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Hurricane Michael barreling toward $13.4B in real estate

With Hurricane Michael swirling toward the Gulf Coast, property valued in excess of $13.4 billion is at risk of storm damage, according to an analysis by CoreLogic released Tuesday. The property analytics provider found that over 57,000 homes are in the path of the storm, which is scheduled to hit Florida by Wednesday afternoon. Currently a Category 2 […]

Redfin hires new chief economist from Amazon

Redfin has a new chief economist. Daryl Fairweather, who comes to Redfin from Amazon, will oversee the tech-powered brokerage’s team of economists and data scientists, who research and compile reports on the market, homeownership and the economic factors impacting housing. “My first experience with the economics of housing came right after the financial crash, right […]

Leading Edge Real Estate lands suitor following Compass jilt

Less than three months after being stranded at the altar by Compass, Leading Edge, the Boston-based real estate brokerage, has finally found a suitor in MoxiWorks, it was announced on Tuesday. MoxiWorks, a real estate technology company that provides its open platform to 110,000 agents and 60 brokerages nationwide, will extend its suite of tools […]

Luxury Connect: David Friedman on how to talk to wealthy clients

Last call for tickets! This fall we’re looking at the state of the luxury agent & broker in today’s increasingly complex real estate market. In October, we’ll gather in Beverly Hills at Luxury Connect to share best practices, network, and create blueprint for the luxury agent/broker of tomorrow. Don’t miss it. David Friedman created the world’s leading database […]

Luxury Aspen resort divides into shares, sells $18M on blockchain

The tokens representing fractional ownership of the St. Regis can be traded on the Ethereum blockchain, one of the most prominent distributed ledger technologies whose enthusiasts say has the potential to transform the real estate industry. Source: click here

Delinquency rate hits new low

Mortgage delinquency and foreclosure rates hit a 12-year low in July, continuing a streak of month-over-month declines, according to CoreLogic’s latest Loan Performance Insights report, released Tuesday. Nationwide, 4.1 percent of mortgages were delinquent, meaning late by more than 30 days, compared to 4.7 percent over the same period last year and 4.3 percent in June, […]

How to build your ultimate real estate to-do list

The first step in killing it at real estate is handling what needs to get done effectively. Here are three tips to help you build your perfect to-do list.  Source: click here

Are real estate’s giants ready for a stock market correction?

This year, the Fed has raised short-term interest rates three times, pushing short-term interest rates to 2.25 percent and 10-year U.S. Treasury notes to 3.23 percent — all of which makes borrowing more expensive for buyers, companies, and investors alike. “Higher yields equate to steeper borrowing costs for corporations and investors alike, and have caused a reassessment […]

Ten-X execs launch new commercial real estate marketplace and MLS

Former executives of real estate startup Ten-X are going full throttle into the commercial real estate business with the launch of a new marketplace and MLS. Called Biproxi, the new real estate tech platform will feature commercial real estate sales and leasing listings of under $25 million and 50,000 square feet. This makes its primary client […]

3 ways real estate agents can help renters become homeowners

Renters are stuck between a rock and a hard place. Despite rent growth slowing to under three percent over the past six months, median rents have soared to $4,000 in coastal hotspots like New York, Boston, Los Angeles and San Francisco while the other option, homeownership, isn’t any cheaper. Zillow’s latest consumer report, however, shows that, in […]

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