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Knock expands into Dallas-Ft. Worth to take on Opendoor

The launch in Texas was in part fueled by Dallas’ booming housing market  — home prices are up 5.2 percent year-over-year and, due to an influx of jobs, many people are looking to move to the area. Source: click here

Fewer Realtors are packing (guns and pepper spray)

Despite the illusion of more safety, the reality is that slightly more Realtors — 6 percent in 2018, compared to 5 percent in 2017 — were victims of a crime last year. Source: click here

Luxury Connect: Diane Ramirez on what it takes to advise luxury clients about wealth

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. As the chairman and CEO of Halstead Real Estate, Diane Ramirez […]

‘We’re building the next Amazon’: Knock CEO Sean Black on Texas expansion and plans to go public

With Knock marking three years since its launch, CEO Sean Black revealed the company’s plans for the future — and why he doesn’t consider Knock an iBuyer. Source: click here

US home loan originations have dropped to a 4-year low

Weakening mortgage demand caused by rising mortgage rates has slowed loan originations to its lowest level since Q1 2014, according to Attom Data Solutions latest report. In Q2 2018, the number of loans secured by a residential property declined 16 percent quarter-over-quarter and 27 percent year-over-year to 1,527,433. Purchase loans took the biggest year-over-year hit, […]

San Francisco Bay Area MLS to offer up platform alternative

In January, the Oakland/Berkeley Association of Realtor-owned bridgeMLS will launch connectMLS, an MLS system from the software firm dynaConnections. Source: click here

Agent faces up to 5 years in prison for bankruptcy fraud

A real estate agent based in the Tampa, Florida area faces up to five years in federal prison for attempting to stop Fannie Mae from foreclosing on a property so that he could sell it himself, the U.S. Department of Justice announced Wednesday. According to a plea agreement, David Lyle Morgan, 53, entered into a […]

Cameron Paine joins eXp Realty

Cameron Paine, who served as founding CEO of Connecticut Multiple Listing Service, has taken the reins as senior vice president of industry relations at eXp Realty, the company announced on Wednesday. As a founding CEO of the Connecticut MLS since 2006, Paine oversaw a merger between his group and the Greater Fairfield County CMLS to […]

Should Realtor ethics violations be posted? Agents sound off

The Realtor community is split about whether or not to publicize the names of Realtors who violate the National Association of Realtors’ (NAR) Realtor Code of Ethics. Source: click here

Figuring out financing is the first step for 73.5% of buyers

As low supply and high demand create uber-competitive real estate markets, homebuyers are beginning to prioritize financing options first, according to a recent report by loanDepot and its home services brand, mellohome. In a survey of 1,000 buyers, 73.5 percent said they researched financing options before they began looking for a home. That percentage jumped […]

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