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Redfin beats expectations, posts $239M in revenue for Q3 2019

The latest earnings report comes as the tech-oriented brokerage steadily expands programs such as RedfinNow and Redfin Direct, which could upend how consumers engage with real estate. Source: click here

Should you let tenants and renters smoke marijuana where it’s legal?

Vacation rentals owners and managers weigh in on navigating the laws around the legal use of recreational marijuana. Source: click here

10 characteristics top producers share

Our industry is blessed with a variety of personalities, but here are the 10 traits that make them all the top producers in their markets. Source: click here

Fear disruption? Focus on agent-generated leads

Afraid of the disruptors coming into your industry? Afraid they’re going to make you irrelevant? Take control of your marketplace by nurturing and leveraging every connection you have in your communities. Source: click here

Pulse: ‘I have a friend in the business,’ 28 ways to respond

We asked, and you came out in droves to share your best responses. Here are our favorite objection handlers for “I have a friend in the business.” (Stay tuned for a new survey question next Wednesday!) Source: click here

The correlation between immigrants, housing and our communities is positive: Report

An October statistical analysis published by Clever Real Estate shows that there’s a strong correlation between higher home values and lower crime rates when immigrants, either legal or illegal, are accounted for. Source: click here

Home prices to spike in 2020: CoreLogic

Home prices in September grew by 0.4 percent by month and 3.5 percent year-over-year, according to the latest CoreLogic Home Price Index and Forecast report released Tuesday. Across the country, home prices have been growing steadily but at a slower rate than in previous years  — February  2016 saw peak year-over-year growth at 4.2 percent. […]

Opendoor adds new builders to its ‘trade up’ program

The company added two new partners this week for a program that allows homeowners selling to Opendoor to more easily buy and move into a newly built home. Source: click here

Bright MLS: Pocket listing ban won’t hurt discount brokerages

Bright MLS is facing resistance to a new policy that bans pocket listings, but it said Tuesday that the rule will still let discount brokerages customize commission offers. Source: click here

Stagnant homeowners are creating an inventory catch-22

The average American homeowner in 2019 has lived in their home for 13 years — a five-year increase from nearly a decade ago, according to a new Redfin report. Utahans and Texans are staying the longest, with the average homeowner staying in place anywhere from 21 to 23 years.  In a statement, Redfin said current homeowners […]

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