-year fixed mortgage was 6.68% in July this year, a drop from July 2024’s 7.19%. The average calculated monthly payment across the…
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