Redfin has formally—and publicly—asked Washington-based Northwest MLS (NWMLS) to change its rules and allow home sellers to pre-market their properties. The request, detailed in a letter from Joe Rath, Redfin’s Head of Industry Relations at Rocket Companies, challenges what critics have called one of the most restrictive policies around public marketing across the MLS landscape.…
There’s a growing housing disparity in America between who has the square footage and who needs it. According to a new Redfin report, which analyzed U.S. Census Bureau data from 2024, baby boomers living in one- to two-adult households own 28% of large homes. By comparison, millennials with children living at home own 16% of…
According to Redfin, 52.2% of February’s home listings sat on the market for at least 60 days without going under contract. Defining this as “stale inventory,” these types of listings have increased nationwide over the past year from 50.1%—marking the highest level in any given February since 2019, the portal said in a new report.…
An open letter directed to MLS providers by Compass, Redfin and Rocket Mortgage was made public last week. It represents a new low in disingenuous behavior. In it, they make an argument for “seller choice” in permitting sellers and their agents to withhold listings from MLSs so they can be introduced in “private listing” networks…
As a cascade of “premarketing” partnerships and programs sweep through the industry, Compass International Holdings (CIH), Rocket and Redfin have sent out a letter asking MLSs to change their policies to support phased listing distribution and cease punishments on agents for “seller-directed marketing plans.” The letter, obtained by RISMedia, was seemingly shared with MLSs and…
The mad dash for premarket power is showing no signs of slowing, as mega-brokerage eXp announced that it is striking a listing partnership with Realtor.com®, Homes.com and ComeHome.com (HouseCanary’s portal in Google Search), just 24 hours after Zillow launched a similar partnership with five other big national companies. Starting next month, eXp agents will be…
In the culmination of what was a busy year for Rocket Companies, after acquiring both Redfin and Mr. Cooper, the company detailed another large milestone in its recent earnings call with investors—a partnership with Compass. In its own recent earnings call, Compass CEO Robert Reffkin dropped the news that it had entered into a three-year…
Compass used its fourth-quarter 2025 earnings call to unveil a sweeping three-year exclusive alliance with Rocket Companies that will push the brokerage’s private and coming-soon listings onto Redfin—a direct shot at the “Zillow ban” just weeks after a federal judge handed Compass a significant setback in its antitrust lawsuit against the portal. Under the deal,…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. U.S. Veterans sue Veterans United Home Loans, alleging RESPA violations and steering A proposed class-action lawsuit, Peyton v. Veterans United Home Loans, has been filed in the Western District of Missouri against Veterans…
In a mostly technical legal briefing filed last week in Virginia federal court, rivals Zillow and Redfin jointly pushed back against a lawsuit filed by the Federal Trade Commission (FTC) and five states’ attorneys general that alleges the two companies violated federal antitrust law when they struck a rental “syndication” agreement late last year, arguing…
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