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The financial strength of US homeowners is a cushion against a downturn

Housing Wire

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. If I realize I must sell the house, and I’m met with very weak market conditions (No.

Equity 545
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Compass invites outside agents to use Coming Soon listings in latest shot at CCP

Housing Wire

Compass says that the listings protect home sellers against negative insights, such as days on market. At Compass we are advocating for homeowners to have control over how their listings are marketed, Reffkin said in a statement. Coming Soon is part of Compasss three-phase marketing plan for homes.

Agents 383
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Compass clients solicit class action suit against NWMLS

Housing Wire

Now, a new website , called Washington Homeowner Rights, is soliciting NWMLS home sellers in Washington state for a potential class action lawsuit. Specifically, they are reaching out to home sellers who experienced a price drop or significant days on market. There is no place for exclusionary practices in our marketplace.

MLS 332
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NWMLS shuts off IDX listing feed to Compass

Housing Wire

NARs policy allows listing agents to privately market an office exclusive listing to other agents within its firm or to agents and brokers at other firms provided that the listing is shared one-to-one.

MLS 418
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Compass files an antitrust suit against NWMLS over its CCP

Housing Wire

As such, unlike NARs CCP which allows for office exclusives, NWMLSs does not, leading to Compass claiming that it has the most restrictive homeowner marketing rules in the country. The site is looking for homesellers who have been harmed by NWMLS policies and who have experienced a price drop or significant days on market.

Brokerage 321
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Compass tells MLSs to change CCP or face legal exposure

Housing Wire

In the article, Ketchmark said that Realtor organizations need to be aware of the fact that not only will our law firm and other attorneys be looking at [CCP], but the eyes of the world are upon them, and its time to do the right thing and let homeowners make decisions about their houses and not a bureaucratic organization.

MLS 312
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The future of the MLS may be murky, but brokers still want the data

Housing Wire

As he has previously stated, Reffkin highlighted data such as days on market and price drop history, which is typically displayed alongside all listings in the MLS, as being problematic and harmful to home sellers. “I I believe days on market is the killer of value. “I I believe days on market is the killer of value.

MLS 370