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Sotheby’s International Realty hires new chief marketing officer

Chief Executive Philip White made the decision to replace Kevin Thompson with Brad Nelson, a longtime veteran leader of the brand. Source: click here

These 9 American cities will become unaffordable by 2025

Charlotte, Spokane and Grand Prairie are all at risk of going the way of Seattle and San Francisco and becoming unaffordable in less than five years. A new GoBankingRates report identified American cities in which the average home value would rise above the national median — at the moment, $231,000 and growing by 2.8 percent […]

Wells Fargo backs 8 green housing startups

On Tuesday, Wells Fargo announced it is backing a raft of startups that are developing clean technologies for residential buildings. The support comes from IN2, a $30 million startup incubator funded by Wells Fargo and co-administered by the U.S. Department of Energy National Renewable Energy Laboratory (NREL). “The goal is to help ratepayers use energy […]

Owners pull sex dungeon home off market, pivot to BDSM rental

The owners of a notorious Pennsylvania home that went viral earlier this year after pictures of its basement sex dungeon were posted on Redfin and Zillow have pulled the property off the market and turned it into a erotic retreat. In February, Coldwell Banker agent Melissa Leonard listed the Colonial-style home in the Philadelphia suburb […]

Opendoor’s next frontier: Older, pricier homes in LA

The iBuyer will purchase homes costing up to $800,000 in the Los Angeles metro area, which is home to more than 13 million people. Source: click here

Paul Manafort’s former son-in-law gets 9 years for real estate scams

Paul Manafort’s former son-in-law, Jeffrey Yohai, was sentenced to nine years and two months in prison for a series of fraud schemes involving high-end Los Angeles real estate. As first reported by Politico, Yohai, 37, pleaded guilty to a variety of frauds, including leading investors to believe that he was building spec houses in wealthy parts […]

S2E1 – A CEO State of Mind

Leadership can be an elusive concept. There’s no true recipe for success, as leadership styles vary across cultures and industries. However, one thing rings true – the best CEOs start by addressing mindset before taking action. This episode walks through the development of this mindset and identifies the three key elements that make up the […]

As California rolls out short-term rental regulations, investors look elsewhere

Los Angeles, which thanks to its beaches and good weather is one of the world’s most popular destinations, recently embarked on an experiment that could radically change its tourist industry: It started enforcing new short-term rental regulations. The move is a major development in the long-running vacation rental saga, but it also highlights the growing complication […]

Are open houses too dangerous to justify?

Following a wave of headlines about open house-related crime, agents say safety issues are a growing concern in the real estate industry. Source: click here

Pulse: 26 handlers for ‘Another agent said we could get more money’

We asked, and you all came out in droves to share your best responses. Our favorite handlers from last week’s Pulse survey include asking to see the other agent’s math and emphasizing an ethical obligation to disagree. Source: click here

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