Tom and Leslie

Tom and Leslie We are Tom Gancer & Leslie Kiesel, a Real Estate team with over 50 years of experience!

Long post but you may be interested in the State of Real Estate... Current lawsuits may fundamentally reshape residentia...
05/19/2026

Long post but you may be interested in the State of Real Estate... Current lawsuits may fundamentally reshape residential real estate nationwide in the next the next 12–24 months . Here’s a current snapshot of the major lawsuits and industry battles centered on private listings, MLS control, and Clear Cooperation across the national real estate landscape.

****The Core Issue Driving Everything****
At the center of nearly every lawsuit and strategic alliance right now is the fight over:
-Private listings / office exclusives
-Whether listings should appear in the MLS immediately
-Who controls listing inventory
-Whether portals like Zillow should be allowed to punish brokerages that market privately first

The debate revolves around NAR’s Clear Cooperation Policy (CCP):
If a property is publicly marketed, it must be submitted to the MLS within one business day.

THE MAJOR CAMPS:
1) PRO-PRIVATE LISTING / DELAYED MLS EXPOSURE

These companies generally support allowing listings to remain private, office-exclusive, or delayed before going fully public:
-Compass
-Anywhere Real Estate (partially supportive depending on brand/market)
-CoStar Group
-Some luxury brokerages including:
-Jameson Sotheby’s International Realty
-Certain MLSs including: MRED (The Chicago & Northern Illinois MLS that all local Realtors use)

Their Argument:
-Sellers deserve privacy and control
-“Pre-marketing” creates strategic pricing advantages
-Brokerages should control their own inventory
-Zillow and portals are becoming monopolistic gatekeepers

2) PRO-OPEN MLS / ANTI-PRIVATE NETWORKS

These companies strongly favor broad MLS exposure and oppose large-scale private networks:
-Zillow
-Redfin
-RE/MAX
-Many MLS organizations
-Most fair-housing advocacy groups

Their Argument:
-Private listings reduce transparency
-Consumers miss inventory
-Pocket listings harm fair housing access
-MLS fragmentation hurts buyers
-Large brokerages are trying to “hoard inventory”

Biggest Lawsuits Happening Right Now
1. Compass vs Zillow (THE Industry War)
Filed: June 2025
Main Claim: Compass sued Zillow alleging:

-Antitrust violations
-Monopolistic behavior
-Illegal exclusion of listings

****Compass accused Zillow of creating a “Zillow Ban” that punished listings marketed privately for more than one day before MLS entry.

Compass Position - Compass wants:

-Pre-marketing rights
-Office exclusives
-Delayed public exposure
-Freedom from CCP-style enforcement

Zillow Position
Zillow says:

-Consumers deserve equal access
-Hidden inventory hurts buyers
-Private listing networks fragment the market

Current Status
****Compass lost its request for an injunction. A judge suggested Compass failed to prove monopoly claims.

****Compass later voluntarily dismissed the lawsuit after Zillow softened portions of its listing-access standards.

2. Zillow vs MRED + Compass (Chicago War)

This is now becoming one of the most important MLS battles in America.

Filed: May 2026
Zillow sued:

-MRED (Again... Chicago's MLS)
-Compass

Zillow alleges they conspired to:

-Hide listings
-Force Zillow to display Compass private listings
-Punish Zillow for enforcing transparency rules
-Why This Matters

Chicago/MRED may become the national testing ground for:

-Private listing carve-outs inside MLS systems
-“Private network” listing channels
-MLS segmentation
-A national MLS

This could reshape how MLS systems operate nationally.

It's been a busy April!tomandleslie.com
05/04/2026

It's been a busy April!
tomandleslie.com

Last week, the total number of residential contracts in MRED's residential marketplace soared to 3,774. That mark was a ...
04/22/2026

Last week, the total number of residential contracts in MRED's residential marketplace soared to 3,774. That mark was a 15% week-over-week increase and a 19% year-over-year jump. It was also the largest single-week total in that metric since June of 2023.

04/19/2026

National Association of Realtors’ economist…

04/14/2026

The old grey shade just ain’t what she used to be… 🎶

Interesting....
04/01/2026

Interesting....

Curated by Smartbrief. Japanese homebuilders are making a significant impact on the U.S. housing market through a strategy of acquiring American builders. This approach, reminiscent of Japan's rise in the automotive industry, has led Japanese companies to announce or complete 23 acquisitions....

Good insight on National markets...
03/25/2026

Good insight on National markets...

Key takeawaysMore home shoppers are checking their buying power, even if they’re not signing contracts yet.Home sales activity is edging up, but only

FANNIE MAE PREDICTS MORTGAGE RATES WILL STAY UNDER 6%Fannie Mae’s March Housing Forecast predicted that the average 30-y...
03/17/2026

FANNIE MAE PREDICTS MORTGAGE RATES WILL STAY UNDER 6%

Fannie Mae’s March Housing Forecast predicted that the average 30-year fixed mortgage rate will remain at 6% in Q1 (which ends in a couple of weeks), but it put the 30-year rate under 6% for the rest of 2026 and 2027.

For 2026, Fannie Mae forecast the mortgage rate will hit 5.9% in Q2, 5.8% in Q3, and 5.7% in Q4. The organization expected the rate to waver between 5.6% and 5.7% in 2027.

03/14/2026

Slàinte!

"Of the nearly 1,000 markets tracked by Homes.com, 63% experienced annual price increases and 37% saw annual price decre...
10/22/2025

"Of the nearly 1,000 markets tracked by Homes.com, 63% experienced annual price increases and 37% saw annual price decreases. Among the top 40 markets, 10 saw their median prices remain flat or decline, while another 10 experienced price increases of 3% or higher. A large share of that growth was concentrated in the Midwest, a continuation of an existing trend." Chicago was #12 on the list with year-over-year appreciation at 2.6%
TomandLeslie.com

The cost to purchase a median-priced home in the United States grew 2% in September compared to the same time a year earlier, ending a summer that saw

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