"October 2024" Archives

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Pending home sales jumped in September behind lower mortgage rates

Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March. An index reading of 100…

CRMLS, Bright MLS team up to offer reciprocal access to home listings

The nation’s two largest MLSs are teaming up yet again. On Wednesday, the California Regional MLS (CRMLS) and Mid-Atlantic-based Bright MLS announced that they will be offering subscribers reciprocal data access, or “guest access,” to reach other’s listings. CRMLS currently has more than 127,000 active listings and Bright MLS hosts more than 115,000 active listings….

Court dismisses Move’s trade secret claims against CoStar

CoStar has notched yet another procedural win in its legal battle with Move, the parent company of Realtor.com. In a ruling issued Tuesday, Judge George H. Wu of U.S. District Court in Los Angeles granted CoStar’s motion to dismiss two of Move’s claims in its first amended complaint. The claims alleged violations of the Computer…