The industry-shaking deal by Compass to acquire Anywhere officially closed today, creating a $10 billion brokerage behemoth that is likely to shift the power balance in real estate both short- and long-term, and shifts ongoing debates around listing transparency significantly more weighty. In a regulatory filing today, Compass said that the merger—first announced back in…
Midwest Real Estate Data (MRED), which claims almost 50,000 members in the Chicago region, has issued a forceful public rebuttal to Zillow’s recent study alleging that private listings in Chicago reinforce housing segregation, pointing to internal Zillow documents as it argues the portal giant’s criticism may be driven more by business strategy than consumer protection.…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Four days of testimony set battle lines in Zillow-Compass showdown With top executives, brokers and a mob of journalists packing a high-rise federal courtroom in Manhattan last week, the public got its first glimpse of…