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Realtracs Follows MRED; On Track to Suspend Zillow’s Feed on June 1
In a bold move that underscores deepening tensions between MLSs and major real estate portals, Realtracs—in an email sent to its members Wednesday morning—has announced that it intends to cut off Zillow’s access to its MLS data feed effective June 1. The decision comes after Zillow allegedly refused to comply with the new IDX display…
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How Real Estate Pros Defuse the Stressors of Today’s Real Estate Industry
As if the usual residential real estate flashpoints of fluctuating interest rates, affordability and inventory issues in many parts of the country weren’t enough to worry about, now agents must keep a watchful eye on the potential effects of market interrupters such as the tensions in the Middle East and jobs-swallowing AI. Many experienced Realtors®…
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‘Threading the Needle:’ Bright MLS Execs Talk Compass, Private Listing Laws and the Future of Cooperation
Above, Brian Donnellan, left, and Brian Schneider In an op-ed published earlier this month, Brian Donnellan, CEO of Bright MLS, referred to much of the recent industry upheaval as “noise.” Partnerships, consolidations, new entrants—all things that “sidestep” issues that directly affect real estate professionals, he argued. Also in that op-ed, Donnellan revealed that Bright was…
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MLS Leaders React as Their States Restrict Private Listings
Private listings and networks remain a hot-button issue in real estate, one where sharp lines are being drawn—with MLSs playing a critical role. Recently, Compass announced a partnership with Midwest Real Estate Data (MRED) to bring that MLS’s private listing network nationwide. Other MLSs, such as Tennessee’s Realtracs, have also gone national, even if the…
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Piece of Jack London’s Sonoma Valley historic ranch listed at $2.3 million - The Press Democrat
Piece of Jack London’s Sonoma Valley historic ranch listed at $2.3 million The Press Democrat
Court Grants Preliminary Approval of Buyer Settlements
A federal judge in Chicago has granted preliminary approval to settlement agreements with more than 20 real estate companies in a major antitrust lawsuit filed by recent homebuyers challenging commission practices in the residential real estate market. On May 26, U.S. District Judge Lindsay C. Jenkins approved opt-in agreements in the case Tuccori v. At…
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A 2nd major MLS says it will shut off Zillow’s listing feed
The threat comes one week after the MLS in Chicago shut off Zillow's listings feed in the nation's third largest city.
The Zillow vs. MLS war exposes the industry’s biggest weakness
Is Compass wrong? Is Zillow off base? It doesn’t matter. They’re not the villains; old thinking and outdated assumptions are, coach Verl Workman writes.
Stoneshield sets Southern European fundraising record with latest close - Private Equity Real Estate | PERE
Stoneshield sets Southern European fundraising record with latest close Private Equity Real Estate | PERE
Rental concessions more than double pre-pandemic rate
Rental concessions have more than doubled since before the pandemic, with nearly 2 in 5 listings now offering free rent, waived fees or discounted move-in costs — handing renters their strongest negotiating position in years, according to a new Zillow analysis.
Luxury Presence surpasses $100M in annual recurring revenue
Luxury Presence has crossed $100 million in annual recurring revenue, now serving more than 100,000 agents across nearly 20,000 real estate businesses.
