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Zillow pushes back against Compass’s claims of conspiracy, monopoly

Brokerage, Clear Cooperation, Compass, eXp Realty, Glenn Kelman, HWmember, Legal, Real Estate, Redfin, Robert Reffkin, Zillow /

A little over two weeks after Zillow filed letters responding to Compass’s motions for preliminary injunction and expedited discovery, the listing portal giant is officially firing back with its response to these motions. Zillow filed its response and related declarations from company executives, including Chief Industry Development Officer Errol Samuelson, CEO Jeremy Wacksman and CFO […]

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Zillow unveils tools to simplify buying, renting, touring

Affordability, Homebuyers, Homebuying, HWmember, Real Estate, Real Estate Agents, Rental Properties, Renters, Technology, Zillow /

Zillow has rolled out five new features aimed at streamlining the process of buying, renting and touring homes. The updates — now live nationwide — include a drone-powered virtual viewing tool and offer pricing transparency for rental properties, along with coordinated tour scheduling and affordability estimates. SkyTour allows users to navigate a 3D aerial view

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Compass opens exclusive listings to rivals — with strings attached

Clear Cooperation, Compass, HWmember, MLS, National Association of Realtors, Real Estate, Real Estate Listings, Robert Reffkin, Zillow /

In a surprising move, Compass announced Friday it will open its exclusive inventory to any real estate brokerage or multiple listing service (MLS) — marking a shift for a firm long known for promoting private listing networks. The offer comes with strict conditions: listings must remain unaltered, with the original listing agent prominently featured and

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Zillow: US housing shortage hit 4.7 million in 2023

Affordability, Construction, Covid-19, Data & Visuals, Housing Inventory, Housing Market, HWmember, U.S. Census Bureau, Zillow /

The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data. Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing millions of people to share homes with non-relatives.

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How many listings have been impacted by Zillow’s new policy?

Clear Cooperation, Compass, HWmember, Lamacchia Realty, National Association of Realtors, Real Estate, Real Estate Listings, Zillow /

Zillow’s listing standards policy may have only been in effect for one day, but Eric Johnson, a Boston-based Compass agent and team leader, said he has already seen an impact.  “Our team has only received a warning so far, but I personally know several agents whose listings have already been banned,” Johnson, who leads Mission

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Zillow fires back against Compass’s claims of ‘irreparable harm’

Clear Cooperation, Compass, eXp Realty, HWmember, Lawsuit, Legal, Real Estate, Redfin, Robert Reffkin, Zillow /

Zillow is not buying Compass’s claims that its listing standards policy has or ever will cause “irreparable harm” to the nation’s top brokerage by sales volume. On Monday, the listing portal giant filed two letters in response to Compass’s motion for a preliminary injunction and its motion for expedited discovery.  The responses come just a

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The five housing markets where homeownership is still affordable

Affordability, Homebuyers, Housing Market, HWmember, Zillow /

Soaring home prices, limited inventory and elevated mortgage rates have exacerbated the housing affordability crisis in many housing markets when viewed in the context of household incomes, which have remained generally stagnant. In a new study, Zillow compiled related metrics to measure the affordability gap in terms of how much more income a household would

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eXp’s Glenn Sanford fires back at Compass over private listings

Brokerage, Clear Cooperation, Compass, eXp Realty, eXp World Holdings, Glenn Sanford, HWmember, Lawsuit, Legal, Real Estate, Zillow /

While his firm may not be named as a defendant in Compass’s lawsuit against Zillow, it doesn’t that mean Glenn Sanford, the CEO of eXp World Holdings, doesn’t have thoughts to share.  In its complaint, Compass (the nation’s largest brokerage by sales volume) named eXp Realty (the top brokerage by transaction sides), as a co-conspirator.

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Does Zillow’s policy really restrict Compass’s business?

Clear Cooperation, Compass, Glenn Kelman, HWmember, Legal, National Association of Realtors, Real Estate, Redfin, Robert Reffkin, Zillow /

While the more attention-grabbing parts of Compass’s complaint in its suit against Zillow included late night calls between Robert Reffkin and “co-conspirator” Redfin CEO Glenn Kelman, and a tense meeting with Zillow executives, the complaint also detailed the business impacts Compass is feeling as a result of Zillow’s policy.  In the complaint, Compass claims that

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The juiciest details in Compass’s lawsuit against Zillow

Clear Cooperation, Compass, eXp Realty, Glenn Kelman, HWmember, Legal, Real Estate, Redfin, Robert Reffkin, Zillow /

Given the animosity between Compass and Zillow over the portal giant’s listing standards policy, it came as little surprise when the Robert Reffkin-helmed firm filed a lawsuit against Zillow Monday morning.  While the complaint contains many of the anticipated claims, including that Zillow enacted the policy, which bans listings that are publicly marketed for more

The juiciest details in Compass’s lawsuit against Zillow Read More »

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