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Here’s how much the typical Redfin agent makes

Seattle-based online real estate brokerage Redfin today released its 2017 Agent Compensation Report, which outlines how much Redfin agents earn compared to the rest of their industry counterparts, as well as other benefits of working for the company. Source: Redfin According to the report, Redfin agents who worked nine months or more in 2017 earned […]

December new residential home sales drop 9.3%

After a strong November, December new residential home sales fell a little short — a soft end to an otherwise strong year. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new single-family home sales declined to a seasonally adjusted rate of 625,000 — a 9.3 percent month-over-month […]

ICNY 18: Shrink your target market, grow your real estate business

NEW YORK — Not every brokerage needs to dominate an entire housing market to be successful. Just ask Rich Rosa, a broker-owner with Buyers Brokers Only, and Richard Silver, senior vice president of sales at Sotheby’s International Realty Canada, both of whom have found footholds in niche markets. And one of the main benefits of […]

How real estate can make the American Dream possible for everyone

NEW YORK — After fleeing Budapest, Hungary, during World War II, Amy Bohutinsky’s grandparents and father — who was nine years old at the time — immigrated to the U.S. in 1949. Her grandfather spoke no English and took a job as a dishwasher, then a second job to save money, and within a decade […]

ICNY 18: Take a page from the highest-performing real estate teams in the country

Sharran Srivatsaa NEW YORK — “Success leaves clues,” said Sharran Srivatsaa (president of brokerage, western region, Douglas Ellliman Real Estate) on stage at Inman Connect New York. After interviewing 52 of the highest-performing teams, he found 10 common themes that contributed to their success, and shared them with the audience. Belief system 1. Cult of abundance Only […]

Mortgage rates rose again this week

Keeping in tune with the last two weeks, mortgage rates have continued their steady climb into the third consecutive week of increases. The Freddie Mac Primary Mortgage Market Survey (PMMS) showed the average 30-year fixed mortgage rate rising to 4.15 percent — 11 basis points up from the 4.04 percent seen last week. “Rates keep climbing,” said […]

Realtor.com’s ‘State of the Housing Union’ calls for new construction boost

Preceding next week’s State of the Union address, the “State of the Housing Union” released today by realtor.com is characterized by strong buyer demand, tight inventory and frustrated millennials who have “hit the wall” on their homebuying aspirations due to lack of homes in their price range. Strong demand and weak supply have “set the […]

Has everyone lost their minds? Pursuing civility in a crazy world

NEW YORK — Did you know that 63 percent of Americans are stressed about the future of this country? For the first time, this concern beat out work and financial stress in the annual nationwide American Psychological Association survey. Kristen Soltis Anderson, ABC news contributor and pollster, discussed how we can be more civil in Thursday’s Inman […]

ICNY 18: How biometrics could make real estate safer

NEW YORK — Biometric identification could affect more than checking in at an airport — it could even change how agents handle open houses. Caryn Seidman-Becker, CEO of the biometrics startup Clear, joined Inman founder Brad Inman on stage at Inman Connect New York on Thursday to describe how her startup works and how it […]

Tech Connect: How to close a deal with bitcoin

NEW YORK — Everyone wants to get into bitcoin now — and all it takes is one client. Christie’s International Realtor Piper Moretti shared her experience getting started with bitcoin real estate transactions on stage at Inman’s Tech Connect event on Tuesday. “The whole bitcoin thing just kind of fell into my lap,” Moretti said. […]

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