The other real estate company named Rex just laid off 4% of its staff

The Texas-based firm does property management and provides a variety of tech platforms. The layoffs come amid widespread job losses in the real estate sector. Continue reading

Court thwarts NAR, orders execs to turn over evidence in REX case

The brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies “limiting both how homes are listed online and the negotiation of commissions.” Continue reading

Homebuyers, lenders increasingly wise to flood risk: Zillow

Mortgage applications were more likely to be denied by lenders or withdrawn by homebuyers in census tracts where a higher share of buildings was at risk of future flooding. Continue reading

Mortgage is the new money pit for portals: Mike DelPrete

Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Continue reading

‘Don’t wait until the plane crashes’: Lawyers offer grim antitrust update

Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services’ annual conference. Continue reading

What will agents make of Zillow’s ShowingTime+? The Real Word

Hosts Byron Lazine and Nicole White sit down to discuss Zillow’s launch of ShowingTime+, amphibious houses, Hurricane Ian and whether high schools start too early. Continue reading

Your client’s home is quirky. How you market the listing is crucial

Real estate agents who have listed unusual, eccentric or just plain bizarre homes shared their tips with Inman for marketing properties with nontraditional features — and sensitive sellers. Continue reading

Buyers’ market now expected by end of 2023, economists predict

From a panel of 107 experts surveyed by Zillow, a majority agreed that rising mortgage rates are driving down competition among buyers, which will eventually result in a buyers’ market. Continue reading

Real estate agents weigh in on Zillow’s ShowingTime+ debut

Monday’s launch of ShowingTime+, a new brand intended to unify Zillow’s tech offerings, has only highlighted the industry’s polarizing feelings about the company. Continue reading

REX seeks court order for Zillow listing data on FSBOs

Court sets new trial date for June 5, 2023, as the legal battle over the National Association of Realtors’ no-commingling rule continues. Continue reading