NWMLS fires back at Compass, saying the brokerage adopted a ‘free-rider strategy’

The 32,000-member Northwest Multiple Listing Service wrote in a new legal filing that Compass “cannot have it both ways” by receiving listings via the MLS while holding half of its own listings privately Continue reading

Mauricio Umansky’s ThePLS.com sues NAR over private listings

Celebrity agent Mauricio Umansky, who has targeted the National Association of Realtors’ dominance over agents and the rules governing real estate, heads back to court. Continue reading

Zillow fires back at Compass, saying brokerage faces no harm from its listing policy

Zillow attorneys pushed back at Compass’ request for a broad and expedited discovery, and on the brokerage’s private listing network. ‘Compass would erect new barriers for buyers by making listings exclusive to each broker.’ Continue reading

It’s reckoning day for private listings. What you should know about Zillow’s changes

The nation’s largest real estate portal began enforcing its ban on private listings on Monday, 10 weeks after announcing its new standards. Here’s what you need to know now. Continue reading

Compass asks judge to block Zillow’s ban on publicly marketed private listings

In a motion filed on Friday morning, Compass said that it seeks to “dent” Zillow’s dominance in the home search space and asked the court to stop Zillow’s ban on publicly marketed private listings, which takes effect on Monday Continue reading

Rising wages and job growth pushed pending home sales up slightly in May

New numbers from the National Association of Realtors show that pending sales rose 1.1 percent year over year in May. Continue reading

Sanford fires back at Compass, argues against ‘walled gardens’

EXp founder Glenn Sanford took a swing at Compass two days after his company was mentioned in a Compass lawsuit against Zillow — a lawsuit focused on one of the industry’s most divisive topics Continue reading

So far, the conflict with Iran hasn’t nudged the US housing market. But could it?

Economists typically keep their eyes out for three key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here’s what they are. Continue reading

NAR says lower mortgage rates could help boost sluggish sales. When might that happen?

Amid fighting over the federal funds rate, NAR says home sales were 0.7 percent lower in May than a year ago as inventory rose to a 4.6-month supply Continue reading

Pulte wages war on Fed Chair Jerome Powell, blaming him for high home prices

The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices. Continue reading