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 […]
Reposted with permission from Mike DelPrete. Part 1 of this series took a detailed look at Compass’ growth strategies, while part 2 examined if Compass is a tech company or a traditional brokerage. Irrespective of the answer, Compass unquestionably needs to be a technology company — both to support its massive valuation and to be […]
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, […]
While $1.5 million is the price of a very nice house in much of the United States, that’s how much it costs to rent this opulent Bel Air mansion for one month. Courtesy of Compass The mega-mansion, located at 908 Bel Air Road and initially priced for sale at $180 million, was listed for rent earlier […]
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 […]
Federal regulators this week proposed a new rule that would roll back protections for transgender Americans in federally funded homeless shelters, raising the alarm bells of activists and advocacy groups. The proposed rule, which the Department of Housing and Urban Development (HUD) unveiled Wednesday, would let shelters with sex-segregated facilities consider gender identity or “sex as […]
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
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 […]
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 […]
The Los Feliz mansion, where cardiologist Harold Perelson once killed his wife with a hammer in 1959, is up for sale for $3.5 million. Source: click here
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