Appeals court rules Chicago transfer tax hike can move ahead
Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5M. Realtors say it amounts to a secret tax and rent hike
by Taylor Anderson Mar 6
RE/MAX CEO Nick Bailey exits as company revenue falls again in Q4
RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president
by Taylor Anderson Feb 22
Matterport pulled in $158M last year, up 16% despite $65.8M loss
The company said it expects to grow total revenue 19% to 22% this year as it continues its expansion as an industry leader
by Taylor Anderson Feb 20
NAR signals more declines to come after 3rd-straight membership dip
NAR Chief Economist Lawrence Yun warned of 'further declines in membership over the next 24 months' said after NAR posted a 2.1% annual membership decline last month
by Taylor Anderson Feb 6
More agents than ever earn business from networking and SOI
From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all
by Chris LeBarton Dec 29
House Hacking spiked amid COVID. In 2024, it will be a household name
Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind
by Taylor Anderson Dec 26
Curbio accused of targeting elderly homeowners in new fraud suit
Curbio 'strongly' denied claims on Monday by Washington, DC's attorney general that the pre-sale renovation startup violated consumer protection laws through 'deception, intimidation and fraud'
by Taylor Anderson Nov 21
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30% as a result of ongoing threats to the real estate industry
by Taylor Anderson Oct 16
Intel unpacks the startling price of entry into the US housing market
Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers
by Marian McPherson Oct 4
Egypt Sherrod would still be a serial entrepreneur in another life
The real estate broker, investor, HGTV star and Inman Influencer shared her thoughts on a wide range of topics, from real estate to personal hobbies and more. Here's what she revealed to Inman
by Lillian Dickerson Sep 19
Share of first-time homebuyers hits highest level since 2010: Zillow
Unburdened by rate lock, the share of first-time homebuyers rose to 50% this year, according to a new report from Zillow. That's the highest share since 2010
by Taylor Anderson Aug 23
Real estate investors believe the worst may be in the rear view
The outlook is mixed, but 'it does look like prices may have bottomed out and are on their way back up,' said CJ Patrick Company CEO Rick Sharga
by Taylor Anderson Aug 15
Foreign buyers target high-end homes as transactions fall 14%
The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs
by Taylor Anderson Aug 2
A doctor inherited a vacant lot. The home he found there shocked him
Daniel Kenigsberg alleges a series of fraudulent documents led to his land being stolen last fall before contractors built a single-family house on his half-acre of land in Connecticut
by Taylor Anderson Aug 2
How to bridge the gap between real estate investors and brokers
Buyers and brokers view deals differently. But they don’t have to be adversaries. Here are strategies to bridge the gap
by Michael Zaransky Aug 1
He grew up in a rental. Now he owns thousands. Here's his playbook
Tawan Davis started the Steinbridge Group in 2016. Today it boasts $500M in active investments, a number that could triple by 2025, he tells Inman. Here's how he's thriving amid the uncertainty
by Taylor Anderson Aug 1
Redfin adds new tool that shows home's risk of damaging winds
Nearly half the people who moved within the US in the past year believe they’ll be impacted by climate change in the next decade, according to a survey the company conducted in the spring
by Taylor Anderson Jul 31
Home prices jumped at biggest rate since November: Report
A drop in supply was enough to offset the drop in demand, sending prices up 2.6% in July. That's the biggest jump since November, according to Redfin
by Taylor Anderson Jul 27
InspectionGo takes off: Lands $5.5M funds, acquires 2 companies
On heels of Series A round, inspection software company is on its way acquiring industry-related proptechs in HomeBinder and Repair Pricer, according to InspectionGo
by Craig C. Rowe Jul 19