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As California fires rage, Realtors fear the worst

Update: Since the original story ran yesterday, the Camp Fire has spread to more than 20,000 acres as of this morning and the New York Times confirmed there are at least five fatalities of individuals that were trapped in cars as they tried to flee.  A fast-moving wildfire is raging through Butte County in Northern […]

Many renters struggle to meet basic needs: study

According to new research from the Urban Institute, renters are not only more likely than homeowners to find themselves in distress, they are also more likely to have difficulty digging themselves out of their financial issues. Source: click here

RE/MAX executive vice president to retire, take on advisory role

The man RE/MAX executives credit with significantly shaping one of the largest real estate franchisors in the nation is set to retire. Re/MAX announced on Tuesday that Mike Ryan, the executive vice president of the company is retiring. Mike Ryan. (Credit: RE/MAX) “Mike, or ‘Ryno’ as he’s known at RE/MAX Headquarters, has played a significant […]

Most Realtors get zero leads from personal websites: NAR

Should Realtors have personal websites? If their exclusive aim is to generate leads, NAR data offers a clear answer: Only if you’re willing to spend big. Source: click here

Breaking down the numbers: The true cost of opening a brokerage

Luke Monroe, the CEO and broker-owner of Kendrick Realty, shared with Inman his own recent experience opening his brokerage’s third office in California. Source: click here

Compass launches in Nashville

Compass‘ growing footprint has now officially expanded to Nashville, the real estate brokerage confirmed Wednesday. The New York City-based company first revealed it was eyeing the Music City for expansion when it announced its recent $400 million funding round. “Nashville is a market we’re particularly excited about,” Compass Chief Growth Officer Rob Lehman said in a […]

Wells Fargo foreclosed on 500 people due to ‘calculation error’

Hundreds of people were foreclosed on and lost their homes thanks to an internal calculation error on the part of Wells Fargo, the bank confirmed Tuesday. The foreclosures happened after the homeowners had asked Wells Fargo for assistance in the form of modifications to their mortgages. However, an “automated calculation error regarding foreclosure attorneys’ fees” […]

Flat-fee brokerage Purplebricks reports growth in the US

Flat-fee brokerage Purplebricks reported Tuesday that its business in the U.S. is growing, and that overall the company is on track to meet its revenue goals. In a Tuesday earnings report, the company touted growth on multiple fronts. In the U.S., it now has 140 sales consultants and local real estate experts working across seven […]

Realtor unearths family mementos left behind by homeowners, uses social media to track them down

While cleaning her home of 18 years to ready it for a sale, Realtor Connie Schwartzman noticed something unusual in one of the corners of the attic. A pink and blue baby book, full of jotted-down family memories, photos and animal stickers, had been left behind by a former owner of the building. An associate […]

More properties are equity-rich than ever before

The number of American properties that are equity-rich has reached an-all time high of 14.5 million, or according to new third quarter 2018 data from property data tracking firm Attom Data Solutions. An equity-rich property is defined as one where the combined estimated amount of loans secured is 50 percent or less of the property’s market worth. More […]

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