NYC renters sue Compass over alleged monopoly, inflated rents
The antitrust lawsuit claims that the brokerage’s outsized market share in the city and its push to remove listings from portals has caused rents to surge.
Real Estate News
Objective, in-depth coverage of residential real estate news, data, technology and trends for real estate agents, real estate brokers and executives.
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CRMLS expands REcore tools; childcare info now on Redfin listings
REcore Workspace serves as a central hub for agent workflow management. Plus, Realtor.com integrates Opendoor offers; ATTOM adds AI agents; Knock enters Texas.
Higher mortgage rates expected for the remainder of the year
While rates dipped slightly this week, bond market volatility could mean a bumpy road ahead, and Fannie Mae is now forecasting rates at 6.8% by year-end.
Tuccori, Batton lawyers battle over fees
Attorneys in each case want about one-third of the $120M settlement fund. Plus, Zillow’s SCOTUS petition countered; NAR can’t compel The Agency to supply docs.
MoxiWorks adds sales exec; longtime Zillow leader departs
Shaun Harkley will step into his new role at the tech firm next month. Plus, Zillow’s VP of industry engagement leaves after nearly 20 years at the portal.
Appeals court upholds settlements in Sitzer/Burnett
The judges rejected each of the arguments made by the seven appellants, allowing the combined $876M in deals reached by NAR and major brokerages to stand.
Cooperation is a 2-way street, or it isn’t cooperation
In the fight over listings, a key question has been overlooked: Who can access MLS data, and what do they owe the marketplace in return? Here’s our answer.
Gary Keller breaks down economy’s ‘period of discontent’
It’ll take years to fix the housing deficit, and the ROAD act won’t provide immediate help — but people “should still be buying” homes, the KW co-founder said.
Pending sales, housing starts fell in July as rates climbed
Signed contracts were down on a monthly and annual basis in all U.S. regions, while single-family home starts slowed to the lowest level since November 2022.
Jenna Rozenblat named first president of Real REMAX Group
Rozenblat has served as Real’s chief operating officer since 2023 and will step into the new role once the acquisition closes, which could be just weeks away.
President, EVP out at REMAX after shareholders approve deal
Chris Lim and Travis Saxton had been affiliated with REMAX for about 1½ years and are leaving as The Real Brokerage acquisition of the franchisor takes shape.
Zillow RESPA case not over yet as amended filing narrows scope
The portal said it “will continue to defend this case with the same confidence we’ve had throughout, regardless of how many times the plaintiffs refile.”
KW offers agent tools to navigate growing modular housing space
Modular construction has the potential to “bring greater efficiency, consistency, and predictability” to home building, KW Modular’s community leader said.
Cape Fear Realtors appoints new COO; Rocket’s board expands
Donna King joins the North Carolina association’s C-suite effective immediately. Plus, Rocket adds Sarah Watterson to its board as an independent director.