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NYC law firm mulls class action lawsuit against Realogy

The New York City-based law firm that previously filed a class action lawsuit against Zillow is putting Realogy in its crosshairs. Source: click here

Home prices rise 0.4% in April

U.S. home prices rose 0.4 percent from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI) released on Tuesday. The HPI is also up 5.2 percent from 2018 to 2019. Home prices are rising but not as fast as earlier this year, falling from February when the HPI was up […]

New home sales slumped in May

The number of new homes sold took a nosedive in May, falling 7.8 percent below April’s reported figure and 3.7 percent year-over-year, according to the latest data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. The median sales price of new homes sold was $308,000 and the average sales price was […]

Annual home price gains continue to slow down in April: Case-Shiller

Annual home price gains are continuing to slow down, driving toward their lowest level in seven years, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, released Tuesday. Home prices, on average, achieved an annual 3.5 percent gain in April, down from 3.7 percent the previous month. “Home price gains continued in […]

Ylopo debuts AI-powered virtual assistant

Real estate digital marketing startup Ylopo has developed a digital assistant that can send text messages and follow up with consumers on behalf of agents. Source: click here

NIMBYs, regulatory costs caused housing shortage: Harvard study

A shortfall in housing production is making homes ever more unaffordable for modest-income households, according to Harvard’s Joint Center for Housing Studies. Source: click here

Wayfair employees reportedly plan walkout over furniture for border camps

Popular online furniture and home goods store Wayfair has found itself in the middle of the politically charged fight over illegal immigration and the treatment of children detained at the U.S. border. Hundreds of employees of the Boston-headquartered merchant are reportedly planning to walk out of work tomorrow, Wednesday, June 26, in protest after learning that Wayfair […]

NYC developer launches all-in-one tenant service app

New York City-based developer and property manager Gotham unveiled Monday a new propriety app that allows residents to integrate every facet of the firm’s home management platform into their smartphone. From the app, residents living in buildings managed by the firm – which manages 2.3 million square feet of residential, commercial and retail properties – can […]

‘Cannabis Open House Party’ to launch social app Rila

The company will host a cannabis-themed open house in Sherman Oaks, California, replete with plants, hemp dog treats, skincare products and lessons on leaf trimming in the cabana — all to officially launch the social real estate app that uses agent- and community-based content to promote listings. Source: click here

Nextdoor will now tell you how much your home is worth

Community social network Nextdoor has been working for years to connect homeowners to real estate agents, but today unveiled a new tool meant to give consumers a deeper understanding of their local market and the value of their homes. “Your Home,” as the company is calling the new feature, is meant to be a landing […]

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