Home price declines leave 450,000 borrowers underwater
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor
by Matt Carter Dec 5
Slowdown in apartment rent expected to continue, CoStar says
Rent dropped for a fourth straight month in November, with all but 6 of the nation's top 40 markets reporting flat or declining month-over-month rent
by Taylor Anderson Dec 5
Ocusell launches with goal to heal MLS, tech vendor relationships
Software intends to reduce the long burdensome and unpredictable business rules and dated, stringent input regulations required by most MLSs for brokers to interact with them
by Craig C. Rowe Nov 22
Point's Eddie Lim: The tourist real estate investors have left the market
At Connect Now on Thursday, moderator Clelia Peters was joined by Eddie Lim who founded Point after he found himself rattled by the traditional process of trying to access home equity
by Craig C. Rowe Nov 17
Nearly a third of income gobbled up by monthly mortgage payments now
The share of income required to afford a mortgage has risen to 30.2%, well above the established norm of 22.8% of a homeowner's income, according to an analysis by Zillow released Thursday
by Ben Verde Oct 21
Top Berkshire Hathaway HomeServices team goes indie
The 15-agent Ivan Sher Group will now be known as IS LUXURY and has become an independent brokerage and a member of the Forbes Global Properties network
by Lillian Dickerson Oct 20
EXp CEO: We're aiming for 250K agents in US — but growth is slowing
Despite ambitious goals, the virtual brokerage eXp Realty is seeing its growth slow amid a lagging market — and the company is unlikely to hit a target Sanford set earlier this year
by Jim Dalrymple II Oct 14
EXPCON keynote urges real estate agents to stay positive
Nick Santonastasso, who in his own words was born a 'man with no legs and one arm,' said agents should have 'emotional integrity' and focus on things they can control
by Jim Dalrymple II Oct 13
Zillow launches street-view home searching with Apple Maps
Homebuyers can now get a street-view look at listings, thanks to Zillow's newest integration with Apple Maps. Dubbed 'Look Around,' the feature is available in 19 markets
by Marian McPherson Oct 6
Homie CEO resigns as flat-fee brokerage lays off more workers
The company is among the most prominent of the upstart flat-fee brokerages that rose in recent years, but will lose cofounder and CEO Johnny Hanna as the market experiences 'turmoil'
by Jim Dalrymple II Oct 4
BidMyListing secures $15M in additional funding, $20M to date
The company provides a conduit for real estate agents to bid money upfront for the opportunity to list properties. Funds provided will go toward general growth initiatives, a statement says
by Craig C. Rowe Oct 3
Homebuyers in these US cities are backing out of deals at a higher rate
Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest
by Ben Verde Sep 26
The agent replied to a fishy email. Then Michael Jackson showed up
Over 5 years, Zar Zanganeh, then a young agent with Las Vegas Sotheby's International Realty, nurtured a relationship with the musician until his death in 2009. In the process, he signed deals for Jackson, Brittney Spears and Prince, whom he was asked to spy on by the King of Pop
by Lillian Dickerson Sep 23
Don't take it personally: 15 reasons past clients switch agents
There are many reasons a past client or current friend may not reach out to you as their real estate agent. Don't take it personally
by Teresa Boardman Sep 13
WATCH: If marketing properties is your thing, this is your time to shine
A rebalancing market can be painful for agents. But it also presents opportunities for them to show off their marketing prowess, C-suite executives said last month at Luxury Connect
by Daniel Houston Sep 2