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Compass CEO Reffkin: Fears over agent commissions ‘have simply not materialized’

Housing Wire

Compass also said it is not seeing any changes in new listings with regard to commission offers, whether on the Compass platform or on multiple listings services (MLSs). Technology continues to be top of mind for the company, as it laid out a vision for its proprietary platform.

Agents 448
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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, and deceptive tab that consumers do not see.” billion visits.

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U.S. Homes Selling at Slowest Pace Since 2019

Appraisal Buzz

As new listings increase and mortgage rates declineat least somewhatfrom their peak in early January, the market should pick up steam in the upcoming weeks. Active listings 889,202 11.3% (smallest increase in nearly a year) Months of supply 5.2 +0.3 26) Essentially unchanged Google Trends Key Housing-Market Data National U.S.

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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

They need new listings and they are so desperate that they might take a fraudulent listing.” As AI technology continues to develop with improvements to things like deep fakes and voice cloning, Adams said it is going to be even easier for fraudsters to seem legitimate and build trust with victims. “You It is brute force.

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Zillow teams with First Street to provide homebuyers with climate risk data

Housing Wire

of new listings in August have a major risk for extreme heat, while 33% are at risk of extreme heat exposure. New listings in the Midwest hold the least amount of climate risk, according to Zillow. According to the analysis, more than 80% of buyers are now considering climate risks when purchasing a home.

Insurance 468
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Japanese builder Sekisui House to acquire MDC for $4.9B

Housing Wire

According to Mike Simonsen, president and founder of Altos Research, “Home sellers are starting to ease back into the market,” and “new listings are finally exceeding the levels of a year ago.” ” Regarding the U.S.

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Housing inventory is still at a crisis level

Housing Wire

That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventory”).

Inventory 448