Following the groundbreaking announcement that Compass is acquiring Anywhere Real Estate, both companies are proclaiming “business as usual” while the industry digest the major deal. Compass Founder and CEO Robert Reffkin shared several remarks in company email communications following the announcement, primarily noting that nothing will be changing when it comes to the two brands.…
The Federal Reserve has announced its first interest rate cut since December 2024, pointing toward a degrading job market as a strong reason for the shift in stance. The Federal Open Market Committee (FOMC) announced at its September meeting today that it is cutting interest rates by a quarter-percentage point to 4% – 4.25%, a…
Above, Monica Riga Monica Riga Broker/Co-Owner Weichert, REALTORS® – Southern Coast Myrtle Beach, South Carolina https://www.weichertcarolina.com Region served: Coastline of North and South Carolina Years in real estate: 25 Number of offices: 3 Number of agents: 92 Favorite part of your job: Seeing my agents succeed. In what ways do you see the industry and…
Above, from left, Brad Bjelke, Dionna Hall, Michael Wurzer, Merri Jo Cowen and Brian Donnellan. Photo by AJ Canaria. The MLS industry has faced some major shifts over the last couple of years, changing the landscape significantly and pushing for a lot of changes in how an MLS does business. The panel “Upheaval and Progress on…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. New Sitzer/Burnett evidence rejected The U.S. Court of Appeals for the Eighth Circuit court has rejected any new evidence introduced in the appeal process of the National Association of Realtors®’ (NAR) settlement. Throughout…
Following a lawsuit from CoStar (Homes.com’s parent company), Zillow has begun to remove images alleged of copyright infringement from its platform. Zillow sent out notifications to partners Thursday, Sept. 4 that the images would start being removed within the next couple of days, according to a company spokesperson. CoStar originally filed the copyright lawsuit against…
Above, John Featherston and Nykia Wright at a one-on-one session at RISMedia’s 2025 CEO & Leadership Exchange Washington, D.C.—In the wake of a period of turmoil for the organization, National Association of Realtors® (NAR) CEO Nykia Wright said in an incisive one-on-one discussion with RISMedia Founder and CEO John Featherston that much of the loss…
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. – Caliber Home Loans has been fined by the California Department of Financial Protection and Innovation (DFPI) for overcharging California borrowers. The DFPI found that in 2016, Caliber had overcharged borrowers per diem interest.…
The Federal Housing Finance Agency (FHFA) has announced its allowance for Fannie Mae and Freddie Mac to approve Rocket Companies’ acquisition of Mr. Cooper, adding a stipulation that the merger is “subject to appropriate conditions.” The approval comes after what the FHFA dubbed a “rigorous analysis of the proposed merger of two of the Enterprises’…
Above: Lisa Cook President Trump has announced his firing of Federal Reserve Governor Lisa Cook following mortgage fraud allegations, but Cook so far refuses to go. Trump posted a letter addressed to Cook firing her from her position at the Fed on Truth Social Monday night. In the letter, he claims that through the Federal…
First-time buyers could not know all the expenses that go along with owning a property. Obvious ones like taxes and insurance can skyrocket year over year. Read more.
