Gill's Stories

You would think that if you had introduced your client to a bargain 3.5-acre foreclosure property in north Beverly Hills for $1.9 million, that client would stick with you when they prepared to sell it at a big profit just five years later. And Gary Gold’s client, Nathan Frankel, did do that.

Nov 3

Home prices nationwide — including distressed sales — increased by 6.4 percent year-over-year in September 2015 and increased by 0.6 percent month-over-month, according to the September 2015 CoreLogic Home Price Index report. Home prices are projected to increase by 4.7 percent on a year-over-year basis from September 2015 to September 2016, but could potentially dip slightly from September 2015 to October 2015, said the global property information provider.

Nov 3

MLSs using Clareity Security’s newly-launched single sign-on (SSO) 3.0 version can now help MLSs communicate with individuals and brokers — and more. Users have responded well to the updated product, which the company says is a substantial progression from version 2.0.

Nov 2

Homes.com President David Mele feels no envy for his counterparts at Zillow and realtor.com. Chasing the next dollar for public owners? Striving for even more than 140 million unique viewer hits, when only 5 million to 6 million houses are sold in the U.S. each year? No, thank you

Nov 2

If you are looking to launch a new product and increase sales, what would you do? Hire a salesperson? Too obvious. In the case of W&R Studios, the real estate software company, the executives decided to create the new position of chief design officer. It’s a flashy title for a small firm, but they wanted to make a statement that the design of everything from email signatures to a full-blown mobile app is something that sets them apart.

Oct 30

Low inventory in the first-time homebuyers’ end of the market and financial market uncertainty have led to a slower stream of sales under contract in September, according to the latest figures from the Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR). Pending home sales in September declined for the second month in a row across all four regions, to the second lowest reading for 2015.

Oct 29

When Chinese citizens purchase property overseas, they do so with an average budget of U.S. $2.6 million, and they are more likely than other Chinese to travel internationally for tourism, luxury goods and medical and other services. This is the kind of information the market will see more of with the launch of Juwai’s new data service, Juwai IQ, which will be surveying online habits of its monthly 2.6 million users, 80 percent of whom are current mainland residents.

Oct 29

It’s a pleasant evening in Palo Alto, and a group of 25 tech entrepreneurs, their wives and friends, plus a sprinkling of architects and designers, are gathered in a nice restaurant at the Four Seasons Silicon Valley hotel. In charge of all of this with his team of 10 is Matt Beall, principal broker at Hawaii Life, a top-selling agent and a man with a laid-back but professional manner, used to dealing with the extremely wealthy who prefer a minimum of fuss.

Oct 29