Amid inventory crisis, median age of US housing stock is getting older

In a pair of new studies released Wednesday, NAR and Harvard University are calling on the government to help ease the housing crisis. The housing crisis is expected to persist long after the pandemic ends if the government doesn’t interject soon, a pair of new studies reveal. Two studies released on Wednesday by the National … Read more

When partnering with a vendor, who owns the data?

The first two days of Inman Connect have been extraordinary, and today will be no exception. It’s not too late to register and catch up. When you do, you’ll plug in to today’s sessions, plus get access to all of the day 1 and 2 sessions on-demand.  Agents, brokers and multiple listing services have lots of … Read more

Real estate shouldn’t ‘rush back to 2019’ as the pandemic winds down

Industry leaders said Wednesday that real estate, and multiple listing services in particular, have evolved during the pandemic — and will continue to do so in the future. Day 2 of Inman Connect is underway with an all-star lineup, including Opendoor’s Eric Wu, Keller Williams’ Wendy Papasan, and many more. Register now to watch the rest of … Read more

Major MLSs join forces to form ‘Rosetta Stone’ of showing services

The project comes about four months after Zillow announced its acquisition of ShowingTime, turning showing technology into one of the hottest topics in real estate. Four months after Zillow’s acquisition of ShowingTime sparked an intense debate among real estate agents, three major multiple listing services (MLSs) have joined forces to create what they describe as … Read more

They came for 2-sided deals — then a pocket listing debate broke out

Despite its title — “The End of the Two-Sided Deal: Will This Be The New Normal?” — a panel at Inman Connect quickly turned into an intense debate over the role of pocket listings. Do pocket listing bans ‘devalue’ agents, or benefit consumers?They intended to talk about two-sided deals, but stayed to debate pocket listings … Read more

Judge to REX: Stop calling NAR, Zillow a ‘cartel’

A judge also denied REX’s request for a preliminary injunction against NAR and Zillow. REX asked for the injunction after arguing that it was the victim of anticompetitive practices. Zillow and the National Association of Realtors (NAR) scored a victory in their legal fight with discount brokerage REX Wednesday when a judge said REX hadn’t … Read more

NAR, Updater partner to provide real-time relocation data to Realtors

The trade group will be able to use “pre-move” data to inform reports on migration patterns and housing demand. With “the great reshuffling” underway as people with increased flexibility to work from anywhere move to homes that better fit their needs, relocation trends can be hard to spot in real time. To tackle that problem, … Read more

California Regional MLS gets closer to statewide goal

The High Desert Association of Realtors will no longer operate its own MLS and its 1,700 members are now CRMLS subscribers. The nation’s largest multiple listing service, California Regional MLS, is getting closer to its longstanding goal of a statewide MLS. On June 1, Chino Hills-based CRMLS added the nearby Hesperia-based High Desert Association of … Read more

Manhattan condo board gives vaccine ultimatum to 2 workers

The building’s board told the workers to get a dose of the COVID-19 vaccine or face termination, the New York Post reports. The condo board for a New York City apartment building has threatened to fire two employees unless they get vaccinated against COVID-19 — an ultimatum delivered only to the building’s workers, not its … Read more

Curt Beardsley, ‘shepherd’ of MLSs, departs Zillow

Real estate giant’s vice president of industry development leaves months after Zillow became an IDX site to “pursue other interests.” Curtis E. Beardsley, a man former Zillow CEO Spencer Rascoff once referred to as the “shepherd” of multiple listing services, has left Zillow. Beardsley, 56, had been the company’s vice president of industry development since … Read more

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