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Redfin slashes (or eliminates) ‘partner agent’ rebates

In a move that the brokerage says reflects its growing focus on offering savings to homesellers, Redfin has announced plans to slash or eliminate the rebate it offers to buyers whom the firm refers to non-Redfin agents, known as “partner agents.” The rebate reduction will take effect Feb. 1. From commission split to flat refund For closings […]

Supply still down in DC creating a strong seller market

Recent pending sales data suggests home buying activity in Washington, D.C. should be up on a year-over-year basis during early 2016. While activity and pricing vary by for-sale segment, DC should continue to motivate sellers this year. In November, there were 714 new pending sales in the district, an 8.7 percent year-over-year rise, according to data […]

Luxury listing: 1853 home upgraded for modern living

The four-bedroom, 4.5-bathroom home is a historic landmark located on a secluded lot on The Summit of Russian Hill with sprawling views of the San Francisco Bay and the skyline. Built in 1853, the two-level residence has been fully renovated with an elevator connecting to the two-car garage. The main level boasts a stunning foyer, living room, gourmet kitchen […]

Daily market update: Jan. 5, 2016

We’ll add more market news briefs throughout the day. Check back to read the latest. CoreLogic’s Home Price Index report for November 2015: Colorado, Hawaii, Nebraska, New York, Montana, Tennessee, Texas and Wyoming reached new price highs in November 2015. Home prices were up 6.3 percent year-over-year. CoreLogic forecasts that home prices will increase by […]

December 2015 industry partnerships and developments

Who joined forces in the real estate industry in December to help agents up their game, and who’s rolling out new products? Here’s our rundown, in chronological order. December 1 Long & Foster Real Estate announced that it has opened an annex office in Avalon, New Jersey. Select Group Real Estate Services has merged with two […]

1 billion Uber rides — who will be the first real estate disrupter to close 100,000 home sales?

After testing its ridesharing service in New York City with only three cars, Uber officially launched in San Francisco on July 5, 2010. On the last day of 2015, it celebrated its one billionth trip. Mind-boggling. But consider: One billion represents a small fraction of all personal trips on buses, trains, cabs, private autos, shared rides, […]

How to tap into the next big buyer wave — ‘boomers’

Read, “How to tap into the next big ‘boomer’ wave: Part 1.” As the boomers face “empty-nest syndrome” and retirement, they’re shedding their big family houses for a low-maintenance, lock-and-leave lifestyle, often in a warmer climate. Tapping into this trend can provide you with a lucrative business niche for many years to come. What will […]

Everyone in the markets is exhausted being Alice to Yellen’s White Queen

It is odd out there. High-volatility markets have gone still. Long-term interest rates certain to rise have fallen, mortgages back in the threes. The 242-seat Republican majority in the House is captive to 40 wild men, the party in many ways no longer a party. Vladimir’s latest excursion is only one miscalculation, one misidentified aircraft, one […]

Daily market update: Oct. 12, 2015

We’ll add more market news briefs throughout the day. Check back to read the latest. Weekly mortgage rates: Powered by MortgageCalculator.org Powered by MortgageCalculator.org Last week’s most recent market news: RealtyTrac’s U.S. Zombie Foreclosure and Vacant Property Report: A “zombie foreclosure” happens when a homeowner moves out of the home after foreclosure proceedings have started, but […]

Podcast: Killing it in real estate with the accumulation effect

Ever meet one of those agents who’s just absolutely raking in the cash in their real estate business and wondered how they did it? Every market’s usually got at least one agent like that, and if you’re like most agents, you’re wondering what their secret formula is. The simple truth is this: Every great financial achievement is […]

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