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Only 21% of people understand what low credit will do to their loans

A recent analysis by Zillow found that homebuyers with lower credit scores pay thousands of dollars more for the same property compared to buyers with high credit scores. Source: click here

How to land a spot at your dream brokerage

Getting a real estate license doesn’t mean you are listing ready. There is a lot of buzz about how real estate agents are self-employed, but this is not the case when you are just getting started. Real estate rookies will need to partner with a broker, which is much like getting a job. Source: click […]

Redfin CEO: ‘The stability of the marketplace has been undermined’

In a phone interview with Inman, Redfin CEO Glenn Kelman and Chelsea Goyer, Redfin’s vice president of recruiting, discuss partner programs and MLS relations. Source: click here

Redfin wants to change listing displays across the industry

High-tech brokerage Redfin thinks there’s a problem with the way many real estate listings are displayed online, and it has a proposed fix that it wants the board of NAR to adopt in November at its bi-annual conference. The change is a small but significant data standardization effort that would sweepingly impact the information that […]

Here’s the absolute worst beach town in America

Shirley, New York, a hamlet on the south shore of Long Island, is the worst beach town in America, according to a new ranking from personal finance website WalletHub, which considered myriad factors like affordability, local economy, safety and weather, education and quality of life. Lahaina, Hawaii topped the rankings as the best beach town […]

Pacific Union International is going into commercial real estate

Luxury real estate brokerage Pacific Union International is making the leap into commercial real estate. The San Francisco-based firm, which focuses on luxury residential properties and ranks fifth among the largest real estate brokerages in the country, just launched Pacific Union Commercial in Los Angeles, a full-scale division focusing on commercial real estate, according to an […]

Pending home sales decline 0.5% from April to May

Pending home sales dropped 0.5 percent month-over-month and remain down on an annualized basis for the fifth straight month, according to the latest National Association of Realtors (NAR) Pending Home Sales Index (PHSI), released on Wednesday. PHSI tracks home sales in which a contract is signed but the sale has not yet closed. “Pending home sales underperformed once […]

SEE IT: Oakland agents caught on camera giving buyers tips on how to evict tenants

Agents in the rapidly gentrifying San Francisco Bay Area city of Oakland, California, have been caught on camera giving advice on how to evict tenants to a local news reporter posing as a prospective buyer. In early June, KPIX 5 reporter Susie Steimle attended at least three open houses for renter-occupied duplexes and triplexes in […]

Localize, the artificial intelligence-driven startup, raises $11 million

Localize, a two-year-old startup that aggregates detailed summaries of every address in New York City with the help of artificial intelligence, has raised $11 million in a funding round, company executives told Inman. The New York City-based startup, which provides information on schools, construction, weather conditions and other neighborhood amenities, raised $3 million in an […]

Does a Compass lie? Finding true north in real estate

Earlier this week, Brad Inman relayed a story about a spat between Windermere and Compass. His analysis seems like the perfect lens through which to view the current state of the industry. Source: click here

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