In college, Opendoor CEO Eric Wu was an enterprising, if geeky, young man. He used money from a scholarship at the University of Arizona to build a small rental empire during the housing boom, he revealed in a new CNBC profile. The article underlined his tech and property management expertise while offering some insight into how […]
Six months after Amazon said it would build a major office in Arlington County, Virginia, home prices in the area have risen by $110,000. Source: click here
The big residential brokerage franchisors and holding companies filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry. Source: click here
NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. Realogy is also shedding more and more poor performing agents, I am told — something most brokers are afraid to […]
Earlier this year, Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin took to the stage at Inman Connect New York to discuss their differing visions for the residential real estate market. What transpired was a powerful session that highlights two leaders shaping the future of real estate. If you’re a regular at Inman Connect, then […]
Sales of new single-family homes dropped 6.9 percent from March to April, but are up 7 percent year-over-year, according to the latest data released Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development. “Sales fell after a huge jump in March, despite interest rates moving lower and aiding affordability,” Tendayi Kapfidze, […]
Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year fixed-rate mortgage. Rates on a 30-year mortgage were at 4.07 percent last week and 4.66 percent at this time last year. “Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates […]
The U.S. Securities and Exchange Commission (SEC) filed an emergency action Thursday against New York State real estate developer Robert Morgan, accusing him of fraud for siphoning and misusing investor funds. The SEC is seeking an asset freeze and other emergency relief, including the appointment of a temporary receiver over the relevant funds. Robert Morgan […]
When it comes to social media, it’s a bit of a jungle out there. To help new agents suss out what’s crucial, here are the top three platforms and some tips for how to make it all work with your marketing plan. Source: click here
In real estate, showcasing your professionalism is how you get business. It’s how you convince buyers and sellers to work with you over the plethora of other agents out there. What can you do to exhibit competence and display your skillset to past and future clients? Here are five pro moves that’ll set you apart […]
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