Broker Public Portal appoints former RE/MAX exec as CEO

Dan Troup will lead a company founded by brokerages and MLSs, which aims to build an alternative to big portals such as Zillow and Realtor.com. Continue reading

Inflation stays flat in October, but shelter costs continue to rise

The index for shelter rose 0.3 percent between September and October and was up 6.7 percent year over year, according to CPI data released Tuesday.  Continue reading

Collabra appoints former Bright MLS exec to board of directors

David Charron joins Collabra’s board as the real estate technology and analytics company makes a bid to partner with more multiple listing services. Continue reading

Fueled by deals, new-home sales soar to highest level in 17 months

New-home sales rose 4.4 percent in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the U.S. Census Bureau. Continue reading

Bright MLS breaks with NAR policy on commissions

Starting Aug. 9, the nation’s second-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright. Continue reading

Home prices ticked up in April as market faced a mixed bag

One new figure shows home prices rose in April compared to March but fell year over year. Economists, however, are fairly upbeat. Continue reading

Inflation is falling. So what happens next? Here’s what economists say

The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates, economists said. But there are still warning signs. Continue reading

CoStar to sunset Homesnap brand this year as it transitions to Homes

The real estate juggernaut is sunsetting the Homesnap brand name and products by the end of the year in favor of transitioning users to its dominant residential real estate brand Homes.com. Continue reading

Frank Major, trailblazer who carved path as Bright MLS’s first CTO, dies

Frank Major was known for his kindness, brilliance and contributions to real estate innovation. “Like many of us, I will greatly miss his friendship,” Bright MLS CEO Brian Donnellan said. Continue reading

Joint venture owned by CRMLS, Bright begins selling MLS data 

REdistribute aims to aggregate and distribute data for MLSs and participating brokers, sell it to institutions — including government-sponsored entities — and share the revenue with brokers. Continue reading