MLSs opt out, work around, push back at new rules: The Download

MLSs rethink rules and develop new policies in the face of upcoming changes to their ability to post compensation information. Continue reading

Bright MLS will allow sellers to offer concessions upon listing

In response to NAR’s proposed settlement, the nation’s second largest MLS will add data fields on June 11 allowing sellers to signal they’re willing to offer buyer concessions when they list a home. Continue reading

US inventory rises to highest level since 2022 as new-home sales fall

Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data. Continue reading

Ohio multiple listing service MLS Now appoints new CEO

Garry Marsoubian previously held a leadership position at Bright MLS and has experience working with multiple listing services’ data and technology. Continue reading

Existing-home sales rose 9.5% amid winter inventory boost

Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.5… Continue reading

Home prices hit high in December as ‘solid, steady growth’ wins out

Home prices rose 5.5 percent on an annual basis in December, up from 5 percent in November, according to dueling data points released Tuesday by S&P Global and the Federal Housing Finance Agency. Continue reading

Mega MLSs, but not NAR, settle pocket listing suit

CRMLS, Bright MLS and MRED told the U.S. District Court of the Central District of California’s Western Division they had reached a deal “in principle” with ThePLS.com. Continue reading

Collabra and Bright MLS team to give agents ad tech

Bright MLS subscribers will now get free access to Collabra’s AdBuilder and SphereIndex tools, which can be used within Bright’s platform. Continue reading