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Real estate daily market update: November 29, 2017

 We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Wednesday, November 29 Federal Housing Finance Agency (FHFA) Index shows mortgage rates decreased in October Nationally, interest rates on conventional purchase-money mortgages decreased from September to October. The National Average Contract Mortgage Rate for the Purchase […]

Hurricane recovery boosts pending home sales in October

The National Association of Realtors (NAR) pending home sales index, a forward-looking indicator that tracks homes sales in which a contract is signed but the sale has not yet closed, increased 3.5 percent in the month of October to 109.3 from a downwardly revised 105.6 the month prior. The increase was driven by a boost […]

Compass expands to Chicago with 20-agent-strong Lincoln Park office

Compass, the rapidly growing real estate technology company, announced on Tuesday the opening of the first of three brick-and-mortar Chicago locations, an initial step in an aggressive plan to expand into 10 new markets by 2020. Buttressed by 20 agents recruited from Coldwell Banker and Berkshire Hathaway, including an entire top team from the area, […]

‘Real Estate Wars’ star, Hoda Harjinia, opens up about her eating disorder

Hoda Harjinia embodies beauty, brains and business finesse. This savvy, luxury real estate agent has achieved epic success in just over two years as a real estate broker with The McMonigle Team in Orange County, and with the launch of Bravo’s, Real Estate Wars, business is booming. Hoda Harjinia “My business has been like an […]

Connect/Reflect: Get off the fence and go!

With only about six weeks left to go before Inman Connect New York (January 22-26, 2018), we asked Zillow Group’s Jay Thompson to share a few tips for navigating the program, networking effectively and ensuring that you’re taking those online relationships offline during the conference. SAVE MY SEAT You’ve been coming to Inman Connect New […]

Can Realogy pivot to an agent-centric business model?

Earlier this month, Brad Inman wrote an opinion piece that compared Gary Keller with Compass’s CEO, Robert Reffkin. Although the piece initially focused on the similarities and differences of Keller and Reffkin, it quickly moved to a much larger, and important, subject: the evolution (or revolution?) of the brokerage model, from broker-centric to agent-centric. Inman wrote, […]

Redfin’s new concierge service will clean and stage your listings

Seattle-based tech brokerage Redfin is stepping deeper into the home transaction with the trial launch of its new amenity, Redfin Concierge Service. In what appears to be a first-of-its-kind offering from a large brokerage, Redfin Concierge will coordinate, supervise and pay for services such as deep cleaning, painting, staging and landscaping for listings worth at […]

Ex-Bamboo Realty agents sue for $140k in commissions

At least 12 former Bamboo Realty real estate agents in Colorado and Texas have filed a lawsuit against the now-shuttered millennial-focused brokerage, charging that its free-spending owners withheld $140,000 in commissions.  In the Nov. 17 lawsuit in Denver County District Court, agent Andrea Lightfoot of Houston and 11 other former Bamboo associates claim cofounder Sarah […]

Connect/Reflect: Conversations worth the cold

The holiday season is already here, which means Inman Connect New York (January 22-26, 2018, Marriott Marquis Hotel, Times Square) will be upon us before we know it. We recently caught up with long-time Connect attendee Jeff Turner to understand what keeps him coming back to the New York City cold every January, why attending the […]

How flashy upstart Bamboo Realty bamboozled the real estate industry

When I read about the mess at Bamboo Realty, a real estate pop-up that crashed and burned, I thought of the Milli Vanilli lip syncing debacle 27 years ago. The dance-pop duo Fab Morvan and Rob Pilatus never sang on their own hit debut record, a musical scam that sank their careers. Like Milli Vanilli, Bamboo founders […]

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