Investor calls CoStar’s residential project a ‘fiasco,’ slams Homes.com spending

A major New York hedge fund has called on CoStar to divest or shut down its residential real estate business after heavy spending on Homes.com. Continue reading

Rocket Companies hit with lawsuit alleging mortgage steering, RESPA violations

Three homebuyer plaintiffs sued Rocket Companies on Monday, alleging the company violated RESPA through its lead referral program for real estate agents. Continue reading

What did Trump say about housing and mortgage rates at Davos?

President Trump kept his focus on a potential ban on institutional homebuyers and highlighted existing plans to buy $200 billion in mortgage bonds to drive down rates. Continue reading

Industry vets debut playbook to provide ‘non-Realtor MLS Access’

Russ Cofano and Amit Kulkarni of Alloy Advisors are among a group that has created the “Playbook for MLS Access in the Post NAR Policy Era.” Continue reading

How strict are the MLSs? Here’s how Compass saw it

As it geared up to fight for rules that were favorable to its private listings strategy, Compass set out to understand where hundreds of MLSs stood — and to create a 1-to-5 ranking system. Continue reading

Redfin’s Kelman on listing access: ‘You shouldn’t have to know the secret handshake’

INMAN EXCLUSIVE: Court documents shed light on Redfin CEO Glenn Kelman’s unique view of private listings — a position that landed somewhere between Compass and Zillow. Continue reading

Redfin CEO Glenn Kelman is stepping down from the company

After 20 years as CEO of one of the largest companies in real estate, Kelman says he now plans to find a role outside of the industry. Continue reading

Washington to consider requiring all listings to be marketed publicly

INMAN EXCLUSIVE: A draft bill in the Washington State Legislature appears to be the next staging ground for the fight over how real estate listings are marketed. Continue reading

Docs offer inside peek at Compass’ war against ‘organized real estate’

“If we had twice the market share … you can’t bully us anymore.” A trove of new documents sheds light on Compass’s fight with Zillow. Continue reading