Recent Articles by Teke Wiggin

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
A stack of $100 bills TripleMint, a high-tech brokerage, closes $4.5 million Series A funding round

TripleMint, a high-tech brokerage, closes $4.5 million Series A funding round

The most successful venture capital-funded brokerages tend to shed some experimental business practices for more traditional techniques, while retaining a core focus on innovative technology. TripleMint fits this model to a ......
By Teke Wiggin | Thursday, February 23, 2017
A woman sitting alone on a swingset First-time homebuyers to miss out amid real estate investor craze: housing report

First-time homebuyers to miss out amid real estate investor craze: housing report

Investors have played a key role in driving the housing recovery, but their contribution also has come at a cost: more competition for first-time homebuyers. Housing observers have been well aware of this side effect, but a new report brings the dive...
By Teke Wiggin | Wednesday, February 22, 2017
VirtualAPT’s robot makes 360-degree property videos for real estate agents

VirtualAPT’s robot makes 360-degree property videos for real estate agents

A four-wheeled tripod outfitted with a computer, 360-degree camera and sensors can roam properties, producing highly choreographed, immersive videos that would be difficult -- if not impossible -- to replicate with a normal video camera ......
By Teke Wiggin | Wednesday, February 22, 2017
Zillow Group will add buyer’s agent ads to StreetEasy listings

Zillow Group will add buyer’s agent ads to StreetEasy listings

StreetEasy -- the New York City listing portal that Zillow Group bought for $50 million -- will soon tack lead forms onto listings that connect consumers with buyer's agents who advertise with Zillow Group ......
By Teke Wiggin | Tuesday, February 21, 2017
Should real estate agents discount their commission if a seller finds the buyer?

Should real estate agents discount their commission if a seller finds the buyer?

Aaron Wittenstein sometimes cuts his commission by a quarter or more if a seller client brings an unrepresented buyer to the closing table ......
By Teke Wiggin | Tuesday, February 21, 2017
Faira expands to San Francisco after regulatory scrutiny

Faira expands to San Francisco after regulatory scrutiny

For-sale-by-owner (FSBO) startup Faira has raised another $1.2 million, with plans to bring "transparent bidding"to the San Francisco Bay Area ......
By Teke Wiggin | Friday, February 17, 2017
Realogy announces joint mortgage venture with Guaranteed Rate that will replace PHH Home Loans

Realogy announces joint mortgage venture with Guaranteed Rate that will replace PHH Home Loans

The owner of NRT, America's largest real estate brokerage, plans to launch a high-tech mortgage business, believing the new firm will give a leg up to NRT agents. ......
By Teke Wiggin | Thursday, February 16, 2017
A group of people in front of a stock exchange Fix-and-flip mortgage bonds: Wall Street’s new housing bet to boost home flippers

Fix-and-flip mortgage bonds: Wall Street’s new housing bet to boost home flippers

Wall Street and new online lenders are bundling loans for home flippers into fix-and-flip mortgage bonds, offering a new way for hedge funds, private equity firms and other institutional investors to invest in the housing market ......
By Teke Wiggin | Wednesday, February 15, 2017
Two "no pass" signs set across a road Zillow Group nixes manual listing entry for real estate agents, doubles down on direct listing feeds

Zillow Group nixes manual listing entry for real estate agents, doubles down on direct listing feeds

Real estate agents will soon lose the ability to manually post listings on Zillow or Trulia. Zillow Group, which operates the two listing portals, will nix the option on May 1, in a move that will put pressure on more multiple listing services (MLSs)...
By Teke Wiggin | Wednesday, February 15, 2017
A man using iMessage on a phone Realtor.com fuses mobile app with Apple’s iMessage

Realtor.com fuses mobile app with Apple’s iMessage

"Love It!,” “Let’s go see it!,” “What do you think?" Now you can slap reactions like these onto realtor.com listings in some text-message conversations ......
By Teke Wiggin | Wednesday, February 15, 2017
Ben Kinney buys Blueroof360, his 5th real estate tech company

Ben Kinney buys Blueroof360, his 5th real estate tech company

When you think about the vacuum cleaners of real estate tech, companies like Zillow Group, realtor.com-owner Move and Constellation Software might come to mind ......
By Teke Wiggin | Friday, February 10, 2017
News Corp. sees revenue growth in digital real estate portfolio

News Corp. sees revenue growth in digital real estate portfolio

News Corp. -- which owns realtor.com operator Move -- reported revenue of $2.12 billion in the second quarter of fiscal year 2017, down from $2.16 billion a year earlier. ......
By Teke Wiggin | Thursday, February 9, 2017
Real estate agent fired over alleged short-term rental violation

Real estate agent fired over alleged short-term rental violation

Real estate agents often have the market knowledge and know-how to excel at renting out homes on a short-term basis, positioning them to take full advantage of sites such as Airbnb ......
By Teke Wiggin | Wednesday, February 8, 2017
A man knocking on a door 6 polarizing real estate practices: Where do you stand?

6 polarizing real estate practices: Where do you stand?

To try to win new business, many real estate agents cold call homesellers after they take their homes off the market. But according to Nobu Hata, director of membership engagement at the National Association of Realtors (NAR), a handful have taken th...
By Teke Wiggin | Wednesday, February 8, 2017
A horse being reined in President Donald Trump signs executive order to rein in Wall Street reform law, CFPB

President Donald Trump signs executive order to rein in Wall Street reform law, CFPB

Earlier this week, the Consumer Financial Protection Bureau (CFPB) fined real estate brokers and lenders $4 million. Today, the future of the agency is up in the air, with President Trump taking a step towards rolling back the 2010 Dodd-Frank Wall St...
By Teke Wiggin | Friday, February 3, 2017
Zestimate vs. Redfin Estimate: Are home valuations that use list prices, er, useful?

Zestimate vs. Redfin Estimate: Are home valuations that use list prices, er, useful?

What type of listing valuation would be more useful? One that factors in the property's actual list price, or one that excludes that price -- instead relying only on comparable sales and other data ......
By Teke Wiggin | Thursday, February 2, 2017
Wall Street Invitation Homes, an institutional single-family rental investor, goes public

Invitation Homes, an institutional single-family rental investor, goes public

Invitation Homes -- a real estate investment firm that owns close to 50,000 single-family rental homes -- has raised $1.54 billion in its initial public offering, with the company's valuation rising to over $6 billion today, according to media repor...
By Teke Wiggin | Wednesday, February 1, 2017