Jay Thompson is a former brokerage owner who spent the past six years working for Zillow Group. He retired in August 2018 but can’t seem to leave the real estate industry behind. His weekly Inman column publishes every Wednesday. Last week, there was horrific news of yet another real estate professional being murdered while on […]
More than three-quarters of all homes currently on the market will sell below asking in 2019, according to an analysis by Knock, the home-resale company. By looking at on-market listings and sales trends across the country, Knock determined that 62 percent of all homes sold below asking price in 2018, according to a national forecast […]
A real estate agent who stole more than $22 million from her clients over two years has been sentenced to more than seven years in prison, the Department of Justice announced this week. Emily Moerdermo Fu, a real estate agent and businesswoman in Atlanta, has been operating the company Capital Management since 2004. The Suwanee, Georgia-based firm […]
The Trump administration is preparing to nominate Mark Calabria to head the Federal Housing Finance Agency, the agency tasked with overseeing Fannie Mae and Freddie Mac. Source: click here
After reaching out to pilot brokerages and multiple listing services nationwide, it appears brokerages may not be using Upstream at all. Source: click here
Michael Cohen, the lawyer who previously represented Donald Trump, was sentenced to three years in prison Wednesday for lying about the president’s real estate projects and for his role in a scandal that involved two women claiming they had affairs with the now chief executive. Cohen previously pleaded guilty to tax fraud, campaign finance violations, […]
Realtor.com has added a new feature for mobile users to grant them the ability to get an immediate connection to a real estate agent through text messaging, the real estate portal announced Wednesday. “We believe that real estate professionals play a vital role in the home buyer’s journey, and with 78 percent of realtor.com users […]
For purchase mortgages, across all loan types, the net share of lenders reporting demand growth over the previous three months clocked the lowest reading for any fourth quarter since the Fannie Mae survey’s inception in 2014. Source: click here
(Credit: Redfin) Bidding wars for homes have dropped to their lowest level in eight years, according to Redfin, but competition still remains strong in the nation’s hottest markets. An estimated 32 percent of offers written by Redfin agents on behalf of the consumer faced one or more competing bids, down from 45 percent a year […]
For some real estate agents, the pressure to give off a flawless appearance leads to plastic surgery and costly, age-defying medical procedures. Source: click here
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