Zillow’s listing standards policy may have only been in effect for one day, but Eric Johnson, a Boston-based Compass agent and team leader, said he has already seen an impact. “Our team has only received a warning so far, but I personally know several agents whose listings have already been banned,” Johnson, who leads Mission […]
How many listings have been impacted by Zillow’s new policy? Read More »
If you are familiar with ThePLS.com’s original antitrust suit filed in 2020 against the National Association of Realtors over NAR’s Clear Cooperation Policy (CCP), reading the new suit filed Tuesday might give you déjà vu. In its 31-page complaint filed in U.S. District Court in Los Angeles, the PLS notes that “Paragraphs 1-121 of this
Do you get déjà vu? The PLS sues NAR — again Read More »
Senate Republicans on Tuesday advanced President Donald Trump’s sprawling “Big Beautiful Bill” in a last-second flurry that required Vice President JD Vance to cast a tie-breaking vote. All 47 Senate Democrats voted against the bill, with Republicans Susan Collins, retiring Thom Tillis and Libertarian deficit hawk Rand Paul joining them. The bill now goes back
Housing industry cheers Senate passage of the ‘Big Beautiful Bill’ Read More »
Despite growing attention around all-cash transactions, most Americans — especially first-time buyers — continue to finance their home purchases, according to new data from the National Association of Realtors (NAR). Among primary residence buyers, 74% financed their home purchase in 2024. That share jumps to 91% for first-time buyers, said Jessica Lautz, NAR’s deputy chief
NAR: Homebuyers still have down payment misconceptions Read More »
The U.S. Conference of Mayors formally endorsed a bipartisan statement to support the Let America Build campaign — a housing policy initiative backed by Realtor.com — during the organization’s annual meeting in Tampa on Sunday. The resolution — introduced by Austin Mayor Kirk Watson — acknowledges the mounting housing affordability crisis, and it calls for
Mayors back Realtor.com’s campaign to address the housing crisis Read More »
When the National Association of Realtors’ (NAR) agreed to implement mandatory buyer representation agreements as part of its commission lawsuit settlement agreement, the trade group said it was in the name of increased transparency. It’s with this same goal in mind that Northwest MLS (NWMLS) said it chose to implement referral fee disclosures. “Northwest MLS
Are broker-to-broker referral fees next in the real estate hot seat? Read More »
As American demographics shift, so do the priorities of homebuyers, and pets are playing an increased role in real estate decisions. “Did you know there are more households with pets than children?” Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors (NAR), wrote in a recent blog post.
More pets than kids: The increased role of animals in real estate Read More »
In a move that’s unsurprising, U.S. District Court Judge Stephen Bough has granted final approval to 15 more commission lawsuit settlement agreements. Bough granted final approval to settlements negotiated in the Gibson and Keel suits during a joint hearing on Tuesday afternoon. The settling defendants in the two suits, both of which are being overseen
15 commission lawsuit settlements gain final approval Read More »
While the more attention-grabbing parts of Compass’s complaint in its suit against Zillow included late night calls between Robert Reffkin and “co-conspirator” Redfin CEO Glenn Kelman, and a tense meeting with Zillow executives, the complaint also detailed the business impacts Compass is feeling as a result of Zillow’s policy. In the complaint, Compass claims that
Does Zillow’s policy really restrict Compass’s business? Read More »
The May existing-home sales report from the National Association of Realtors (NAR) shows sales at just 4.03 million, a 0.7% decrease year over year and up 0.8% compared to April. It was the slowest May for existing home sales since 2009 and the fourth consecutive month with a year-over-year decline in sales. Unsold inventory also continues
Inventory is rising, but existing home sales remain in a major slump Read More »