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CoStar Agrees to Change Homes.com Ads After Realtor.com Challenge

USA Real Estate News-RISMedia - Tue, 2024-07-09 12:46

CoStar has agreed to change some key advertising claims regarding its Homes.com residential portal amid a contentious back and forth with bitter rival Realtor.com®, following a recommendation from non-profit BBB National Programs (associated with, but independent from the Better Business Bureau) as both companies continue to battle viciously over metrics, measurements and market share. Realtor.com’s…

The post CoStar Agrees to Change Homes.com Ads After Realtor.com Challenge appeared first on RISMedia.

Fed Chair Jerome Powell Plays Coy About Rate Cuts in Senate Hearing

USA Real Estate News-RISMedia - Tue, 2024-07-09 12:24

Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market. Powell struck a measured tone; he did not offer a timeframe on when the Fed might lower…

The post Fed Chair Jerome Powell Plays Coy About Rate Cuts in Senate Hearing appeared first on RISMedia.

Feds want to expand their control over real estate sales to foreigners

USA Real Estate News-Inman - Tue, 2024-07-09 12:06
A proposal would expand an existing rule and give the "Committee on Foreign Investment in the United States" power to review real estate sales near 56 military installations in 30 states.

Alexander brothers rape allegations draw scrutiny from FBI

USA Real Estate News-Inman - Tue, 2024-07-09 12:04
Women who claim to be victims of the Alexander brothers, or witnesses to alleged assaults, have been approached by agents from an FBI task force, "The Wall Street Journal" reported Tuesday.

CoStar censured for claims made about traffic in Homes.com ads

USA Real Estate News-Inman - Tue, 2024-07-09 11:58
The Better Business Bureau National Programs' National Advertising Division has recommended that CoStar Group's residential portal Homes.com ceases using claims that it has double the traffic of Realtor.com in its ads. CoStar Group has complied with the request.

Fostering Local Solutions to the Housing Supply and Affordability Crisis

USA Real Estate News-RISMedia - Tue, 2024-07-09 10:50

Last year, the National League of Cities and the American Planning Association embarked on an effort to discover and advance locally driven solutions to our country’s housing supply and affordability crisis. The goal? To unite the public and private sectors to help local governments meet their residents’ housing needs.  Recognizing the complexity of addressing these…

The post Fostering Local Solutions to the Housing Supply and Affordability Crisis appeared first on RISMedia.

Lamacchia Realty buys Berkshire Dream Home in Massachusetts

USA Real Estate News-Inman - Tue, 2024-07-09 09:54
The deal marks the seventh purchase in 12 months for Massachusetts-based Lamacchia Realty as it signals acquisitions across New England in 2025. "I want to triple that in the next 12," CEO says.

Rapidly growing Real Brokerage surpasses 20K real estate agents

USA Real Estate News-Inman - Tue, 2024-07-09 07:51
The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.
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