The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and Iran war-related disruption. Excluding food and energy (so-called “core inflation”), the headline PCE price index increased by 0.3%, according to the latest report from the Bureau of Economic Analysis. Year-over-year, the PCE price index increased…
When Nick Van Assche set out to grow Sea Glass Properties into a full-fledged franchise operation, he knew that vision without infrastructure was just a dream. As a partner at the Virgin Islands-based brokerage with 140-plus agents that has sold over $2.4B of resort/lifestyle/second-home real estate and an emerging franchisor with ambitious expansion plans, Van…
A federal judge has ordered two of the real estate defendants in the high-stakes Taylor v. Zillow class-action lawsuit to resolve their claims through arbitration, effectively pulling them out of court proceedings for now. U.S. District Judge James L. Robart granted a motion to compel arbitration filed by Real Broker, LLC and Florida-based Frano Team…
A federal antitrust lawsuit challenging the National Association of Realtors®’ (NAR) mandatory membership structure is heading to appeals court after a Michigan district court judge threw it out earlier this year. Plaintiffs Douglas Hardy, Glenn Champion and Dylan Tent—Michigan-based brokers and agents—filed their opening brief June 19 with the U.S. Court of Appeals for the…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judge denies CoStar’s amicus brief in Zillow MRED Compass case On June 10, CoStar requested to file an amicus brief—a brief filed by a non-party, or a “friend of the court”—in the U.S.…
Northwest MLS (NWMLS) on Thursday, defended its countersuit against Compass in the Western District of Washington, urging Judge Jamal N. Whitehead to allow the MLS’s fraud, Consumer Protection Act and tortious interference claims to proceed against the mega-brokerage in a high-profile battle over MLS policies that is likely to reverberate across the industry. Responding to…
In his first Federal Open Market Committee (FOMC) meeting as Fed Chair, Kevin Warsh held rates steady and announced the formation of five task forces to review the Fed’s operations. He also stripped forward guidance from the policy statement entirely. The FOMC voted to maintain the federal funds rate at 3.5% – 3.75%, citing solid…
Bed Bath & Beyond is seemingly going well beyond the bath—and the bed—with a deal to acquire real estate brokerage Fathom Holdings. The all-stock transaction values the tech-driven brokerage at roughly $53 million and is designed, the companies say, to build the “nation’s first end-to-end homeownership platform.” The announcement comes just one day after Fathom’s…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC lawsuit cost Zillow shareholders millions, new suit alleges A Zillow shareholder filed a securities class action in the Western District of Washington on June 9, alleging the company and its top executives…
For Danny Hernandez, real estate has never been only about closing deals—it’s about the families on the other side of them. Over 36 years in the industry, he has helped thousands of them reach the closing table, an experience that now informs how he leads Realty ONE Group’s expansion beyond U.S. borders. As Vice President,…
In the age of TikTok, hyper-polished, overly-produced videos are a thing of the past. Today’s most effective social media content is simple, scrappy and all you need is your phone. Read more.
