news aggregator

CHICAGO—The CEOs of Compass and Midwest Real Estate Data (MRED) each testified Thursday that Zillow executives threatened them directly over their companies’ resistance to its listing access standards, with MRED CEO Rebecca Jensen recounting a Zillow executive’s warning that she could expect her “phone to be dumped” and all of her “text messages to get…

The post Compass, MRED CEOs Say Zillow Used Lawsuit as Threat appeared first on RISMedia.

Above, from left, Mike Hickman, Chris Trapani, Dava Davin, Brad Clayton and Kate Reisinger While industry consolidation is triggering concern for some, many independent brokerages are saying, “bring it on.”  In an upcoming session at RISMedia’s CEO & Leadership Exchange, being held Sept. 30-Oct. 2 at the Fairmont Georgetown in Washington, D.C., MLS leaders will…

The post The New Indie Playbook: Why Carving Your Own Path Can Be the Ultimate Advantage appeared first on RISMedia.

Compass has announced the launch of “Home Platform,” its end-to-end AI-powered technology platform for real estate professionals, in what company President of Growth Rory Golod called “its single most important innovation in our business.” Compass said the deployment, now rolling out across the mega-brand’s company-owned brokerage brands, represents a historic milestone that Golod promised in…

The post Compass Rolls Out AI-Powered ‘Home Platform’ Across Company-Owned Brokerage Brands appeared first on RISMedia.

I started my first software company in 1983. I remember when Apple released the first mouse. The other day I was talking with my business partner, Brad Clayton, and he asked me where I thought AI was going. I said: “I’ve seen this movie before.” What’s happening with AI right now really reminds me of…

The post I’ve Seen This Movie Before appeared first on RISMedia.

The average 30-year-fixed mortgage rate dropped to its lowest level in seven weeks, but is still hovering in the mid-6% range, indicating to economists that buyers–mainly in the higher-income bracket–are coming to terms with this rate environment as the new normal.  The average 30-year fixed mortgage rate decreased 6 basis points to 6.43% from 6.49%…

The post Mortgage Rates Edge Down, Mark Lowest Level Since Mid-May appeared first on RISMedia.

Job growth trended downward and came in below expectations in June, per the latest findings from the U.S. Bureau of Labor Statistics. This adds another data point as the Federal Reserve moves to consider adjusting interest rates in coming months; in previous months, the Fed has been caught between both rising inflation and a weak…

The post Job Growth Declines in June, Economists Suggest Cautious Optimism for Housing appeared first on RISMedia.