Industry News

Stephen Miran warns of an “urgent” need for cuts — and wants the Fed to go big at its next meeting. Plus, a key housing bill advances; CFPB nears its final days

The brokerage CEO says agents are being asked to give up their rights. The MLS perspective? We’re putting “money back in the pockets” of those who provide data.

As climate disasters increase, insurers are retreating, leaving homeowners with fewer, costlier options — and causing home sales to fall out of contract.

Russ Cofano, a former proptech CEO and eXp president/general counsel, has teamed up with real estate marketing leader Amit Kulkarni to form Alloy Advisors.

The judge denied the portal’s request to further depose Robert Reffkin, however. Separately, Zillow says Compass hasn’t offered “evidence of irreparable harm.”

Plus, Nosalek attorneys get paid, and the San Diego Association of Realtors’ ex-CEO nears a deal in his wrongful termination lawsuit.

Plus, HUD rolls out politicized messaging about the government shutdown; NAR pushes for a quick resolution amid “potential real-life impacts” on real estate.

The portal asked for another 2-hour deposition following Compass’ acquisition of Anywhere. Separately, Zillow’s hearing request in a copyright case was granted.

Tech and brokerage leader Stacey Onnen joins HomeSmart; MBA announces 9 promotions as COO Marcia Davies prepares to leave; Kimber White now president at NAMB.

On Oct. 1, Rocket Companies completed its $14.2B acquisition of mortgage rival Mr. Cooper, calling it “the largest independent mortgage deal in history.”

The legal action brought by attorneys general in Arizona, Connecticut, New York, Virginia and Washington state comes a day after the FTC filed its own lawsuit.

In an unsigned order, the Supreme Court delayed until January its decision on the president’s attempt to immediately remove Cook.

The federal agency alleges the real estate giants broke antitrust laws when Zillow paid $100 million to become Redfin’s exclusive multifamily listings provider.

In a letter asking the court to transfer the case, Zillow says the lawsuit over listing photos is a “calculated attempt” by CoStar to “weaponize” litigation.

Though most of the photos initially flagged in a July 30 lawsuit were removed, CoStar alleges Zillow is now displaying 4,618 additional CoStar-owned images.

Millions of homebuyers could seek tens of billions in monetary relief if a court grants class certification in a case that mirrors Sitzer/Burnett and others.

With no more written objections allowed, the dates are set for final settlement hearings in two key commissions cases. Up first: Nosalek on Sept. 29.

The industry might not feel a direct impact, but a shutdown could intensify economic concerns that have slowed market activity for months. Plus: Fed, FHFA news.

Amanda Whitehead joins NAR "as part of our strategic efforts to continue to add and prove value to Realtors," said CEO Nykia Wright.

The Broker Public Portal has launched Cribio, a search platform with a consumer-first mandate that shares data back to its broker and MLS owners.