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
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