When people hear about luxury housing, glitzy cities like New York, Miami and Los Angeles usually come to mind. But that narrative is being flipped upside down with Detroit hustling its way to the top of the Fall 2025 Wall Street Journal/Realtor.com® Luxury Housing Market Ranking, released last Thursday. Motor City knocked St. Louis from…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. CRMLS-affiliated vendor REcore and CoStar lawsuit quickly resolved CRMLS, the second-largest MLS in the country sued CoStar on Oct. 21 over a dispute related to an alleged breach of contract with its licensing…
The market for luxury housing has changed over the past few years. A million dollars today does not afford the same properties or retain the same value as it did nearly a decade ago. But in the U.S., the luxury threshold varies by region. A recent study by Realtor.com®—their monthly Housing Market Luxury Report for…
The post Luxury Housing: Not All Are Created Equal as Benchmarks Shift appeared first on RISMedia.
The latest monthly data from the University of Michigan’s flagship survey of consumer sentiment found less consumers mentioning interest rates as a barrier to big purchases like homes and cars, while the ongoing government shutdown so far is not having a huge impact on how people view the economy. At the same time, sentiment fell…
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. – loanDepot has filed a lawsuit against West Capital Lending over trade secrets and contracts, as reported by National Mortgage Professional. loanDepot is alleging that West Capital orchestrated a large-scale employee raid and data…
Listen up. Literally! Sounds can indicate that there’s an issue with the health of a house, whether it’s the seller client who owns it or the buyer client taking a look-see. As a residential real estate sales professional, you will get to see (and hear) more homes than anyone, thus exposing your ears to the…
Uncertainty is in the air as the government shutdown persists, with many on edge waiting for the Federal Reserve’s next meeting and a potential interest rate cut. Despite the delay of most government data releases that help the Fed determine rate cut decisions, the latest Consumer Price Index—an inflation gauge from the Bureau of Labor…
CoStar is providing a more forceful—and specific—pushback against accusations by Zillow that the company’s 3D home tour subsidiary, Matterport, blocked users from uploading tours on third-party websites, as earlier this week, one of the nation’s largest MLSs sought to remove CoStar-created media, before quickly reversing course. After Zillow on Monday removed Matterport tours from its…
A lawsuit filed Oct. 21 in San Bernardino County, wherein REcore Solutions LLC—the vendor who provides licensing services for California Regional Multiple Listing Service (CRMLS) and other MLSs—claimed breach of contract relating to failed payment against Homes.com and its parent company CoStar Group, has been dismissed with prejudice, meaning CRMLS cannot file a new lawsuit…
While homebuying remains one of the most prominent and desired milestones for Americans, sometimes people will have regrets about their choice. Experts from Highland Cabinetry explain five reasons that could lead to buyer’s remorse, highlighting the most common mistakes that agents should alert clients about in order to hopefully gain referrals and future business from…
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