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Zillow and Compass Wrangle Over High-Stakes Executive Depositions

USA Real Estate News-RISMedia - 2 hours 40 min ago

In a hearing on Friday, Aug. 15 in the high-stakes Zillow-Compass lawsuit, Judge Jeannette Vargas of the Southern District of New York denied Zillow’s request for an additional witness, while also delaying any potential deposition of Zillow Co-Founder Lloyd Frink, despite claims he has a “unique perspective” on the issues. As the two parties spar…

The post Zillow and Compass Wrangle Over High-Stakes Executive Depositions appeared first on RISMedia.

U.S. Foreclosures Reach Highest Level of Year Amid ‘Growing Pressure’

USA Real Estate News-RISMedia - 2 hours 59 min ago

Economic pressures have seen foreclosures rise during 2025, and the latest data saw them hit the highest point of the year. ATTOM Data, in its monthly foreclosure report for the month of July, found that during that month, there were 36,128 U.S. properties with foreclosure filings—or one in every 3,939 housing units. This was 11%…

The post U.S. Foreclosures Reach Highest Level of Year Amid ‘Growing Pressure’ appeared first on RISMedia.

Lawyers Behind Original Commission Lawsuit Launch ‘Investigation’ Into Industry

USA Real Estate News-RISMedia - 3 hours 28 min ago

One of the law firms behind the original commission lawsuits has just announced an “investigation” into “recently uncovered practices” in the real estate industry that allegedly began in 2021—suggesting the possibility of more large-scale legal action against the industry, though so far details remain scarce. However no further details have been released yet, including if…

The post Lawyers Behind Original Commission Lawsuit Launch ‘Investigation’ Into Industry appeared first on RISMedia.

Fired Fannie Mae workers file discrimination, defamation suits

USA Real Estate News-Inman - Thu, 2025-08-14 18:39
Dozens of fired employees, all U.S. citizens of Indian nationality, deny defrauding charitable giving program and seek $82 million from chair Bill Pulte and CEO Priscilla Almodovar.

New listings grew 276% last week — but it’s not enough

USA Real Estate News-Inman - Thu, 2025-08-14 16:42
Annual new listing growth jumped from 1.7 to 6.4 percent in one week. However, Realtor.com said the listing jump hasn't translated to more home sales, as homebuyers struggle with affordability.

The Jason Mitchell Group Reports Record Second Quarter Profits

USA Real Estate News-RISMedia - Thu, 2025-08-14 14:21

The Jason Mitchell Group (JMG) has announced record-breaking Q2 earnings, posting gross revenue of $37,890,740, adjusted company revenue of $7,366,450 and net profit of $4,326,000 for the quarter. The company said that this achievement underscores its continued improvement in operational efficiencies along with national expansions of new partnerships (such as Opendoor) and expansion with current…

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NEXA Mortgage Launches Partnership With Tidalwave’s Agentic AI Technology

USA Real Estate News-RISMedia - Thu, 2025-08-14 14:12

NEXA Mortgage, a mortgage brokerage with over 3,200 mortgage loan offices, has announced a partnership with Tidalwave’s agentic AI technology platform. NEXA states this collaboration positions it as the leader in comprehensive agentic artificial intelligence adoption, integrating AI solutions throughout its mortgage origination process.  Tidalwave’s SOLO™ platform offers comprehensive mortgage automation capabilities including intelligent lead…

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Women In Real Estate: Reinvention at Every Stage

USA Real Estate News-RISMedia - Thu, 2025-08-14 14:10

Above: Robin Kencel Robin Kencel has made a name for herself in one of the nation’s most exclusive zip codes. A top 1% agent in the Greenwich, Connecticut, market (and top 1.5% nationwide), Kencel leads a powerhouse team at Compass specializing in high-end properties and discerning clients. Her real estate career began over two decades…

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