Just because you’re not selling a home doesn’t mean you can’t participate in an iBuyer program. On Thursday, real estate tech startup Knock launched a new product for first-time homebuyers: Knock will help them get pre-approved for a mortgage, buy a house on their behalf in cash and then transfer it over to them. “First-time […]
Freddie Mac released its latest Primary Mortgage Market Survey (PMMS) results Thursday, which revealed that mortgage rates have dropped 0.2 percentage points week-over-week to 4.55 percent — the fourth decline in the past five weeks. Freddie Mac Chief Economist Sam Khater says mortgage rates have stabilized over the past two months, a piece of good news […]
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they’ll talk through Zillow putting its first Instant Offers home under contract as a seller. Source: click here
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
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 […]
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
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 […]
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 […]
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 […]
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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