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Airbnb cannibalizes budget hotels but amps up demand for rooms

There might be more to the story than just Airbnb taking business away from hotels. A new study found that the home rental platform actually takes the most business away from inexpensive budget hotels while driving up demand for the hospitality industry in general. The study, which was published by Tepper School of Business at Carnegie Mellon, researchers Hui […]

Ransomware attack delays home sales in Baltimore

The attack began last week and has locked up the city’s computer systems, which is preventing title companies from checking on properties’ lien statuses. Source: click here

Opendoor sued for trademark infringement over its mortgage brokerage

Open Mortgage operates 79 branches in 22 states and offered $668 million in home loans in 2017, according to a complaint the lender filed with the United States District Court for the Eastern District of Texas. It was founded in 2003, is headquartered in Austin and has 315 employees, according to its website.  Source: click […]

WeWork parent company sets up $2.9B property investment fund

The We Company, which is the parent company of the co-working platform WeWork, is setting up a new real estate investment fund for commercial projects around the world. Titled Ark, the new investment platform will have a fund of $2.9 billion, $1 billion of which comes from Canadian-based investor unit Ivanhoé Cambridge. The fund will […]

Dear Marketing Mastermind: How do I make my open house more effective?

In this monthly advice column, the Marketing Mastermind answers three burning questions. This month’s topic: all things open house. Source: click here

A survival guide for sellers living in a fully staged home

Living in a fully staged house that must be ready on command for a showing is perhaps the least attractive part of the selling process. If you find your sellers are struggling to cope with living in a home that’s staged and actively being shown, heed these survival tips. Source: click here

Why you should treat everyone like a client from the moment you meet

Successful real estate agents foster a relationship dynamic in which clients and potential clients start thinking of them like their other service providers, such as their accountants, their dentists and their hair stylists. Source: click here

Crowdfunding platform buys what’s left of RealtyShares

Six months after crowdfunding platform RealtyShares went bust, another real estate firm has swooped in and acquired what remains of the once-buzzy company. Source: click here

Amazon’s $7K, do-it-yourself tiny home goes viral, sells out instantly

If you can’t find the perfect home, have one sent to you. A build-it-yourself tiny home recently posted on Amazon has been going viral and sold out almost instantly. The Allwood Solvalla Studio Cabin Kit, a DIY backyard guest house that the company claims can be built by two people in just eight hours, is currently […]

Foreclosure and delinquency rates continue to fall: CoreLogic

Delinquency rates have once again hit record lows, according to the latest data from CoreLogic, released Tuesday. Nationwide, 4 percent of U.S. homeowners fell behind on their mortgage payments in February, down from 4.8 percent during the same period last year and unchanged from last month. Foreclosure rates, in which one’s home is seized by the […]

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