MLS partnerships open up listings to 120k agents in the Southeast
The Southeast MLS Alliance and Coast 2 Coast MLS Data Share in Florida represent the latest initiatives to expand data sharing among MLSs.
October 2, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
- DOJ questions MLS PIN settlement, requests delayThis is the second time the settlement agreement reached by MLS PIN in the Massachusetts buyer-broker commissions lawsuit has come under fire.October 2, 2023
- In Focus: Lone Wolf forges ahead, prepares to unveil new platformThe real estate software company believes innovation is critical in a down market, says “there is always a way through.”September 30, 2023
- Zillow wins case over how it handles non-MLS listingsA jury decided that Zillow did not harm The Real Estate Exchange, known as REX, by moving its listings to a secondary tab with less traffic.September 29, 2023
- A win for Rapattoni as Cincinnati MLS members vote to keep itIn the wake of a cyberattack that knocked the Ohio MLS offline in August, the organization rushed to roll out a new system, but bugs frustrated agents.September 29, 2023
- Mortgage rates soar to 23-year highEven as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market."September 28, 2023
- Compass lands $5 billion firm in Central TexasThe acquisition of Realty Austin and Realty San Antonio will significantly boost Compass' annual sales volume in Texas.September 27, 2023
- Affordability driving Sun Belt moves, despite climate risksThe latest Redfin migration report found that more home shoppers are looking at lower-cost cities that have seen increasing climate-related dangers.September 27, 2023
- Case-Shiller: Home prices peaked this summerPrices in July topped last year’s high, but slowing demand due to elevated mortgage rates is expected to bring price declines and soften new home sales.September 26, 2023
- What happens to real estate when the government shuts down?Housing market impacts could include mortgage delays, declining consumer confidence and — perhaps — a small dip in mortgage rates.Updated September 29, 2023
- Amazon committing $40 million to support homeownershipThe tech giant announced its latest effort to promote housing, focused specifically on homebuyers.September 25, 2023
- NAR’s 'concrete actions' include outside counsel, task forceAn email sent by CEO Bob Goldberg to staff on Thursday promises an independent assessment of company policies and practices.September 22, 2023
- Attorneys scuffle over evidence as commissions trial approachesBoth sides in the Sitzer/Burnett case filed motions over the right to use — or exclude — evidence from parties who have already settled.September 21, 2023
- Mortgage rate relief? Not this yearRates inched up this week, and with Fed signals that interest rates will remain “higher for longer,” buyers may continue to face tough options.September 21, 2023
- Home construction slowed in August as builder confidence fellThe multifamily sector saw the largest monthly declines, but single-family starts were also sluggish as mortgage rates remained high.September 19, 2023
- 'Day of action' brings calls for change to NAR’s doorstepThe NAR Accountability Project and its allies laid out their four-point plan during an event outside the organization’s Chicago headquarters on Monday.September 18, 2023
- RE/MAX makes $55 million deal to settle commission lawsuitsThe settlement agreement leaves NAR, HomeServices of America and Keller Williams as defendants with an Oct. 16 trial date looming.Updated September 18, 2023
- As mortgage rates rise, so does buyer’s remorseCanceled deals impacted nearly 16% of homes under contract in August as elevated interest rates and home prices led to sticker shock for some buyers.September 15, 2023
- MLS-owned search platform adds South Florida listingsNestfully, a consumer home search site launched earlier this year by the country's two largest MLSs, expands coverage with new listings.September 15, 2023
- A fall reprieve unlikely as mortgage rates inch upWith inflation proving tough to tame, 7% mortgages may be the norm for a while.September 14, 2023
- What’s turning homeowners into sellers? Getting back to the officeA new Redfin survey found that a significant number of people who moved during the pandemic may need to move back, even if they lose money.September 13, 2023
- What do today’s inflation numbers mean for mortgage rates?Some called the latest report “disappointing,” but economists still expect a downward trend in the months ahead.September 13, 2023
- New tool aims to help agents win leads, sell listingsRealtor.com's newly launched Listing Toolkit is designed to get listing agents in front of more sellers and uplevel their listing presentations.September 13, 2023
- MLS PIN settlement approved by judge after initial concernsThe $3 million settlement in the buyer-broker commissions lawsuit will now move forward following updates to the terms of the agreement.September 12, 2023
- Home price growth picked up this summerCoreLogic found home prices in July were 2.5% higher than a year ago, up from 1.6% appreciation in the spring.September 12, 2023
- Are more settlements coming in the commission lawsuits?As the industry digests Anywhere’s decision to settle the Moehrl and Sitzer/Burnett cases, more such deals, and policy changes, emerge as likely outcomes.September 7, 2023
- Settle the commissions lawsuits? NAR says noAfter a major real estate company reached a settlement in the Moehrl and Sitzer/Burnett cases, NAR said its commitment to defend itself remains unchanged.September 5, 2023
- Anywhere reaches settlements in landmark commission lawsuitsThe company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.Updated September 19, 2023
- Transformative changes are coming, says retiring MLS leaderNWMLS CEO Tom Hurdelbrink says brokerage expansion is changing how MLSs operate, and lawsuits could spur an industry-wide “generational and tectonic shift.”September 2, 2023
- ICE, Black Knight merger on track to close next weekFollowing an FTC settlement in which Black Knight agreed to sell off a portion of its company, the deal is set to close on Sept. 5.September 1, 2023
- NAR stands with CEO amid turmoilNAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.August 31, 2023
- Mortgage rates level off but remain above 7%The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.August 31, 2023
- Buyers will drop agents who aren't showing their valueA survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.August 31, 2023
- Pending home sales up for a second month but still sluggishPending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.August 30, 2023
- High home prices in June foretold a tough summer for buyersThe latest Case-Shiller data found that prices continued to creep up through June, returning to peak levels. But things may shift this fall.August 29, 2023
- NAR president resigns in the wake of sexual harassment allegationsJust two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.Updated August 28, 2023
- Allegations paint picture of sexual harassment, ‘culture of fear’ at NARA New York Times article details complaints from women about NAR and its president's “predatory” behavior.August 26, 2023
- Zillow acquiring title company after shuttering closing divisionThe purchase of Spruce will allow Zillow to build “a tech-forward, high-volume title company for the future,” the company said.August 25, 2023
- Mortgage rates surge to new heightsFor the fifth straight week, 30-year mortgage rates went up, hitting 7.23% — the highest level since 2001.August 24, 2023
- New home sales still hot, but will fall bring a chill?New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend.August 23, 2023
- MLSs are coming back online after 2 weeks in the darkRapattoni is gradually restoring service following a cyberattack that shut down the MLS service provider on Aug. 9.August 22, 2023
- KW to slash profit sharing for former agentsStarting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%.August 22, 2023
- RE/MAX to reduce workforce by 7%In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.”August 21, 2023
- New homes shrink as costs of buying growThe median square footage for a home under construction — now 2,191 — has hit its lowest point since 2010.August 21, 2023
- eXp agents facing 'catastrophic' Rapattoni outage get Northstar fixMore than 4,000 eXp Realty agents in 12 markets will be helped by NorthstarMLS, which has offered to assist other major companies as well.August 19, 2023
- Mortgage company, brokerage fined nearly $2 million for 'kickbacks'The Consumer Financial Protection Bureau fined Freedom Mortgage $1.75 million and Realty Connect $200,000 for providing illegal incentives for loan referrals.August 18, 2023
- Mortgage interest rates hit highest level in more than 20 yearsAfter a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.August 17, 2023
- Zillow scores victory in REX case ahead of trialA judge has ruled an antitrust claim was without merit, a key component in a federal case involving how portals display non-MLS real estate listings.August 16, 2023
- Upward mobility isn’t cheap for U.S. homebuyersA new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.August 14, 2023
- 3 things to know about REX’s lawsuit against ZillowWhen the case goes to trial next month, NAR policies on IDX feeds — which Zillow began using in 2021 — could be put to the test.August 14, 2023
- Want to get top dollar for your seller? Stick with the MLSTwo regional studies of home sales found that properties listed on the MLS sold for significantly more than homes sold off-MLS.August 11, 2023
- Mortgage rates return to peak levels, inflation ticks upAverage rates reached 6.96% again after rising three weeks in a row, and after falling last month, inflation crept back up.August 10, 2023
- Real reaches profitability milestone in Q2Despite a net loss of just over $4M, the company increased revenue by 65% and reported EBITDA profits for the first time, while also doubling agent count.August 9, 2023
- Appraisal fairness improving, reversing a decade-long trendA new analysis of federal data found that the racial home appraisal gap has narrowed since the formation of the PAVE task force.August 9, 2023
- Compass improving its bottom line despite continued lossesThe brokerage lost $48 million in Q2 — an improvement after substantial losses in Q1 — and the company emphasized its free positive cash flow.August 7, 2023
- NAR membership up even as transactions declineMember count increased by more than 6,500 in July, but the "fiercely competitive business environment" could spur attrition in the coming months.August 6, 2023
- MARIS buys into MLS joint ventureThe Midwestern MLS, which covers parts of Missouri and Illinois, is investing in REdistribute, a data revenue-share program.August 4, 2023
- eXp delivers a profitable second quarter — and adds agentsThe company reported a net income of $9.4 million, slightly below expectations, while its agent count grew by 7%.August 3, 2023
- Mortgage rates approach 7% following U.S. rating downgradeFreddie Mac put the average 30-year fixed-rate mortgage at 6.9% this week, just below the peak seen in mid-July.August 3, 2023
- HomeServices of America loses appeal in commissions caseThe Eighth Circuit Court of Appeals upheld a ruling denying HSoA’s motion to force arbitration in the Sitzer/Burnett case, scheduled for trial in October.August 3, 2023
- Zillow revenue exceeds expectations, bolstered by rentalsOverall revenue was up from Q1 and slightly higher year-over-year, but net losses continued to mount.August 2, 2023
- As buyers move farther away, agents need to be ready for themNAR’s midyear forecast touched on a variety of trends, highlighting increased moving distances as a notable recent change.August 2, 2023
- Why MLSs should play up their value to consumersEmily Chenevert, CEO of ABoR and the newly rebranded Unlock MLS, wants Austin buyers and sellers to associate "MLS" with more than just soccer.August 2, 2023
- New CEO addresses San Diego Realtors amid turmoilIn a letter to members, Cory Shepard vowed to lead the organization into a new chapter after the former CEO was accused of embezzlement.July 31, 2023
- Luxury market split: West Coast prices drop, East Coast upNationwide, luxury home prices are still on the rise, but several Western cities have experienced double-digit declines in the past year.July 31, 2023
- Why do sellers pay buyer-broker commissions?The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?July 28, 2023
- Mortgage rates move closer to 7%The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.July 27, 2023
- Rentals can be a ‘perfect hedge’ during a slow marketThe property management platform RentSpree is seeing an uptick in real estate agent customers as for-sale inventory remains limited.July 27, 2023
- Home equity reaches a 4-year highThe percentage of equity-rich homes hit 49% in the second quarter, rebounding after a decline earlier in the year.July 26, 2023
- After pausing in June, the Fed hikes rates againThe benchmark rate is now in the 5.25-5.5% range, the highest level in 22 years.July 26, 2023
- Another strong quarter for CoStar as revenue, site traffic climbsThe commercial and residential real estate giant continues to grow revenue and income while also investing in Homes.com.July 25, 2023
- Commissions lawsuits continue to progress in the US, CanadaThe defendants in several major lawsuits have not gained any ground this summer as the first case moves toward trial in less than 3 months.July 24, 2023
- Bright MLS to allow $0 buyer broker commissionsThe nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.”Updated July 21, 2023
- Mortgage rates post biggest weekly drop in 3 monthsThe 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.July 20, 2023
- It’s a tough market — but a profitable one for sellersThe latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.July 20, 2023
- Top strategy exec returns to Compass after 2 years awayMark A. McLaughlin is back at Compass as the company’s chief real estate strategist. He left the company in 2021 to pursue consulting opportunities.July 19, 2023
- Builder confidence is up as more buyers opt for new homesWhile rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.July 18, 2023
- Foreclosures trending up but well below crisis levelsMore than 185,000 properties had foreclosure activity in the first half of 2023, up 13% from last year.July 18, 2023
- Could manufactured homes be the next big thing in housing?Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.July 13, 2023
- 3 things to know about IDX and listings accessAfter Howard Hanna announced it was dropping IDX, the listings feed service has been a hot topic. But how does it work, and why does it matter?Updated July 13, 2023
- Bringing back the dream for California’s first-time buyersThe state’s "Dream for All" down payment assistance program has received more funding after quickly running out of money earlier this year.July 11, 2023
- Hanna’s move to limit listings: Conversation starter or something more?The country’s largest independent brokerage recently pulled out of IDX in the Cleveland area, touching off widespread discussion. Will its approach catch on?July 7, 2023
- Mortgage rates tick up as economy continues to show strengthThe 30-year fixed-rate mortgage averaged 6.71% this week, snapping three straight weeks of declines.June 29, 2023
- Homeownership, affordability gaps persist as prices remain highHarvard's annual housing report found little change in the racial homeownership gap as prices rise and supply stagnates, but federal programs may help.June 23, 2023
- 'What-if' scenarios in the commissions lawsuits, and how to prepare for themAs several buyer agent compensation cases work their way through the court system, it’s time for brokers and agents to come up with a plan.June 16, 2023
- Low inventory fueling a hot market, for the few who are in itHome values are up, and so are bidding wars, according to the latest Zillow market data.June 13, 2023
- Homeowner equity declines but is still riding highHome equity dipped last quarter for the first time in a decade, but big gains in recent years have kept most homeowners squarely in the black.June 8, 2023
- Federal plan aims to root out racial bias in home appraisalsThe PAVE task force, a joint venture of HUD and other agencies, presented an action plan to address appraisal bias and increase diversity in the industry.June 2, 2023
- Mortgage rates jump, but debt deal should reduce pressureThe 30-year fixed-rate mortgage surged by nearly a quarter point this week to reach the highest level since November.June 1, 2023
- 3 things to know about the commissions class action lawsuitsAs the Moehrl and Sitzer/Burnett buyer-broker compensation lawsuits move forward, these key details can help real estate pros understand the basics.Updated September 22, 2023
- Mortgage rates rise amid debt ceiling dramaThe 30-year fixed-rate mortgage rose to 6.57%, according to Freddie Mac’s weekly survey, while a daily survey put rates above 7%.May 25, 2023
- Big ups, big downs widen the home price gap across the U.S.A new Redfin report found that the difference in home price growth (or declines) among metro areas is nearly the largest it's been in three decades.May 24, 2023
- Mortgage rates inch upward but remain relatively stableThe 30-year fixed-rate mortgage has teetered between about 6.3-6.4% in recent weeks, a possible sign that rates are leveling out.May 18, 2023
- FHFA decides to scrap new debt-to-income ratio feesThe fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.May 10, 2023
- Compass loses $150 million, but finds reasons for optimismWith the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.May 9, 2023
- Zillow improved revenue, reduced losses despite annual declinesThe Seattle-based company beat analyst expectations for the first quarter and is entering a crucial period as it unveils new products.May 3, 2023
- Interest rates continue downward trend, but what’s next is unclearThis week's rate of 6.13% is nearing a level where it may create some demand, particularly from first-time homebuyers.January 26, 2023
- 'Don't get complacent': Realty ONE sets sights on further growth, new marketsEven as the market was slowing, Realty ONE was continuing to add offices. It’s something Founder and CEO Kuba Jewgieniew is planning to do more of in 2023.January 26, 2023
- SP 200: A new leader rises to the topThe Swanepoel Power 200, the definitive ranking of the most powerful leaders in residential real estate, names a new No. 1 for 2023.January 10, 2023
- Former KW CEO sues brokerage, Gary Keller for $300 millionJohn Davis, who resigned from Keller Williams in 2019, said the company and its founder have tried to ruin his reputation.Updated September 29, 2023
