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Conflict between Zillow and Compass is escalating on a new front, as Zillow-owned portal StreetEasy recently introduced a brokerage cap that directly affects the mega-brokerage. The specialized New York City portal StreetEasy recently introduced a new cap to its Experts program—an invite-only lead generation program where buyers and sellers are connected to member agents—only allowing…

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Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Start with the numbers: Mortgage rates are climbing fast, with Freddie Mac’s benchmark survey reporting 6.76% on average this week for the 30-year, while other sources found rates crossed the 7% threshold. -Rates are pushing…

The post Mortgage Mix: Rates Spiral to 7%, Fed Sued Over Alleged ‘Private’ Wall Street Talks appeared first on RISMedia.

Inflation saw no unexpected moves as the Iran war keeps the situation elevated, according to the latest data from the Bureau of Labor Statistics. With this month’s Consumer Price Index (CPI) a key indicator for the upcoming Federal Reserve meeting, all eyes are on price pressures, which are simultaneously weighing on household budgets. The August…

The post Inflation Still Elevated, Fed Path to Rate Hike Grows More Clear appeared first on RISMedia.

The Council of Multiple Listing Services (CMLS) has named Cameron Kinzer Director of Advocacy, in a move the trade association said will expand its capacity to represent the MLS community as legislative, regulatory and policy decisions increasingly shape the future of the housing market.   Kinzer will lead CMLS’s government relations and public policy strategy,…

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Agents and brokers are likely to continue encountering hesitant consumers, as the University of Michigan reports that preliminary sentiment dropped for the second month in a row on Sept. 11. The consumer sentiment index—which utilizes personal finances, business conditions and buying conditions to measure consumers’ attitudes toward the overall economy—now sits at 47.8 as a…

The post Global Tensions and High Prices Squash Consumer Outlook Ahead of Fed Decision appeared first on RISMedia.