Small business loan program runs out of money after less than 2 weeks
The money was a potentially vital lifeline for vast numbers of real estate professionals. Unfortunately, it was also plagued by problems
by Jim Dalrymple II Apr 16
Here's how Realogy is prepping agents to 'rule the recovery'
Recent changes to Realogy's Learning Platform is allowing the company to pivot to training that will help agents when the market picks back up
by Patrick Kearns Apr 16
Banks can now delay appraisals for up to 120 days after closing
In addition to allowing lenders to delay appraisals, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility
by Craig C. Rowe Apr 15
Real estate giants' COVID-19 motion fails to stop commission lawsuit
Court rules that discovery will continue amid coronavirus outbreak in suit against the National Association of Realtors and real estate franchisors Realogy, Keller Williams, RE/MAX and HomeServices of America
by Andrea V. Brambila Apr 15
Compass 'can sustain a downturn for 6 months, 8 months, 9 months'
Compass CEO Robert Reffkin also conceded that the downturn hitting the housing market is going to drive some agents and discounters out of the real estate industry
by Patrick Kearns Apr 15
Real estate firms nab $8B in small business stimulus loans
The real estate industry has so far secured 3.22% of the money being doled out as part of the pandemic-prompted Paycheck Protection Program
by Jim Dalrymple II Apr 14
‘Strong recovery’ on horizon, V curve possible, says real estate exec
Patrick Stone, of WFG National Title Insurance Company, said Tuesday that home sales will likely be down in 2020, but overall, he's optimistic about an economic recovery from the current pandemic
by Jim Dalrymple II Apr 14
New listings in Manhattan were down 89% last week
There were only 52 new listings in Manhattan during the second week of April
by Patrick Kearns Apr 14
A change to the CARES Act threatens Realtors: NAR
National Association of Realtors President Vince Malta is calling on Congress to provide more funding for small business loan programs created by the CARES Act
by Patrick Kearns Apr 14
Market snapshot: Wisconsin still seeing deals amid pandemic
Agents in Wisconsin are seeing a slow down during the pandemic. But they also said that inventory is so low that competition for homes remains fierce
by Jim Dalrymple II Apr 14
How to give tenants a break while also protecting yourself
The coronavirus pandemic has kneecapped many tenants' ability to pay rent. Landlords may want to offer some leeway, but they have to be smart about it
by Jim Dalrymple II Apr 13
JPMorgan Chase tightens mortgage lending standards amid uncertainty
The lender will require a 700 credit score and 20% down for mortgages
by Patrick Kearns Apr 13
Keller Williams executive on taking virtual open houses from 'novelty to norm'
Jay Papasan wants to help teach the entire real estate industry best practices on virtual tours and open houses
by Patrick Kearns Apr 10
Hot market was doused by pandemic, Zillow report shows
A new report shows that what was poised to be 'the most competitive' spring market in years instead ended up with plummeting numbers of new listings
by Jim Dalrymple II Apr 10