Online lender Social Finance (SoFi), a seven-year-old San Francisco-based startup, has recruited a high-profile exec, Twitter COO Anthony Noto, to take the reins as CEO of the company, effective March 1. The appointment comes on the heels of a sex scandal involving former SoFi CEO Mike Cagney, who resigned in September after facing sexual harassment […]
NEW YORK — Chief executives from two high-profile brokerage companies with wildly divergent business models spoke candidly on Tuesday at Inman Connect New York about the travails of voicing public opinion in a fractured political climate. Robert Reffkin, the outspoken chief executive of the private company Compass, and Glenn Kelman, the chief executive of publicly […]
NEW YORK — A year into his tenure as president and chief executive of Realogy Franchise Group, John Peyton told Inman Connect guests that the company has thrived by hiring real estate outsiders. Peyton, a former Starwood Hotel executive who earlier this month took on additional responsibilities overseeing the Corcoran and Sotheby’s International Realty Realogy […]
NEW YORK — Heads up Re/Max, Century 21 and Coldwell Banker, the iBuyers are coming for you. Heavily-funded, tech-driven investors that make quick offers on homes and close in days are among the latest startups raising eyebrows in the real estate industry. And they’re betting that the promise of fast and easy transactions will help […]
By now, you’ve probably heard that real estate Facebook ads are a high-ROI alternative to other forms of online marketing. When done right, it’s true that Facebook advertising is a low-cost marketing method that delivers respectable results. When done wrong, however, it can be just as expensive and ineffective as any other poorly designed marketing […]
First, let’s get the obligatory disclaimer out of the way: Real estate commissions are not set by law, there is no standard rate of commission and I will never tell you how much commission to charge. I’ll just tell you why you should charge more and how to do it. Unless you’ve been living in a […]
Existing-home sales decreased 3.6 percent to a seasonally adjusted annual rate (SAAR) of 5.57 million in December — dipping from a downwardly revised 5.78 in November, the National Association of Realtors (NAR) reported today. This month’s sales pace is 1.1 percent above December 2016 and is the strongest sales pace in 11 years. A healthy economy […]
What makes a home a smart home? Who gets to keep the smart lock after a house is sold? What if your real estate agent still has the password to your thermostat? These are the questions real estate professionals are figuring out on the fly — and questions that are only becoming more relevant for […]
NEW YORK — Inman Connect New York is a shot of espresso stronger than your most ambitious Starbucks order ushering you into real estate’s future. Check out Inman’s highlight reel and top coverage for day three. Compass CEO Robert Reffkin’s 8 trends to expect by 2028 BoxBrownie unveils 360-degree photo enhancement service Traditional brokerage vs. […]
San Francisco-based real estate startup Opendoor has closed an additional $100 million in debt financing from national homebuilder Lennar. Bloomberg today reported that Lennar was part of a group “furnishing Opendoor with $135 million in funding” alongside venture capital firm Fifth Wall Ventures, and that Opendoor had plans to expand from its current six markets to “more […]
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