The MAR executive committee appointed Theresa Hatton, formerly of the Hudson Gateway Association of Realtors, after a nearly six-month search. Source: click here
Nonetheless, many renters doubt they’ll ever own a home, according to a survey by the New York Federal Reserve. Source: click here
NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. Realogy is also shedding more and more poor performing agents, I am told — something most brokers are afraid to […]
In college, Opendoor CEO Eric Wu was an enterprising, if geeky, young man. He used money from a scholarship at the University of Arizona to build a small rental empire during the housing boom, he revealed in a new CNBC profile. The article underlined his tech and property management expertise while offering some insight into how […]
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 […]
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