Recent Articles by Teke Wiggin

Placester, a real estate tech provider, raises another $50 million

Placester, a real estate tech provider, raises another $50 million

Marking venture capital's latest splurge on real estate tech, software provider Placester has clinched another $50 million in a Series D funding round, bringing the company's total funding to $100 million ......
By Teke Wiggin | 1 hour ago
A reverse arrow on a street Existing-home sales backtrack in February after January high

Existing-home sales backtrack in February after January high

After rising to their highest level in almost a decade, existing-home sales slackened in February, with an inventory shortage continuing to constrain the market. ......
By Teke Wiggin | Wednesday, March 22, 2017
How much money do Opendoor sellers leave on the table?

How much money do Opendoor sellers leave on the table?

How much money do homesellers leave on the table if they sell to Opendoor, the property-exchange platform that's raised $320 million? A look at Opendoor's listings in Las Vegas, the company's latest market, points towards the answer. On March 17, Ope...
By Teke Wiggin | Wednesday, March 22, 2017
A man knocking on a door Door, a Dallas hybrid real estate brokerage, nabs $2.3 million in funding

Door, a Dallas hybrid real estate brokerage, nabs $2.3 million in funding

Another day, another hybrid brokerage funding round. Dallas-based Door, a high-tech brokerage that pockets only $5,000 for representing buyers and sellers, has raised $2.3 million to build on the momentum of a promising first year ......
By Teke Wiggin | Tuesday, March 21, 2017
Realvision lets you create 3-D home tours with DSLR camera

Realvision lets you create 3-D home tours with DSLR camera

Some real estate professionals may want to add 3-D home tours to their marketing repertoire but aren't ready to cough up the cash for the necessary hardware. ......
By Teke Wiggin | Monday, March 20, 2017
Purplebricks, UK hybrid real estate brokerage, to invade US with $60M

Purplebricks, UK hybrid real estate brokerage, to invade US with $60M

An elderly British man asks a homeseller if he used the real estate firm Purplebricks to sell his home. “They’re just online, aren’t they?” asks the seller. “No, no, they’re proper estate agents,” insists the elderly man. “You just do...
By Teke Wiggin | Thursday, March 16, 2017
Caravanning to listings? Follow app keeps real estate agents and homebuyers together

Caravanning to listings? Follow app keeps real estate agents and homebuyers together

Daydreaming, yellow lights and aggressive drivers can separate real estate agents from buyers as they caravan from one home to the next. Enter Follow. The new mobile app, which is available for both Apple and Android devices, makes it easy for the tw...
By Teke Wiggin | Thursday, March 16, 2017
A blurry photo of a marketplace HouseLens unveils real estate photography marketplace for agents

HouseLens unveils real estate photography marketplace for agents

Real estate agents are embracing the "on-demand" zeitgeist, increasingly answering email inquiries, firing off comparative market analyses (CMAs) and showing homes lickety-split ......
By Teke Wiggin | Friday, March 10, 2017
Trelora inviting homebuyers to talk directly to sellers

Trelora inviting homebuyers to talk directly to sellers

Trelora, a low-fee Colorado brokerage with a history of ruffling feathers, now allows prospective buyers to communicate directly with its seller clients through a chat feature on its website ......
By Teke Wiggin | Thursday, March 9, 2017
$6B in proposed HUD cuts: Real estate industry reacts

$6B in proposed HUD cuts: Real estate industry reacts

The Trump administration is considering slashing the budget of Department of Housing and Urban Development (HUD) by $6 billion, The Washington Post reports, citing preliminary budget documents ......
By Teke Wiggin | Thursday, March 9, 2017
LendingHome, an online mortgage shop, puts borrower in the driver’s seat

LendingHome, an online mortgage shop, puts borrower in the driver’s seat

Lenders are increasingly allowing homebuyers to apply for mortgages online, but the underwriting process often requires drawn-out communication and additional paperwork submission ......
By Teke Wiggin | Thursday, March 9, 2017
A woman's hand opening a door Latch smart lock could make instant property showings a reality

Latch smart lock could make instant property showings a reality

Imagine a prospective homebuyer wants to see a home ASAP, but her real estate agent can't be there for hours. Latch, a smart lock, can solve the problem ......
By Teke Wiggin | Wednesday, March 8, 2017
A key in a door Opendoor launching mortgage brokerage — a first step to seller financing?

Opendoor launching mortgage brokerage — a first step to seller financing?

Opendoor, the property-exchange platform that's raised $320 million, is launching a mortgage brokerage that could connect buyers with loans to purchase its homes. ......
By Teke Wiggin | Monday, March 6, 2017
A close-up of a man's hand with a microscope NeighborhoodScout unveils ‘micro-neighborhood’ home price forecasts and crime ratings

NeighborhoodScout unveils ‘micro-neighborhood’ home price forecasts and crime ratings

Due to fair housing laws, real estate agents can skate on thin ice if they discuss sensitive neighborhood information with homebuyers, such as demographic makeup, school quality and crime levels ......
By Teke Wiggin | Thursday, March 2, 2017
Zillow Group’s dotloop unveils new API for real estate tech developers

Zillow Group’s dotloop unveils new API for real estate tech developers

Real estate agents who use dotloop now stand a better shot at enjoying future integrations between the transaction management software and other tools they use to boost productivity. ......
By Teke Wiggin | Thursday, March 2, 2017
5 ways real estate agents can respond to: ‘Please don’t call me again’

5 ways real estate agents can respond to: ‘Please don’t call me again’

A real estate agent recently received a firm response after soliciting a homeowner's business, to the effect of: "I am not selling. Please don't call me again." How should she have responded? Respect the homeowner's wishes and move on, most agents ag...
By Teke Wiggin | Thursday, March 2, 2017
Two chairs under the same umbrella RealScout’s BrokerIQ helps brokerages ‘close more deals in house’

RealScout’s BrokerIQ helps brokerages ‘close more deals in house’

Brokerages hold office sales meetings, in part, to encourage agents to find out whether any of their coworkers have listings suitable for their buyer clients.......
By Teke Wiggin | Tuesday, February 28, 2017
Realogy Holdings Corp. turned higher profit in 2016

Realogy Holdings Corp. turned higher profit in 2016

Realogy Holdings Corp. posted a profit of $213 million in 2016, up by 16 percent from the previous year -- though the company's results reflected the "operating challenges" of strong competition for sales agents and soft demand for pricier homes, sai...
By Teke Wiggin | Friday, February 24, 2017