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Change to proposed pocket listing policy announced at NAR Expo

“Clear Cooperation Policy” will now require that properties be submitted to the MLS within one business day, a change that puts the policy more in line with Bright MLS’s rule. Source: click here

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 […]

Housing affordability improved modestly in third quarter: NAR

Housing affordability experienced improvement nationwide after months of struggling, according to the National Association of Realtors’ Housing Affordability Index released Thursday. In the third quarter, the median price of a single-family home in the United States rose to $280,200 from $279,500. Nonetheless, mortgage rates fell from 4.08 percent to 3.71 percent while the percentage of […]

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

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