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Officials move to raze Mohamed Hadid’s Bel Air spec mansion

A Los Angeles spec mansion in the beginning stages of construction by Mohamed Hadid, a real estate developer and father of supermodels Gigi and Bella Hadid, may soon be reduced to rubble. Gigi Hadid. Wikimedia. Los Angeles city attorneys have filed a motion asking a judge to force Hadid to tear down the partially built […]

Redfin up, recruitment down: 3Q19’s big winners and losers

How did Zillow, eXp Realty, Move.com, Realogy and homebuyers themselves fare during third-quarter earning calls this week? Source: click here

Airbnb to pay for funerals after shooting at listing

After Airbnb’s CEO tweeted that the short-term rental platform was supporting families impacted by a massacre at one of its listings, lawyers representing one of those families accused the firm of doing nothing of the sort. “They haven’t even reached out to apologize,” the attorneys said in a statement released Thursday, CBS’s San Francisco affiliated […]

Mortgage closing platform Snapdocs raises $25M round

Snapdocs, a mortgage closing platform that claims to power 10 percent of all U.S. residential mortgage transactions, has nabbed an additional $25 million in funding. It plans to use the money to further expand a business that it says stands out from some competitors due to a focus on cooperating with industry incumbents, rather than […]

US home prices spiked nearly everywhere in third quarter: NAR

Home prices rose in 93 percent of all U.S. metro markets in the third quarter, according to the Metropolitan Median Area Prices and Affordability report released Thursday by the National Association of Realtors. A median single-family home now commands $280,200, up 5.1 percent from $266,500 during the same period in 2018. Some cities experienced particularly […]

WATCH: ‘Million Dollar Listing’ star Fredrik Eklund on selling anything to anyone

Create your own success story at Inman Connect New York, January 28-31, where over 4,000 industry professionals gather to forge new relationships, share tactical takeaways and discover the latest technology to boost their bottom line. With hundreds of speakers, engaging sessions and can’t-miss networking events, Connect provides unlimited opportunities for agents and brokers to cultivate […]

Viral Zillow listing featured lines of white powder on kitchen counter. Was it cocaine?

A homeowner’s boyfriend put a listing photo on Zillow that showed lines of white powder, reminiscent of cocaine, on a plate in the kitchen counter, prompting it to go viral. The listing, for a five-bedroom home in the Detroit suburb of Oak Park with an asking price of $165,000, began making the rounds on social […]

Realogy posts a net loss of $70M in Q3 after $1.6B in revenue

The loss was driven primarily by a $180 million impairment at NRT, Realogy’s own-side brokerage. Source: click here

Realogy to sell relocation arm of Cartus for $400M

The move will not include affinity programs like newly announced partnerships with Amazon and AARP. Source: click here

Zillow is testing a closing services platform

Zillow is testing a “homegrown closing services” platform in a handful of markets — including title and escrow services — in an attempt to bring the company closer to offering a one-stop platform to wrap around its homebuying and selling platform Zillow Offers. Source: click here

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