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Welcome to the February 10th edition of Market Trends, where hosts Steve Kaempf and Matt Lombardi break down the biggest stories shaping the real estate industry right now. This episode delivers a powerful, fast-moving update on the market forces impacting homebuyers, investors, agents, and consumers nationwide, with special relevance for major markets like Chicago and the Midwest. Chicago Housing Market Alert: Zillow vs Compass, Housing Bill Update & Foreclosures Rising (Feb 10) From housing legislation and affordability policy to major portal lawsuits and foreclosure trends, this is the type of information real estate professionals need to stay ahead in 2026. Featured Headlines in This Episode: Housing Legislation Moves Forward A major bipartisan housing bill has now passed both the Senate and the House — signaling growing urgency at the federal level to address the affordability crisis and increase housing supply. We explore the key provisions, the political momentum behind it, and what happens next as both versions of the bill move toward reconciliation. Zillow vs Compass: Federal Court Ruling Explained A federal judge has ruled in favor of Zillow, allowing the company to continue enforcing its listing policy restrictions, a decision that directly impacts Compass and its private listing strategy. We discuss what this ruling means for listing exposure, agent marketing strategies, and the ongoing battle over control of real estate data. CoStar Faces Investor Pressure Over Homes.com Activist investors are intensifying pressure on CoStar, arguing that the Homes.com expansion is costing shareholders billions. We cover CoStar’s response, the long-term strategy behind the investment, and what it means in the bigger picture of the ongoing “portal wars.” Labor Market Warning Signs (ADP Report) The latest ADP employment report shows weak private-sector job growth — raising questions about economic momentum heading into 2026. Since labor strength is one of the biggest drivers of housing demand, we break down why this matters for real estate activity and market stability. Foreclosures Rising Again Foreclosure filings increased in 2025, with Illinois and major markets like Chicago showing elevated numbers. While this is not a repeat of the 2008 housing crash, it’s a major trend worth tracking — especially for investors and professionals watching market stress indicators. Keller Williams Settlement & Industry Headlines We also discuss Keller Williams’ major settlement in a commission lawsuit, RISMedia’s Newsmakers Awards, and the broader implications of ongoing legal and structural changes in the real estate industry. 00:00:00 Housing Legislation Update 00:02:10 Key Provisions and Disagreements in Housing Bill 00:05:14 Zillow vs. Compass Lawsuit Ruling 00:07:06 Private Listing Network Debate 00:10:28 Industry Reaction to Lawsuit Outcome 00:13:34 CoStar vs. Activist Investors 00:17:24 CoStar’s Response and Future Plans 00:18:57 ADP Employment Report & Labor Market Trends 00:22:42 RISMedia Newsmakers Awards 00:25:52 Keller Williams Commission Lawsuit Settlement 00:28:11 Rising Foreclosures in 2025 00:31:31 Market Outlook and Closing Remarks Listen to Full Episodes: www.peoplenottitles.com People, Not Titles is hosted by Steve Kaempf and highlights the professionals shaping real estate and business communities through leadership, strategy, and success principles. Connect With Us: → Website: www.peoplenottitles.com → Instagram: / peoplenotti → Facebook: / peoplenottitles → Twitter/X: / sjkaempf → Spotify: https://open.spotify.com/show/1uu5kTv ... Subscribe for Weekly Market Intelligence If you're a real estate professional, investor, lender, broker, or buyer, Market Trends is your weekly advantage. 👉 Hit LIKE, SUBSCRIBE, and share this episode with your network. #ChicagoRealEstate #RealEstateNews #HousingMarketUpdate #Zillow #RealEstatePodcast