The Corcoran Group sees surge in listings despite defections

The Corcoran Group sees surge in listings despite defections

The Corcoran Group may have seen some big names defect to rivals William Raveis, Urban Compass and Douglas Elliman, but it’s still New York City’s second-biggest brokerage, with listing volume up 62 percent from a year ago, to $3.4 billio...
Wednesday, October 8, 2014
Tight mortgage credit and stagnant wages a one-two punch for housing

Tight mortgage credit and stagnant wages a one-two punch for housing

Mortgage lending has actually gotten tighter this year, according to a CoreLogic index that says credit availability in May was about a third of what it was in the baseline year of 1998 — a decent parallel for the present, ......
Wednesday, October 8, 2014
Realtors spending $1.4M to head off San Francisco transfer tax

Realtors spending $1.4M to head off San Francisco transfer tax

Realtors are throwing their weight behind a campaign to defeat a San Francisco ballot measure that would attempt to address the city’s skyrocketing rents by imposing an additional transfer tax on multi-unit residential properties sold within fi...
Tuesday, October 7, 2014
Toronto Realtors target land transfer tax, question about commissions ‘inappropriate’

Toronto Realtors target land transfer tax, question about commissions ‘inappropriate’

The Toronto Real Estate Board likes mayoral candidate Doug Ford’s proposal to slash land transfer taxes by 60 percent over a four-year period. But at a press conference where Ford floated the idea, TREB President Paul Etherington squashed any d...
Monday, October 6, 2014
Wait for it, wait for it … wage growth!

Wait for it, wait for it … wage growth!

With unemployment finally starting to ease after years of what was often described as a “jobless” economic recovery, there’s some concern that globalization, by keeping a lid on U.S. wages, will derail the recovery’s momentum....
Monday, October 6, 2014
If Ben Bernanke can’t refinance his home, what does that say about mortgage lending?

If Ben Bernanke can’t refinance his home, what does that say about mortgage lending?

Former Fed Chairman Ben Bernanke has a new job at a think tank, makes $250,000 a speech, and has a lucrative tell-all book in the works, but he and his wife were recently turned down when they tried to refinance ......
Friday, October 3, 2014
Houzz raises $165 million, launches online store

Houzz raises $165 million, launches online store

Houzz has raised $165 million and is baking a product marketplace into its residential design database. Consumers visit Houzz to share and browse photos of home designs and projects. Now, the site has beta launched an online store that allows vi...
Thursday, October 2, 2014
Wall Street Journal documents real estate coaching phenomenon

Wall Street Journal documents real estate coaching phenomenon

The Wall Street Journal takes a look at real estate coaches, who “explain, and in some cases provide, new technology to agents.” One of the top real estate coaches, Tom Ferry, has cross-promotion deals with Bank of America and Zillow. .....
Thursday, October 2, 2014
Top 10 hyperlocal real estate brokerage blog posts

Top 10 hyperlocal real estate brokerage blog posts

So if a real estate brokerage posts a list of “Top 10 small towns in America” on its blog, does that even register with most of us? But what about the “10 snobbiest small cities in America“? States where the ......
Monday, September 29, 2014
Should ‘I didn’t mean to’ be a defense against housing discrimination claims?

Should ‘I didn’t mean to’ be a defense against housing discrimination claims?

Plaintiffs in fair housing lawsuits may have to be able to prove that policies that have a “disparate impact” on minorities were intended to discriminate if the U.S. Supreme Court gets involved in a case in Texas. The Texas Department .....
Thursday, September 25, 2014
If Zillow is like Google, then Redfin is like Amazon

If Zillow is like Google, then Redfin is like Amazon

How do brokers compete with the “new digital monstrosity” created by Zillow’s planned acquisition of Trulia? The same way Amazon competes with Google, Redfin CEO Glenn Kelman tells the hosts of “Bloomberg Surveillance.” ...
Tuesday, September 23, 2014
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 ...
Monday, September 22, 2014
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 ......
Monday, September 22, 2014
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