News
Former Zillow execs talk startups, AI and a "discouraging" trend
1+ day, 16+ hour ago (560+ words) Buyers are still struggling with the housing affordability crisis " which the debate over private listings ignores, according to one former Zillow leader. Zillow is best known for launching the real estate industry's leading home search portal " but it has also…...
Corcoran expands abroad; Hanna program rewards luxury agents
1+ day, 19+ hour ago (750+ words) A new Spain affiliate adds to Corcoran's global presence. Plus, Elliman Capital launches in a third state; Howard Hanna unveils exclusive program; more. Editor's note: The brokerage business is a busy one, with frequent moves, mergers and milestones. Here we…...
Controversial housing bill provision dropped; HUD defends cuts
2+ day, 8+ hour ago (678+ words) Legislators nixed part of the ROAD to Housing Act targeting certain large investor purchases. Plus, SEC pitches rule change; Powell's term as Fed chair ends. This week in Washington, D. C. , members of Congress made a key revision to the 21st Century ROAD…...
B&W appoints a new Baird to the board, promotes president
2+ day, 9+ hour ago (256+ words) Chicago's largest indie brokerage continues its family-led tradition as Lucy Baird joins the C-suite and board, while Laura Ellis takes on a new role. Baird & Warner, the country's longest-running family-owned brokerage, has introduced a sixth generation of leadership to its…...
The MLS dilemma: Resist " or join " the pre-marketing movement
2+ day, 10+ hour ago (646+ words) While the Council of Multiple Listing Services has decried private listings, some MLSs have adopted policies that look a lot like Compass" 3-phased approach. The industry is at an inflection point around how, where and when properties should be marketed....
Mortgage rates jump as inflation reality sets in
2+ day, 12+ hour ago (358+ words) With no end in sight for the war in Iran, investors are growing increasingly nervous about how sky-high energy prices are impacting the U. S. economy. The U. S. economy's inflation situation seemed to kick in with investors on Friday " and that's bad news…...
Rocket sues UWM for putting a "bounty" on Mr. Cooper loans
3+ day, 9+ hour ago (400+ words) The mortgage giant claims that UWM tried to win back thousands of loans purchased in 2024 by Mr. Cooper, costing the company millions. Rocket Mortgage has sued mortgage rival United Wholesale Mortgage (UWM) over its alleged "willful and wanton" breach of…...
Sellers lose over $2 K on typical dual agency transaction: Study
3+ day, 11+ hour ago (425+ words) A new Zillow analysis found that homesellers collectively lost nearly $1. 5 B on dual agency transactions in three years " and over $1. 3 B on off-MLS listings. Homesellers who are involved in dual agency transactions or who list off the multiple listing service…...
Are homebuyers ready to look past current market conditions?
3+ day, 11+ hour ago (509+ words) Rising pending sales and loan activity suggests some buyers have "shrugged off the current economic and mortgage rate uncertainties and returned to the market." It's too early to call it a trend, but the housing market appears to be showing…...
Zillow looks to bypass MRED with direct feed
3+ day, 13+ hour ago (390+ words) In the wake of alleged threats by the Chicago-area MLS to cut off listing feed access, Zillow sued MRED and is now pitching a listing alternative to brokers. Zillow has been at odds with Midwest Real Estate Data (MRED), a…...