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Zillow: Our iBuyer offers are nearly the same as traditional offers

A year and a half after Zillow began buying houses with cash, the online real estate giant says that its instant iBuyer offers are nearly the same as what sellers can get on the open market. Source: click here

Agentology rebrands as ‘Verse,’ branches out beyond real estate

The company will now field and vet leads for companies in sectors such as education and insurance as well as real estate. Source: click here

WATCH: How to tailor your social media to your customers

Succeeding at social media means knowing who your customer is, and going where they are. That was one of the key takeaways from a Q&A session at Inman Luxury Connect with four experts. Source: click here

HomeLight nabs $109M in new funding round

Real estate referral and transaction management startup HomeLight announced Tuesday it’s raised $109 million in new financing. The company plans to use the money to build out its closing services and home loans business. Source: click here

Compass makes major changes to its stock option program

The company is shifting from offering equity stock options to restricted stock units, which are typically viewed as a tactic deployed to keep the talent it recruits. 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 […]

Woolworth penthouse for sale. Ordinary minds need not apply

The penthouse in New York’s iconic Woolworth building is proving to be a challenging pitch. As first reported by the Wall Street Journal, real estate developer Ken Horn has been looking for buyers for the five-story, geometrically designed penthouse on top of the iconic New York City skyscraper. The property has been available for sale […]

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