Recent Articles by Teke Wiggin

A toll booth New down payment option could boost homeownership

New down payment option could boost homeownership

Federal mortgage guarantor Freddie Mac is piloting a groundbreaking program that lets homebuyers get half of a 20 percent down payment covered by a financial firm in exchange for home equity ......
By Teke Wiggin | 12 hours ago
A female doctor examining an X-Ray Should real estate agents use ‘transparent bidding’?

Should real estate agents use ‘transparent bidding’?

Like many listings in the Seattle area, Keith Mourer’s property received multiple offers -- 10, to be exact. But this wasn’t a typical bidding war. Prospective homebuyers could see the offers they were competing against in a process known as "tra...
By Teke Wiggin | Wednesday, December 7, 2016
A stack of $100 bills Morgan Stanley valued realtor.com at $2.5 billion: News Corp.

Morgan Stanley valued realtor.com at $2.5 billion: News Corp.

Morgan Stanley estimates realtor.com is worth $2.5 billion, News Corp. CEO Robert Thomson said in a recent interview. That's more than double the $950 million that News Corp. paid for the listing portal's owner, Move Inc., two years ago ......
By Teke Wiggin | Wednesday, December 7, 2016
Airbnb open on an ipad Short-term rentals don’t have big impact on rents, experts say

Short-term rentals don’t have big impact on rents, experts say

What happens to rents if short-term rentals take a bite out of long-term inventory? The answer might very largely by city, but short-term rentals don't have a substantial impact on housing affordability, according experts surveyed by Zillow ......
By Teke Wiggin | Tuesday, December 6, 2016
A handshake from a low angle Realtor.com operator sells TigerLeads to Commissions Inc.: sources

Realtor.com operator sells TigerLeads to Commissions Inc.: sources

Realtor.com operator Move Inc. has sold lead-generation company TigerLeads to customer relationship management (CRM) system provider Commissions Inc. Terms of the deal were not disclosed ......
By Teke Wiggin | Friday, December 2, 2016
Ripples in clear water What Opendoor’s Uber-like funding round means for real estate

What Opendoor’s Uber-like funding round means for real estate

Opendoor's deployment of $320 million in equity funding and $400 million in debt will send shockwaves across the industry, perhaps most by popularizing new technology and business practices ......
By Teke Wiggin | Friday, December 2, 2016
A handshake in the midst of action HAR will offer Zillow Group’s dotloop to its 34,000 members

HAR will offer Zillow Group’s dotloop to its 34,000 members

All 34,000 members of the Houston Association of Realtors will gain full access to transaction-management platform dotloop, marking a big win for the Zillow Group subsidiary ......
By Teke Wiggin | Thursday, December 1, 2016
Sergei Aleshin / Shutterstock.com Opendoor raises $210 million in massive funding round

Opendoor raises $210 million in massive funding round

Opendoor has filled up its venture-funding piggy bank with another $210 million in funding, led by Norwest Venture Partners, with participation from NEA and existing investors Khosla Ventures and GGV Capital. The latest funding round handed the two-y...
By Teke Wiggin | Wednesday, November 30, 2016
An older couple talking to a broker Redfin unveils agent CMA tool, scraps consumer version

Redfin unveils agent CMA tool, scraps consumer version

What if real estate agents could quickly show sellers not only how much their home is worth, but also hard numbers on its desirability? That's the idea with a new comparative market tool (CMA) unveiled by high-tech brokerage Redfin ......
By Teke Wiggin | Wednesday, November 30, 2016
Evlakhov Valeriy / Shutterstock.com Faira charged with operating as unlicensed brokerage by regulator

Faira charged with operating as unlicensed brokerage by regulator

The Washington State Department of Licensing has notified Kirkland, Washington-based FSBO startup Faira that the agency planned to serve the company with a cease-and-desist letter for conducting certain activities without a broker’s license, includ...
By Teke Wiggin | Tuesday, November 29, 2016
A tire swing and playground behind a home Should real estate agents take their kids to property showings?

Should real estate agents take their kids to property showings?

When Realtor Darrel Scott brought his son to a showing this year, he set the child loose on the property’s swing set and trampoline ......
By Teke Wiggin | Tuesday, November 22, 2016
sondem / Shutterstock.com ‘Blockchain for title deeds’ unveiled

‘Blockchain for title deeds’ unveiled

Property search sites, e-signature software and other innovations allow buyers, sellers and real estate agents to complete much of a real estate transaction online. But the title transfer process remains a barrier to automation ......
By Teke Wiggin | Thursday, November 17, 2016
A woman on her cell phone Trust Stamp, a safety tool for real estate agents, nabs NAR funding

Trust Stamp, a safety tool for real estate agents, nabs NAR funding

As several real-life horror stories have shown, Realtors can put themselves in harm's way if they show homes to strangers. The National Association of Realtors (NAR) has taken another step toward addressing the problem by backing a startup, Trust Sta...
By Teke Wiggin | Wednesday, November 16, 2016
grinvalds / iStock.com Placester unveils mobile app for real estate agents

Placester unveils mobile app for real estate agents

Placester, a well-funded real estate software provider, has unveiled a mobile app that lets agents manage leads on the go. ......
By Teke Wiggin | Wednesday, November 16, 2016
sezer66 / Shutterstock.com Is your brokerage a certifiable ‘force for good’?

Is your brokerage a certifiable ‘force for good’?

Hybrid brokerage Houwzer has highlighted a new way real estate firms who give back can get the recognition they deserve: earning a designation from an organization called B Lab. The Philadelphia-based startup recently announced that it's the first br...
By Teke Wiggin | Tuesday, November 15, 2016
Pikcha / Shutterstock.com Realtor.com overhauls listing ad offering

Realtor.com overhauls listing ad offering

Since purchasing realtor.com operator Move two years ago, News Corp. has poured money into realtor.com to bolster its allure to agents and consumers ......
By Teke Wiggin | Tuesday, November 15, 2016
film, reel, video, video marketing Zillow brings property video tours to rental listings

Zillow brings property video tours to rental listings

Real estate agents have added tens of thousands of walkthrough videos to Zillow for-sale listings since the property search site rolled out a video option in February. Now the listing portal has carved out space for property clips on rental listings ...
By Teke Wiggin | Monday, November 14, 2016
A man on Facebook in a cafe Facebook to bar housing ads targeted by race

Facebook to bar housing ads targeted by race

Facebook announced the change after meeting with policymakers and civil rights leaders to discuss concerns that the social media site could allow advertisers to discriminate against minorities ......
By Teke Wiggin | Saturday, November 12, 2016