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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 […]

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 […]

Blast from the past: Keller Williams and Compass go head-to-head on tech

The most important industry discussions are happening at Inman Connect. Don’t miss your chance to debate, define and discuss the future of real estate at the next Connect in New York, January 28-31. With hundreds of speakers, engaging sessions and not-to-miss networking events, Connect provides unlimited opportunities for agents and brokers to cultivate and grow […]

Compass goes global with India tech hub, adds Amazon veteran

The well-funded brokerage is opening a tech hub in Hyderbad’s HITEC City and plans to add 200 jobs in product and engineering. Source: click here

These are the cities with the most Airbnb listings

If you’re trying to rent an Airbnb, look no further than Florida. According to the latest report by Digital Third Coast, the state has seven out of the 10 cities with the most Airbnb listings in the country. Miami Beach, in particular, surpasses all others with 3,416 listings for every 50,000 people. By looking at […]

Showdown in San Francisco: High drama, huge stakes at NAR

This week, NAR members gather to face another set of tough decisions about the future of real estate. This time, pocket listings take center stage. Source: click here

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