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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…

That refi mini boom appears all but dead as mortgage rates surge

A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings, according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% from one week earlier, per the MBA‘s weekly applications survey for the week ending Oct. 25.  The Market Composite Index, a measure…