Power broker favors T-shirts over suits

Power broker favors T-shirts over suits

Climb Real Estate Group power broker Kevin Gueco’s taste for high fashion has landed him in the San Francsico Chronicle, which details every aspect of his wardrobe, from “Japanese salvage denim and designer sneakers” to American App...
21 hours ago
Drone helps broker discover whether clients have a few shingles loose

Drone helps broker discover whether clients have a few shingles loose

Tulsa, Oklahoma-based broker-owner Darryl Baskin says the drone footage he shoots gives his sellers an advantage, showing to the best advantage features like spacious backyards and sturdy roofs. On a flight observed by the Tulsa World, he discovered ...
22 hours ago
Déjà vu all over again as mortgage rates inch down toward 4 percent

Déjà vu all over again as mortgage rates inch down toward 4 percent

Mortgage rates are getting close to 4 percent again, but don’t expect another refi boom, Calculated Risk’s Bill McBride writes — many homeowners refinanced when rates dropped below 4 percent in 2012 and 2013. Rates for 30-year fixed...
Thursday, August 28, 2014
Don’t you dare call it the flyover: Chicago gets another real estate tech accelerator

Don’t you dare call it the flyover: Chicago gets another real estate tech accelerator

With sponsorship from real estate services firm DTZ, Chicago-based real estate tech accelerator ElmSpring will hold its first pitch day next week, Crain’s Chicago Business’ John Pletz reports. ElmSpring was launched this summer by Century...
Tuesday, August 26, 2014
Realogy’s Alex Perriello sees acquisitions as path to MLS consolidation

Realogy’s Alex Perriello sees acquisitions as path to MLS consolidation

Consolidation of multiple listing services should happen “through acquisition,” with larger MLSs taking over smaller ones that aren’t able to adapt, Alex Perriello told attendees at the National Association of Realtors’ 2014 L...
Tuesday, August 26, 2014
Bitcoin transactions not taking off into the stratosphere

Bitcoin transactions not taking off into the stratosphere

If it ever becomes mainstream, the virtual currency bitcoin could streamline sales of everything from homes to illicit drugs. While bitcoin has generated considerable excitement — to which the real estate industry is not immune — it’...
Tuesday, August 26, 2014
Trulia CEO Pete Flint invests in agent review platform

Trulia CEO Pete Flint invests in agent review platform

With the company he co-founded set to be acquired by Zillow next year, is Trulia CEO Pete Flint thinking about broadening his horizons? Australian agent review platform OpenAgent has closed a $1 million funding round, and Flint is one of ......
Tuesday, August 26, 2014
What if .realtor domains turn Google into AgentMatch?

What if .realtor domains turn Google into AgentMatch?

What if 500,000 members take the National Association of Realtors up on its offer of a free .realtor domain, and what if a sizable chunk of that group takes realtor.com up on its offer to host their realtor.com profile pages ......
Monday, August 25, 2014
Consumer watchdog chooses 12 companies for e-closings pilot

Consumer watchdog chooses 12 companies for e-closings pilot

A federal agency has chosen 12 firms to participate in a pilot program the agency hopes will yield insights on how to use technology to make the mortgage process easier, cheaper and less time-consuming for borrowers. The Consumer Financial Protection...
Monday, August 25, 2014
Link between MLS data sharing and home prices about to be put to the test

Link between MLS data sharing and home prices about to be put to the test

Outside agents from the Los Angeles, Ventura and Orange counties are worried that the withdrawal of the California Desert Association of Realtors from a regional MLS database will hurt home prices in the Coachella Valley and make it harder for ......
Monday, August 25, 2014
Flood-prone markets recovering from insurance scare

Flood-prone markets recovering from insurance scare

Fears of a drastic increases in federal flood insurance premiums dented home prices in Louisiana’s St. Charles Parish in the first half of the year, but the market has settled down and pretty much returned to normal since the passage ......
Friday, August 22, 2014
List a home that’s not market-ready and it’s going to languish

List a home that’s not market-ready and it’s going to languish

Coldwell Banker Real Estate agents are finding that market-ready homes are selling quickly, but those that aren’t may languish, even in markets where inventory’s scarce, CEO Budge Huskey tells TheStreet. The National Association of Realto...
Thursday, August 21, 2014
I’m not a Realtor, I just play one on YouTube

I’m not a Realtor, I just play one on YouTube

Derek Johnson promoting “Free List Calgary” on YouTube. The Real Estate Council of Alberta says a man it fined $15,000 last year for allegedly posing as a Realtor is now doing business under a different name, and has been advertising ......
Tuesday, August 19, 2014
Some cities kept gentrifying through the downturn

Some cities kept gentrifying through the downturn

The housing bust brought gentrification in Atlanta to a grinding halt, but the trend continued in other cities including Denver, Minneapolis, Portland, Seattle, and Washington, D.C., researchers with the Federal Reserve Bank of Cleveland conclude. Ci...
Tuesday, August 19, 2014
4 myths about real estate crowdfunding debunked

4 myths about real estate crowdfunding debunked

In a Forbes guest post, RealtyShares CEO Nav Athwal debunks four common misconceptions about real estate crowdfunding: You don’t really own real estate — you own a share of a limited liability company (LLC). It’s not a REIT — ...
Tuesday, August 19, 2014
Overseas investors buying homes from afar and leaving them vacant

Overseas investors buying homes from afar and leaving them vacant

About 30 percent of residential sales in Cambridge, England, are to overseas investors, who sometimes buy homes remotely and never move in, ITV’s Elodie Harper reports. “Properties left empty for investment purposes in order to make a pro...
Tuesday, August 19, 2014
Is Fed tapering when the next recession is just around the corner?

Is Fed tapering when the next recession is just around the corner?

Heritage Capital President Paul Schatz is not somebody you would describe as an “inflation hawk.” Inflation hawks think that the drastic measures taken by the Fed to jolt the nation out of its economic coma — including dialing short...
Monday, August 18, 2014
More poor people living in suburbs than cities

More poor people living in suburbs than cities

In the 1960s and ’70s, “white flight” in cities like Detroit helped concentrate poverty inside the city limits as more affluent residents fled to the suburbs. Today, well-educated job-seekers seeking shorter commutes, walkable commu...
Monday, August 18, 2014