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

Housing Wire

As a panel of real estate leaders gathered to discuss the future of the MLS at the National Association of Realtors ‘ NXT conference in Boston, Errol Samuelson , Zillow ‘s chief industry development officer, found himself and his company in a bit different standing than usual with the audience of several hundred agents and brokers.

MLS 370
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Pending home sales rise again as buyers capitalize on more inventory

Housing Wire

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

Sales 435
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Judge to MLS PIN: ‘Trying to understand why this matters’

Housing Wire

Saris is ready to see some movement in the Nosalek commission lawsuit , which has been pending for five years now, but that doesn’t mean she is going to approve MLS PIN’s settlement without properly examining the details. Im just trying to understand why this matters, Judge Saris said. Why do you care so much?

MLS 288
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Bright MLS debunks DC housing market social media posts

Housing Wire

Bright MLS has addressed these claims this week with relevant data. Powell shared an image that shows an exorbitant number of homes for sale in the Washington, D.C. Bright MLS countered this post by saying that, “We’re not seeing any evidence of a surge of listing activity in the Washington, D.C., housing market.

MLS 349
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MLSs seek to reinvent themselves

Housing Wire

On Thursday, MLS leaders took center stage at several conference sessions, including discussions of the business practice changes driven by the NAR commission lawsuit settlement and how the role of the MLS — and the MLS-broker relationship — has evolved as a result. “I We’ve come a long way since then.”

MLS 418
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Final Offer launches private market listings feature for off-market sales

Housing Wire

Matching listings appear on the client’s saved search channels, alongside MLS listings. Pre-market and off-market listings have caused some controversy in the real estate industry. Some agents call any non-MLS listings “ pocket listings.” Agents can also send those listings to a local MLS, if necessary.

Marketing 370
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More MLSs are quietly ditching NAR’s optional no-commingling rule

Housing Wire

While Zillow did not provide an exact number of MLSs that have recently dropped the policy, Matt Hendricks, the company’s vice president of industry affairs, wrote in an email that the company applauds the many MLSs that have revoked the no-commingling restriction. Zillow has long advocated against the no-commingling rule.

MLS 312