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Elizabeth Warren calls Pulte out for social media attacks on Powell
In July alone, 114 posts raise "significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner," Senator scolds Fannie, Freddie regulator.
Rocket Lays Off 2% of Staff Following Redfin Acquisition
Just a few weeks after acquiring Redfin for $1.75B, Detroit-based Rocket Companies last Friday laid off 2% of its workforce. As of December 31, 2024, Rocket Companies, owner of Rocket Mortgage, had 14,263 employees, down from 14,700 a year earlier. “On Friday, July 11, Rocket announced a workforce reduction impacting about 2% of our team,”…
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Douglas Elliman dragged to court amid wrongful termination claim
A former employee of Portfolio Escrow — a firm Douglas Elliman acquired in 2020 — says she was fired after raising concerns. But the company accused the former employee of embezzlement.
Elevating the Client Experience
Above, Alexandria Smith When Alexandria Smith saw the real estate industry beginning to shift, she didn’t wait to adapt—she doubled down on her commitment to service. The Richmond, Virginia-based associate broker and team lead with Brent & Legacy at Long & Foster Real Estate knew that thriving in an evolving market meant leading with clarity,…
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IBuyer shares are soaring as investors continue buying frenzy
Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July.
Century 21 Real Estate to Host Fourth Annual International Week of Giving
Century 21 Real Estate LLC has announced the launch of its fourth annual International Week of Giving, a global initiative that unites the CENTURY 21® System in a shared mission to give back to the communities they serve. During the week of July 28 – August 1, Century 21 stated it will showcase the brand’s independent…
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Rayse Announces Seller-Focused Solution for Listing Agents
Rayse, a real estate transparency platform launched in 2024, has announced the expansion of its product line to now include a new seller-facing module designed specifically for listing agents and their seller clients. The addition supports Rayse’s mission to help agents demonstrate their value while enhancing transparency for consumers throughout the real estate transaction, the…
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loanDepot Accused of Steering, Loan Officer Compensation Violations in Federal Class-Action Lawsuit
A group of mortgage borrowers has filed a federal class-action lawsuit against one of the nation’s largest mortgage lenders, alleging it systematically violated federal loan officer (LO) compensation rules to boost profits ahead of going public, according to a federal complaint filed July 15 in the U.S. District Court for the District of Maryland. The…
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Zillow Finds Highest Inventory in Years, With Balanced Market in Sight
Homebuyers choosing to hold back from entering the market might be creating the very market that they would benefit from, per the latest findings from Zillow. The portal’s latest report finds that—between more sellers entering the market and new construction bolstering listings while buyers are sitting out—competition among buyers has reached its lowest point of…
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Zillow Finds Highest Inventory in Years, Balanced Market in Sight
Homebuyers choosing to hold back from entering the market might be creating the very market that they would benefit from, per the latest findings from Zillow. The portal’s latest report finds that—between more sellers entering the market and new construction bolstering listings while buyers are sitting out—competition among buyers has reached its lowest point of…
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Court Report: Zillow and Compass Spar over 39,000 Documents; Homie’s Lawsuit Dismissed
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Homie lawsuit against NAR and large brokerages dismissed In August 2024, Utah-based Homie Technologies, which was founded in 2015 offering a flat fee for home sellers rather than a commission rate, filed an antitrust lawsuit…
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