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At 10 a.m. Eastern Time on Monday, August 24, portal rivals Zillow and Redfin will face a judge in Virginia federal court, and defend against allegations from the FTC that the two companies essentially agreed to a buy-out where Redfin would stop competing on rental listings in exchange for cash ($100 million to be exact)…
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Higher mortgage rates, rising construction costs and economic uncertainty pressured housing affordability to reverse course in Q2, after showing improvement in the prior three quarters, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Cost of Housing Index (CHI) for Q2 found that a family earning the nation’s…
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California Regional Multiple Listing Service (CRMLS) has announced the launch of REcore Workspace, a redesigned and customizable platform created to help real estate professionals access data, manage their business and move through their workflows with ease and efficiency. Originally launched by CRMLS in 2023 as REcenterhub, the platform became the primary access point for u...
CoStar Group announced the completion of its $800 million acquisition of Zonda—a provider of new home construction data, homebuilder software and residential real estate marketplaces. The deal was first announced back in May. CoStar stated in a release that this acquisition expands the company’s presence across the residential real estate ecosystem, extending the company’s da...
Compass is back in the legal spotlight, this time as the defendant in a class action antitrust suit filed by New York City renters who allege the megabrand “monopolized” the New York metro market through its acquisition of Anywhere, and also restricted renters’ access to inventory by asking agents to divert listings off of Zillow’s…
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