Two state ballot initiatives in Missouri, focused on major changes to taxation and grassroots ballot measures, were both soundly defeated last night, as the state Realtor® association joined with the rival American Association of Realtors (ARA) to oppose the initiatives. Amendment 5 would have removed the state income tax but likely would have increased taxes…
Those shopping for a home or a refinance for a lower rate appear to be moving back to the sidelines this past week, as application activity for both has declined for a second consecutive week following mortgage rates rising to their highest point in more than a year. The latest Market Composite Index from the…
The post Home Shoppers Pull Back as Rates Hit Highest Point in Over a Year appeared first on RISMedia.
AGNT, Inc., the parent company of eXp Realty and NextHome, reported record second quarter 2026 revenue of $1.4 billion, up 11% from a year ago, as leaders credited agent productivity and AI investments for the gains. The Bellingham, Washington-based company, which rebranded from eXp World Holdings earlier this year, posted adjusted EBITDA of $25.7 million…
Following its recent acquisition of Fathom Holdings, Bed Bath & Beyond, Inc. has announced a shift in its branding, now changing its name to Neighborhood Intelligence, coupled with a new Nasdaq ticker of NXH. The formal change will take place on Aug. 17, as the company announced the shift in a letter to shareholders penned…
HomeServices of America has appointed Gretchen Rosenberg as vice president of Industry Affairs and Engagement, where she will serve on the executive leadership team in an expanded full-time capacity. According to a release, Rosenberg brings a proven record of brokerage leadership, innovation and industry engagement. She joins the HomeServices executive leadership team after serving as…
Tennessee-based MLS Realtracs, two months after threatening to join Chicago-based MRED in cutting Zillow off from its listing feed, has entered into a new licensing agreement with the portal, which “ensures uninterrupted listing distribution” while ensuring Realtracs members continue to have access to Zillow tools. In a statement, Realtracs President and CEO Stuart White said…
In his continued movement of expanding seller choice across real estate, Compass CEO Robert Reffkin said he expects “more than 90% of MLSs to have rules that allow sellers to market both Private Exclusives and Coming Soons by the end of the year” during the company’s recent Q2 earnings call. In presenting to investors, Reffkin…
As homebuyers continue to struggle through the 2026 housing market amid affordability issues, rising mortgage rates and ongoing economic uncertainty, one of the nation’s mega banks is stepping in with a major long-term investment into the housing market. JPMorgan Chase announced Aug. 3 that the firm intends to invest over $750 billion through 2035 with…
Zillow has laid off 500 employees—about 7% of the portal’s 7,000 employees—in order to ensure a “disciplined cost structure” across the portal, according to an announcement by CEO Jeremy Wacksman today. In a blog post attributed to Wacksman, ahead of Wednesday’s Q2 2026 earnings release and investor call, the Zillow CEO described these “organizational changes”…
Carrington Mortgage Services, LLC has announced its acquisition of Valon Mortgage, Inc. from Valon Technologies, Inc., marking the close of a strategic partnership built around ValonOS, the AI-native operating system Valon has built for mortgage servicing. According to a release, under the agreement, Carrington expands its servicing portfolio by approximately 810,000 loans and will use…
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