Consumers listing a $400,000 property for sale could save up to $10,000 in broker fees by using a “low-fee” brokerage firm, according to a report published Monday by the Consumer Policy Center (CPC). The report, written by CPC fellows Stephen Brobeck and Wendy Glich, examined both flat-fee brokers (who list a property on the MLS […]
Low-fee brokerages could give home sellers considerable savings Read More »
Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends impacting mortgage and real estate. Here’s what happened this week: UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending At HousingWire’s The Gathering, United Wholesale Mortgage Chief Technology Offficer Jason Bressler challenged fears about
Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities Read More »
EliseAI is finalizing a partnership with Zillow Rentals to embed its conversational artificial intelligence (AI) technology directly into multifamily rental listings on the Zillow platform. The integration is expected to launch in the third quarter of 2025. Branded as AI Assist, Powered by EliseAI, the new feature will incorporate the company’s LeasingAI technology, which offers
EliseAI to integrate conversational AI into Zillow Rentals listings Read More »
There are still three more weeks before Zillow’s new listing standards policy goes into effect, but Compass CEO Robert Reffkin is not wasting time pushing back against the policy. In a LinkedIn post on Monday, Reffkin claimed that Zillow no longer displays all MLS listings to prospective homebuyers. “Contact your agent regardless of their firm
The feud between Robert Reffkin, Zillow rages on Read More »
Real estate industry executives may not see eye to eye on the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), but there is one thing they do agree on — the vast majority of sellers receive the most benefit from listing transparency and broad exposure of their listings. “The average people that our agents
Brokers agree on broad exposure for real estate listings Read More »
Shilo.ai is going to have an easier time with product development thanks to a $2.6 million seed funding round. The AI assistant firm announced the funding round on Friday. The round was led by AZ-VC, Arizona’s largest venture capital fund, which was founded by Jack Selby, the managing director of Thiel Capital. “We’re not here
AI assistant Shilo closes $2.6 million seed funding round Read More »
The luxury housing market lost momentum in April as financial uncertainty prompted many high-end buyers and sellers to hold off on transactions, according to a new report from Zillow. Defined as the top 5% of home values in each region, the typical luxury home in the U.S. is now valued at about $1.8 million. Despite
Zillow: Luxury housing market slowed in April Read More »
As the spring homebuying season ramps up, prospective buyers in the Northeast are facing fierce competition, while shoppers in the Sun Belt are finding more negotiating power, according to new data from Zillow. The analysis released Thursday shows a stark contrast between markets. In cities like Buffalo, New York; Boston; Hartford, Connecticut; and Providence, Rhode
Zillow: Northeast housing competition heats up while Sun Belt offers breathing room Read More »
Zillow will begin a “phased rollout” of its listing access standards policy, which bans publicly marketed listings not entered into the MLS, on May 28. In a blog post on Tuesday, Zillow offered agents some clarifications and guidance on its new policy and how it will be implemented. “Publicly marketed listings should be entered in
Zillow will begin banning noncompliant listings on June 30 Read More »