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Kim Kardashian launches home furnishings finder app

Say what you want about Kim Kardashian West, but the fashion and reality TV mogul sure does know how to monetize her knack for creating makeup and style trends. In November, Kardashian West launched Screenshop, an app that allows users to upload photos of high-priced items — such as Kanye West’s Yeezy Season 6 $300 […]

What does the next generation of luxury homebuyers want?

Luxury Portfolio International has identified an emerging group of affluent homebuyers who, it believes, will be “powering” the luxury real estate industry in the next three years, it finds in its 2018 report: “The Rise of the New Aristocracy.” The ‘new aristocracy’ The “new aristocracy” are, on average, age 37; they are married, have young […]

Mulvaney revokes powers of CFPB’s fair lending office

The division of the Consumer Financial Protection Bureau that was tasked with ensuring that lenders don’t discriminate against Americans based on race, religion, sex and other factors, has been stripped of its enforcement power by the CFPB’s acting director, Mick Mulvaney, appointed last year by President Trump. The CFPB told secrecy-minded website The Intercept, which broke the […]

The week in financial markets: No sugarcoating it

Tough week, tough day, and no way to sugar-coat. Long-term rates have broken out the top of five years of all-time-low rates, and only the stock market in free-fall has limited the rate damage. Mortgage rates today are 4.50% and may wander here temporarily before rising toward 5.00%, soon. The speed of change in markets […]

Is the Super Bowl a win for local real estate?

Besides being one of America’s most-watched broadcasts in history, The Super Bowl casts far-reaching implications beyond what actually happens on the football field. Businesses in Minneapolis — this year’s host city — will be packed to the brim with raucous fans taking in the full scope of the celebration, which means a spike in hotel prices, […]

What happened when I Connected: Giving attendees a voice

  Brandon Doyle is a Minneapolis Realtor and an early adopter of aerial photography at Matterport 3-D. He’s the co-author Mindset, Methods & Metrics: Winning as a Modern Real Estate Agent. Doyle has immersed himself in the inner workings of real estate and came to Inman Connect New York to meet like-minds, and learn efficient […]

2017 home sales returns hit pre-crash highs

Home sellers in 2017 got the highest return on their investment since before the housing crisis, according to a report from property database Attom Data Solutions. Sellers gained an average of $54,000 on their home price for an average 29.7 percent return on investment, the report said. That’s the highest return on investment for sellers […]

Why 2018 is the year of the agent

The race is on, and agents are becoming the clear winners. All the companies in real estate  — new tech brokerages, legacy franchises and indie brokers — are all trying to cozy-up to the solo practitioner and their small teams. At Inman Connect last week, new Realogy CEO Ryan Schneider said his focus is on […]

NAR suspends AMP and cuts RPR’s funding

The National Association of Realtors’ (NAR) controversial wholly-owned subsidiary, Realtors Property Resource (RPR), has suspended its Advanced Multi-List Platform (AMP) project, in order to “reduce costs by several million dollars in 2018 and allow greater focus on its core initiatives,” the 1.3 million-member trade group announced today in a news release. AMP was designed to […]

The battle between the Consumer Financial Protection Bureau and PHH is over

On Wednesday, January 31, the Court of Appeals for the District of Columbia Circuit upheld the constitutionality of the Consumer Financial Protection Bureau (CFPB) ending a two-year debate over the CFPB’s power structure, which stemmed from an ongoing lawsuit between the Bureau and New Jersey-based mortgage lender PHH Mortgage Corporation over the lender’s captive reinsurance practices. The […]

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