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Zillow announces major acquisition, posts loss of $3.09M in second quarter

The operator of listing portals Zillow, Trulia, StreetEasy and RealEstate.com, posted a $3.09 million net loss in the second quarter, down from a $21.8 million loss a year ago… Source: click here

WATCH: 5 things to know before picking a CRM

Sarita Dua, principal broker at Keller Williams Realty Professionals, shared the top five areas to focus on when choosing a CRM vendor. Source: click here

Zillow to acquire Mortgage Lenders of America, streamline buying through Zillow Offers

Zillow announced an agreement on Monday to acquire the Kansas-based online direct mortgage lending company Mortgage Lenders of America in a move aimed at streamlining the homebuying process for consumers looking to purchase directly from the Seattle-based technology giant through its Zillow Offers program.  Errol Samuelson, the chief industry development officer at Zillow “The goal here is […]

Lance Bass claims Douglas Elliman used him to drive up cost of ‘Brady Bunch’ house

Former ‘N Sync singer Lance Bass was forced to say ‘bye, bye, bye’ to his dream of owning the iconic Brady Bunch house — and he’s now accusing real estate brokerage Douglas Elliman of using his widely recognized name to drive up the cost of the property. Last month, the house featured in the opening […]

CINC debuts ‘Pro Broker’ to make life easier for indie brokerages

Independent brokerages are on the rise, and so too are tools catering specifically to their needs. CINC (Commissions Inc.), a real estate software provider owned by Fidelity National Financial, has debuted a new software suite that seeks to help those who are looking to launch new indies, as well as those currently operating independently. CINC’s new […]

WATCH: How to balance the urgent vs. the important with tech

We know how great technology is, and we know how very important relationships are to our business — so why is it so difficult for us to manage our database? Watch Contactually CEO Zvi Band address this for the audience at Inman Connect San Francisco. Source: click here

Plane carrying Pacific Union agents crashes, killing 5

A small passenger plane carrying three Pacific Union International agents and family members crashed on Sunday, killing all five on board, including the pilot. The victims, were identified Scott Shepherd, 53; Lara Shepherd, 42; Floria Hakimi, 62; Nasim Ghanadan, 29 and Navid Hakimi, 32, according to CBS Los Angeles. Floria Hakimi, Nasim Ghanadan and Lara Shepherd […]

In real estate’s tech platform race, I’m betting on an underdog

Maybe Cloud CMA will take off like the new viral Shiggy dance that propelled Drake’s new “In My Feelings” music video. I would dance the Shiggy to that. Source: click here

Wells Fargo blames 400 improper foreclosures on computer glitch

Wells Fargo improperly foreclosed on approximately 400 homes in which homeowners should have been eligible for a loan modification, according to the bank’s SEC filings. The troubled institution blamed the error on a computer glitch that occurred with an automated underwriting tool. The homes were foreclosed on between April 13, 2010 and October 20, 2015, according […]

Want to break into luxury real estate? Find out at Luxury Connect

This summer we’re looking at the state of the luxury agent & broker in today’s increasingly complex real estate market. In October, we’ll gather in Beverly Hills at Luxury Connect to share best practices, network, and create blueprint for the luxury agent/broker of tomorrow. Don’t miss it. What does it take to sell luxury real estate? The ability […]

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