Mortgage rate drop unlikely after strong June jobs report

The report beat analyst expectations by 37,000 jobs, curtailing hopes of a short-term rate cut in September. Several economists say mortgage rates will likely stay elevated and keep homebuyers on the sidelines. Continue reading

With an eye on future lawsuits, Compass formally repudiates CCP in letter to NAR and MLSs

CEO Robert Reffkin said the real estate brokerage doesn’t consider ‘any national NAR MLS rule impacting clients as binding,’ but will continue to train agents to comply with local MLS rules Continue reading

Sellers leave money on the table with privately sold listings

The data doesn’t lie: For the vast majority of sellers, the most effective and profitable way to sell a home is to list it publicly on the MLS, Windermere economist Jeff Tucker writes. Continue reading

How NAR, MLSs and Zillow use market power to serve themselves

Think these real estate industry mainstays are doing what’s best for members and real estate pros? Think again, authors and agents Hans and Steve Wydler write. Continue reading

Council of Multiple Listing Services hires Rene Galicia as its first COO

CMLS anticipates Galicia’s expertise in MLS policy will help guide members “through complex landscapes while championing transparency, efficiency, and pro-competitive practices.” Continue reading

This spring, East Coast agents see signs of emerging buyer’s market

Inventory is up and rates are down as fewer buyers face stiff competition and successfully find homes in less than a month, according to new data shared by BrightMLS. Continue reading

Sale notices go out to Remine’s creditors, MLSs

Any responses or objections to the $1.5 million deal must be filed with Delaware’s Chancery Court on or before May 1. Continue reading

Listings are quietly ‘commingling’ on Zillow again after 4-year hiatus

In most markets, the portal has resumed displaying non-MLS listings alongside other properties in spite of NAR’s no-commingling rule, the policy behind a lawsuit between Zillow and REX in 2021. Continue reading

Private listings negatively impact both buyers and sellers: Watchdog

Stephen Brobeck, senior fellow at the Consumer Policy Center, examines competing interests and competing policies to determine which will benefit consumers. Continue reading

Rounding up the latest on private listings, portal bans: The Download

There was no shortage of opinions following Zillow’s (and later, Redfin’s) ban on private listings marketed publicly. Continue reading