New HomeSpotter ad product pushes virtual tour events
As part of proptech's collective push into virtual business, the digital marketing and lead-gen company launches new retargeting products that automate creation and management of ads to push virtual open houses and video tours
by Craig C. Rowe Apr 8
Market snapshot: Washington, 6 weeks into COVID-19
Washington was the first U.S. state that saw a confirmed case of the coronavirus. A month and a half later the real estate industry soldiers on amid the chaos
by Jim Dalrymple II Apr 8
3 tips for leading your team through crisis from afar
The value you bring is what sets you apart, and the altruistic efforts you make now will be remembered later
by Pat Hiban Apr 8
Pulse: What is one simple truth you have rediscovered?
As we look at the basics this month, we're wondering if there's a certain principle you have found to be true, especially now
by Inman Apr 8
Former Zillow CEO Spencer Rascoff leaves board of directors
Spencer Rascoff served as CEO until 2019, when company founder Rich Barton returned
by Jim Dalrymple II Apr 7
About half of US small businesses have not paid full April rent
About 30% of survey respondents said they did not make a rent or mortgage payment in April, and 20% said they made a partial payment, according to a poll by Alignable
New listing volumes plunge 50-75% across the globe
Opinion
One of the top leading indicators of transaction volume decline, new listings, has dropped an average of 63% in the markets earliest hit by COVID-19
by Mike DelPrete Apr 7
Dallas developer pays up for hotel rooms for medical professionals
Dallas-based development company Centurion American has spent nearly $800K to provide free rooms to medical professionals at luxury hotel The Statler during the pandemic
by Marian McPherson Apr 7
Post-virus home price growth forecasts show spike in the West
In the wake of the COVID-19 pandemic and its effects on the market, home prices are expected to increase at half the rate prior to the outbreak, according to forecasting by Veros Real Estate Solutions
Redfin is furloughing 41% of its real estate agents
The company announced it's also laying off 7% of its staff in an SEC filing
by Patrick Kearns Apr 7
Northeast markets most susceptible to impacts of coronavirus
Counties in the Northeast and Florida are at the greatest risk of taking the biggest hit to the housing market in the wake of the pandemic
Brokerage hosts virtual scavenger hunts using 3D home tours
James Jensen, a broker in Valley City, North Dakota, has found a way to turn 3D home tours into games as a way to engage clients during the coronavirus pandemic
Rent growth slows amid coronavirus pandemic
Rents still increased in March, but the growth slowed at a time when rents would normally be rising more quickly
by Jim Dalrymple II Apr 6
JP & Associates partners with Matterport to make virtual tours available to agents
The partnership between the brokerage and the 3D virtual tour platform will give over 2,500 agents access to creating virtual tours
Wells Fargo suspends jumbo mortgages as demand fades
In this uncertain market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans during the Covid-19 crisis