It appears the power struggle over real estate listings — and how they’re displayed — is as inflamed as ever in the Big Apple. The Real Estate Board of New York (REBNY) is gearing up to launch a single, centralized syndication feed to distribute listings from its own version of an MLS, the REBNY Residential […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Friday, July 7 U.S. Bureau of Labor Statistics Employment Situation Summary Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment […]
Damn. Good news everywhere. The bond market likes bad news and must have it for rates to go lower. News, news everywhere, and nary a scary drop. Long-term rates have snapped up from the post-election low only two weeks ago. The U.S. 10-year Treasury from 2.14 percent to 2.39 percent, mortgages following. Add 1.80 percent […]
Purplebricks, a low-fee U.K. brokerage that’s raised more than $60 million to expand to the U.S., misled consumers with ads that touted “fees saved” comparisons between Purplebricks and traditional real estate agents, a U.K.. regulator has ruled. The ruling, which grew out of a complaint filed by a Purplebricks competitor, highlights Purplebricks’ hard-charging marketing strategy […]
In 2016, Chinese real estate investors spent a massive $101.4 billion dollars on U.S. property. That number is expected to drop to $80 billion in 2017, but it will still rank among the top three highest levels of investment in history. The 2017 investment projection is based on data from Juwai.com — the top Chinese […]
Check Inman every day for the daily version of this market roundup. Day-by-day market activity: Friday, July 7 U.S. Bureau of Labor Statistics Employment Situation Summary Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, […]
While real estate agents chase leads and close deals on houses, there’s another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships. We’ll be recapping every week’s noteworthy deals that didn’t make it into print (and some that did) for your perusal. We missed you last week! June […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, July 6 Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week […]
Redfin is testing a new program that allows homeowners to sell a property to Redfin for as little as a 7 percent commission. The high-tech Seattle-based brokerage revealed the service, called “Redfin Now,” in a recent filing for an IPO of $100 million. Its synergies with Redfin’s existing services and technology are extensive and position the […]
As far as Mike Barnett is concerned, “the day the music died” wasn’t February 3, 1959 — a fateful day in music history when a plane crash took the lives of rock ‘n’ rollers Buddy Holly, Ritchie Valens and the Big Bopper. For him, the music died in the mid 1980s with the advent of […]
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