The white hot iBuyer startup Opendoor, which lets prospective homesellers offload their properties quickly and entirely online for a guaranteed price derived by an algorithm, is in the process of raising $200 million in a funding round that would value the company at $2 billion, according to a report in The Wall Street Journal. Opendoor has already […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, March 29 Zillow Mortgage Rate Ticker The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.21 percent, down 10 basis points from this time last week. The 30-year fixed mortgage rate fell last Thursday, […]
Most people know how expensive Silicon Valley real estate can be, but one Twitter thread from a real estate expert sheds a particularly grim light on how the tech industry is affecting home prices in Northern California. In San Francisco, $1.45 million was the median price of just over 400 houses sold in the last […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Tuesday, March 27 Bankrate mortgage rates The average rate you’ll pay for a 30-year fixed mortgage is 4.33 percent. The average 15-year fixed-mortgage rate is 3.76 percent. Source: Bankrate Mortgage Bankers Association (MBA) 2017 Rankings of […]
NEW YORK — Waymo, a division of Google’s parent company Alphabet that has been working on self-driving technology, will launch its ride-hailing network of self-driving cars in Phoenix sometime this year. It will then expand to other cities over the next two years, the company said Tuesday at an announcement event in New York City’s Chelsea […]
When it comes to rental costs, millennials carry a burden heavier than that of any other generation in history — but if average rental rates continue to soar at their current pace, Generation Z will have it worse. A new study from RentCafe revealed that the nation’s estimated 80 million millennials pay approximately 45 percent […]
January’s S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index shows that home price growth is unlikely to slow down anytime soon — January 2018’s national index comes in at 196.31, a 6.2 percent year-over-year and a seasonally adjusted 0.5 percent month-over-month increase. S&P Dow Jones Indices managing director and chairman of the index committee David M. […]
Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. Real estate investors who are using the beta version of Steesa, a tech platform for for supporting the management of income-producing property, learned today that the software has been acquired by JLL Spark, a division of […]
Managers at Kale Realty, a Chicago-based brokerage sponsoring nearly 400 agents, failed to properly supervise employees and allowed Realtors to work without licenses, according to a ruling by the Illinois Department of Financial and Professional Regulation. The ruling issued by the Illinois state regulatory agency effectively bars the 65-year-old brokerage from operating and will force […]
This Spring, Inman is obsessing over helping you to tune-up your listings business, with actionable insights, the best advice from top agents and hundreds of helpful stories from all over the world. Interested in sharing your advice and insights with us? Reach out to me at matthew@inman.com. Don’t forget that we’ll also be focusing on […]
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