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Many renters struggle to meet basic needs: study

According to new research from the Urban Institute, renters are not only more likely than homeowners to find themselves in distress, they are also more likely to have difficulty digging themselves out of their financial issues. Source: click here

Flat-fee brokerage Purplebricks reports growth in the US

Flat-fee brokerage Purplebricks reported Tuesday that its business in the U.S. is growing, and that overall the company is on track to meet its revenue goals. In a Tuesday earnings report, the company touted growth on multiple fronts. In the U.S., it now has 140 sales consultants and local real estate experts working across seven […]

Wells Fargo foreclosed on 500 people due to ‘calculation error’

Hundreds of people were foreclosed on and lost their homes thanks to an internal calculation error on the part of Wells Fargo, the bank confirmed Tuesday. The foreclosures happened after the homeowners had asked Wells Fargo for assistance in the form of modifications to their mortgages. However, an “automated calculation error regarding foreclosure attorneys’ fees” […]

Compass launches in Nashville

Compass‘ growing footprint has now officially expanded to Nashville, the real estate brokerage confirmed Wednesday. The New York City-based company first revealed it was eyeing the Music City for expansion when it announced its recent $400 million funding round. “Nashville is a market we’re particularly excited about,” Compass Chief Growth Officer Rob Lehman said in a […]

Breaking down the numbers: The true cost of opening a brokerage

Luke Monroe, the CEO and broker-owner of Kendrick Realty, shared with Inman his own recent experience opening his brokerage’s third office in California. Source: click here

Most Realtors get zero leads from personal websites: NAR

Should Realtors have personal websites? If their exclusive aim is to generate leads, NAR data offers a clear answer: Only if you’re willing to spend big. Source: click here

RE/MAX executive vice president to retire, take on advisory role

The man RE/MAX executives credit with significantly shaping one of the largest real estate franchisors in the nation is set to retire. Re/MAX announced on Tuesday that Mike Ryan, the executive vice president of the company is retiring. Mike Ryan. (Credit: RE/MAX) “Mike, or ‘Ryno’ as he’s known at RE/MAX Headquarters, has played a significant […]

Laura Monroe shares what not to miss at Inman Connect New York

Inman Connect New York is right around the corner, taking place at The Marriot Marquis Hotel in Times Square, January 28-February 1, 2019. With so much on the agenda for this event, how do you make sure you’re making the best use of your time, attending the right sessions and leveraging all the networking opportunities? […]

DocuSign and NAR partner to offer products to digital neophytes

The electronic document company has partnered with the National Association of Realtors to offer use of the software at no charge to agents who have never facilitated a deal by electronic means. Source: click here

Real estate now fastest revenue growth segment: News Corp. CEO

News Corp, the parent company of Move’s realtor.com and Australia-based REA Group, reported Wednesday that its revenue grew to $2.52 billion, a 23 percent increase year-over-year. Source: click here

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