Only a few months after making headlines across both trade and mainstream media for a Google partnership described as potentially transformative for real estate, housing data firm HouseCanary filed Chapter 11 on September 22, as the company seemingly navigates a messy decades-long court fight. In a hearing on September 24 in U.S. Bankruptcy Court for…
Zillow® and Realtor.com® have announced that Preview℠ listings are now live on both sites. No special login or brokerage relationship required, the same early access is available for every buyer on both platforms starting today. The collaboration was originally announced in May, set to bring pre-market homes to buyers across the two of the most-visited…
What is a “private” listing? Short answer, not everyone agrees. Cooperation—that is, brokers sharing their listings with all other real estate professionals in order to facilitate a sale—has long been the default practice in residential real estate. The National Association of Realtors® (NAR) traces the first precursor to a “multiple listing service,” or MLS, back…
(TNS)–Two TikTok users shared posts about a Connecticut property for rent in July — but the property was never available to rent. The property, a three-bedroom home in Harwinton, originally was listed for sale for $599,000 by Hartford County-based Realtor Geena Becker. But on TikTok, the same property was advertised as a rental for $1,400 monthly with utilities…
New York looks likely to become the latest state to create restrictions on private listings. On June 1, the New York State Senate passed the Fair and Transparent Real Estate Listings Act, after amending the bill to include an opt-out option for sellers. The act’s intention is to prevent properties from only being available on…
OneKey® MLS has announced that it is preparing to launch Ocusell’s List™ listing management technology into its multiple listing service, which serves 42,000 subscriber agents in Long Island, all five New York City boroughs and the Hudson Valley. According to a release, as one of the earliest adopters to join Ocusell, OneKey® wanted a way…
As the war over private listings intensifies, Zillow and Compass (among others) are using dueling data reports and starkly different methodologies to make their respective cases in the courtroom—and in the court of public opinion. On July 24, Compass reported that pre-marketed homes that started as Private Exclusives or Coming Soons sold for 4.6% more…
As the real estate industry grapples with shifting consumer expectations, evolving technology, and increasing competition for listing data, REsides, Inc. is convening a panel of respected industry leaders to examine one of the most consequential questions facing the business today: Who controls the listing? A live webinar titled, “The Listing Wars Aren’t Coming. They’re Already…
CHICAGO—The CEOs of Compass and Midwest Real Estate Data (MRED) each testified Thursday, July 2 that Zillow executives threatened them directly over their companies’ resistance to its listing access standards, with MRED CEO Rebecca Jensen recounting a Zillow executive’s warning that she could expect her “phone to be dumped” and all of her “text messages…
Above, the Everett McKinley Dirksen Courthouse in Chicago where the hearing is taking place. Photo by Clarissa Garza. CHICAGO—Zillow, Midwest Real Estate Data (MRED) and Compass squared off in a Chicago courtroom Wednesday in a preliminary injunction hearing, kicking off two days of testimony, where a federal judge will decide whether Zillow can continue banning…
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