Great schools, ‘Finding Mr. Right’ attract Chinese buyers to Seattle

Great schools, ‘Finding Mr. Right’ attract Chinese buyers to Seattle

When it was released to tepid reviews in the U.S., it was called “Finding Mr. Right.” But the original title of one of China’s top-grossing films of all time was “Beijing Meets Seattle,” and The New York Times is giving ...
13 hours ago
Cash buyers to blame for dip in home sales? Really?

Cash buyers to blame for dip in home sales? Really?

Housing economist Tom Lawler thinks it a bit strange that in reporting a 5.3 percent annual decline in the pace of existing-home sales in August, the National Association of Realtors pointed the finger of blame at a drop in all-cash ......
16 hours ago
Can you name the 4 states where MLSs can’t require members to be Realtors?

Can you name the 4 states where MLSs can’t require members to be Realtors?

For a century, the residential real estate business in the U.S. has been built on multiple listing services run by local Realtor associations or Realtor-affiliated brokerages. Want to join the MLS? In most markets, in addition to your real estate .....
Friday, September 19, 2014
How ‘frat house bordello’ entered the interior design lexicon

How ‘frat house bordello’ entered the interior design lexicon

Hot Property columnist Lauren Beale dishes with the Redfin blog, sharing how the L.A. Times broke the stories behind former police Chief William Bratton’s move, helped popularize the term “frat house bordello” (hint: think Nicolas C...
Thursday, September 18, 2014
Authorities in no rush to stop ‘adverse possession’ home sales

Authorities in no rush to stop ‘adverse possession’ home sales

Dallas city officials say they’re pretty much powerless to stop a man who’s described himself as a “real estate cat burglar” from obtaining homes from poor people under the guise of adverse possession and reselling them to uns...
Tuesday, September 16, 2014
Vacant homes attracting squatters

Vacant homes attracting squatters

There’s no shortage of listings in scenic Placer County, California, where real estate agent Audrey Baker tells Fox 40 that vacant homes can languish on the market for months — and it’s not unusual for them to attract squatters. Bak...
Tuesday, September 16, 2014
Funding round values INRIX, provider of search-by-commute tool, at $550 million

Funding round values INRIX, provider of search-by-commute tool, at $550 million

INRIX, the developer of a listing search tool that lets homebuyers filter properties based on commute time, has sold a 10 percent stake to the Porsche family for $55 million in a funding round that values the Kirkland, Washington-based company at a...
Friday, September 12, 2014
Agent beware: That seller’s home may have a nanny cam

Agent beware: That seller’s home may have a nanny cam

Homebuyers typically walk into for-sale homes and comment on everything they see, expressing their excitement or disappointment to their agent. But that’s a mistake, according to Annie Fitzsimmons, legal hotline lawyer for Washington Realtors....
Thursday, September 11, 2014
Ohio brokerage charging buyers and sellers by the hour

Ohio brokerage charging buyers and sellers by the hour

Columbus, Ohio-based brokerage Vernon Road says it’s out to change the way real estate is done, charging buyers and sellers $85 an hour instead of a percentage-based commission. When Vernon Road represents sellers, the homeowners will pay a 3 p...
Monday, September 8, 2014
Home price revisions: highs not as high, lows not as low

Home price revisions: highs not as high, lows not as low

Kinda ancient history now, but in order to know where you’re going, it helps to know where you’ve been, no? On the Calculated Risk blog, housing economist Tom Lawler explains recent revisions to historical data for the S&P/Case-Shille...
Friday, September 5, 2014
Crowdfunder Realty Mogul helps finance $8.7 milllion deal

Crowdfunder Realty Mogul helps finance $8.7 milllion deal

Realty Mogul helped Chicago-based Brennan Investment Group raise $1 million of the $8.7 million purchase price of an industrial park in Indianapolis, IndyStar.com reports. Investors participating in the deal through the crowdfunding startup will get ...
Thursday, September 4, 2014
Hawaii real esate broker pleads guilty to money laundering

Hawaii real esate broker pleads guilty to money laundering

An East Oahu real estate broker has been sentenced to 20 days in jail, two years of probation, and fined $10,000 after pleading guilty to one count of money laundering. Judy Jakobovits allegedly agreed to launder $200,000 in a home ......
Thursday, September 4, 2014
Former TabbedOut exec says RealSavvy will reimagine home search

Former TabbedOut exec says RealSavvy will reimagine home search

Rick Orr, founding CEO of mobile app developer ATX Innovation (the people behind the TabbedOut app), is about to launch a new venture: RealSavvy, a startup that will “bridge the gap between homebuyers and agents” and “reimagine̶...
Tuesday, September 2, 2014
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...
Friday, August 29, 2014
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 by showing off desirable features like spacious backyards and sturdy roofs. On one recent flight, he discovered his client had a few loos...
Friday, August 29, 2014
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