This summer 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. Los Angeles agent Sally Forster Jones has been a luxury household […]
On the heels of its combined $800 million in funding for Opendoor and Compass, SoftBank sees opportunities to build successful, profitable, disruptive new businesses that leverage technology across the entire real estate supply chain. Source: click here
The funding round includes additional participation from Wellington, IVP and Fidelity. To date, Compass has raised $1.2 billion in venture capital funding. Source: click here
Leaders of the Council of Multiple Listing Services (CMLS) urged their members to be part of the change in the industry as CMLS kicked off its annual conference Thursday. Source: click here
A new national poll, commissioned by flat-fee brokerage Purplebricks, found that real estate agents and journalists are among the least trustworthy professions in American consumers’ minds. Source: click here
Two MLS consolidation efforts were announced Tuesday, one in New York and another in Illinois. Source: click here
Watch Byron Lazine and Nicole White talk about BRIX Real Estate’s Simple Offer program that allows sellers to check out Opendoor’s investor bids right from the brokerage’s website. Source: click here
Keller Williams has been quietly testing an iBuyer program for more than a year in an undisclosed market. Darryl Frost, a spokesperson for Keller Williams, told Inman the company has closed nearly 100 transactions, but it’s not ready to go to market; it’s still in the ideation stage. Source: click here
Pending home sales, in which a contract is signed but the sale has not yet closed, dropped 2.3 percent in August — the eighth consecutive month of annualized declines, according to the latest National Association of Realtors Pending Home Sales Index, released Thursday. Low inventory and rising home prices propelled the latest decline, pulling the Pending Homes […]
Mortgage rates have continued their upward march to the highest level since April 2011, according to the latest Primary Mortgage Market Survey from Freddie Mac. The rate for a 30-year fixed-rate mortgage averaged 4.72 percent for the week of September 27 — only 0.6 percentage points from the recent 4.72 percent high seen on April 28, 2011. Last week, the […]
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