RISMedia

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. As of Thursday, May 28, mortgage rates remained elevated compared to past months, but still fell to their lowest point since May 14. However, the overall elevated stature has seen mortgage application activity decrease…...

Inflation in April rose to 3.8% year-over-year, up from 3.5% in March, according to the Personal Consumption Expenditures (PCE) Index, released May 28, which is the Federal Reserve’s preferred gauge of inflation. That likely puts a damper on the Fed lowering interest rates, as their stated goal has always been to have inflation around 2%.…

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CoStar Group announced it has entered into a definitive agreement to acquire Zonda, a leading provider of new home construction data, builder software and residential real estate marketplaces, in an $800 million all-cash transaction.  According to a release, the acquisition significantly expands CoStar Group’s footprint into the homebuilding sector and adds Zonda’s widel...

On May 12, in federal court in Chicago, Zillow sued Compass and the listing service MRED under the Sherman Act, alleging coordinated conduct to restrict access to listing data. Four days earlier, Compass had terminated all its direct listing feeds to Zillow nationwide, cutting Zillow’s direct-feed access to more than a quarter of Chicagoland’s active…

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Above, from left to right: Tamir Poleg, Erik Carlson and John Featherston When The Real Brokerage announced its acquisition of REMAX for $880M on April 27, another shockwave jolted the industry, triggering uncertainty for those brokers and agents affiliated with the two firms, as well as for the industry at large. During an exclusive RISMedia…

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