Global luxury real estate brand Engel & Völkers announced Thursday it’s entering the Brooklyn market with three new offices led by Donald Brennan, a longtime residential real estate leader in New York City. Source: click here
Owners.com, a former for-sale-by-owner search site turned tech-focused brokerage, is making the switch to employee agents, according to job listings in multiple markets. Source: click here
The Los Feliz mansion, where cardiologist Harold Perelson once killed his wife with a hammer in 1959, is up for sale for $3.5 million. Source: click here
The big residential brokerage franchisors and holding companies filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry. Source: click here
Six months after Amazon said it would build a major office in Arlington County, Virginia, home prices in the area have risen by $110,000. Source: click here
Earlier this year, Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin took to the stage at Inman Connect New York to discuss their differing visions for the residential real estate market. What transpired was a powerful session that highlights two leaders shaping the future of real estate. If you’re a regular at Inman Connect, then […]
The U.S. Securities and Exchange Commission (SEC) filed an emergency action Thursday against New York State real estate developer Robert Morgan, accusing him of fraud for siphoning and misusing investor funds. The SEC is seeking an asset freeze and other emergency relief, including the appointment of a temporary receiver over the relevant funds. Robert Morgan […]
Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year fixed-rate mortgage. Rates on a 30-year mortgage were at 4.07 percent last week and 4.66 percent at this time last year. “Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates […]
Reposted with permission from Mike DelPrete. Part 1 of this series took a detailed look at Compass’ growth strategies, while part 2 examined if Compass is a tech company or a traditional brokerage. Irrespective of the answer, Compass unquestionably needs to be a technology company — both to support its massive valuation and to be […]
Sales of new single-family homes dropped 6.9 percent from March to April, but are up 7 percent year-over-year, according to the latest data released Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development. “Sales fell after a huge jump in March, despite interest rates moving lower and aiding affordability,” Tendayi Kapfidze, […]
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