Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Data Fragmentation Threatens U.S. Mortgage System | Real Estate News
Across Europe, agents are united in their frustration: inflation, affordability, and low inventory are hitting hard—but the real pain point? Lack of data. They envy the U.S. and Canada’s MLS system, which gives them transparent, real-time market insights. But here’s the twist: when sellers hide listings in private networks, it’s not about choice—it’s about cost, especially for first-time buyers. And the bigger threat? The U.S. mortgage system, built on MLS-driven comparable sales, is crumbling as more deals vanish into private channels. Appraisers can’t verify prices without full data…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.