Think DIY is just for newbies to the real estate industry? Find out how you can bootstrap aspects of your business at any point — and how to decide which skills you bring to the table.
Compass explores possibility of franchising, company says
CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a "more profitable" method of growing the business.
How To Lodge a Complaint With Your HOA, Co-op Board, or Landlord—and Get Results
As every parent knows, the chances of your children getting their way has to do with their delivery and the content of their ask. Little Billy wants to play outside with his friends for an extra 30 minutes? He’d better ask nicely, say “please,” and give you a good reason why.
Similarly, adults who live in communities operated by homeowners associations, co-op boards, or landlords must take a comparable tack when lodging a complaint.
Favors, general appeals, and demands for mediation between you and a third party are much more likely to be successful if you approach the higher-ups in a reasonable and respectful manner, armed with evidence. If, on the other hand, you use a harsh tone or lack the proof to back your claim—no matter how reasonable the request is—you won’t get very far.
Here’s how to raise your voice in an effective way so your HOA, co-op board, or landlord listens.
Rocket posts its first loss since going public, and it’s a doozy
Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they're focused on growing the company's share of the purchase loan market through partnerships with agents.
Clear the Tracks! Arizona House With a Quirky Boxcar Bunker Quickly Finds a Buyer
It only took about two weeks for the ranch with the notorious railroad-car bunker to be claimed. An offer has been accepted on the Arizona landmark that was listed recently for $1.35 million.
Located in Cave Creek, AZ, about an hour north of Phoenix, the unusual property offers even more than the famous treasure in the backyard.
The home’s peaceful setting and mountain views come with a trio of buried Santa Fe railroad cars, says Ryan Buckley, who is listing the property with Lori Cedarstrom. Both are with the Scottsdale office of Coldwell Banker Realty.
The ranch is conveniently nestled close to town, a short drive to entertainment and shopping, Buckley says.
EXp cites ‘volatile housing market’ for double-digit sales decline in Q4
EXp World Holdings' revenue increased 13 percent to $933 million in Q4 2022 as closed transaction sides and volume fell by 13 percent and 16 percent, respectively, according to an earnings call Tuesday afternoon.
Compass revenue falls in Q4 — but losses narrow despite ‘difficult year’
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021.
Are You a Basket Case? Why We Love All Things Woven (and How To Up Your Basket Game)
Baskets are taking over the decor world.
Don’t believe us? Just click or scroll for a minute or two and count the rooms without baskets holding blankets, storing paper towels, lining pantry shelves, and corralling books. We’ll wait.
And this trend seems to get bigger every year, with baskets popping up at all price ranges and in every type of room. However, “traditionally and historically, baskets were most commonly found in the farmhouse or country-style home,” notes Shanda Richardson, a real estate broker with Premier Sotheby’s International Realty in Asheville, NC.
Curious about how baskets as a decor trend got started? See below for more of the history, and then read up on a few ways to make this look stand out in your home.
Black Knight’s Q4 profits slip as clients cope with challenges
The company's $17.6 million in fourth-quarter net earnings represented a 71 percent decline from a year ago. Black Knight books $452.5 million in 2022 profits, up 118 percent from 2021 with revenue climbing 5 percent to $1.55 billion.
How to brand yourself when you’re broke (Hint: Think Bergdorf’s)
In the first event of Fordham Real Estate Institute’s new series, Bess Freedman, CEO of Brown Harris Stevens, sat down with her mentor Barbara Corcoran for the kickoff of the school’s "Titan Talks."
Helping new buyers get ‘invested’ in real estate
When working with buyers, take that conversation one step further, and share what you know about the different investment opportunities in real estate.
ChatGPT’s take on commissions, compliance and the MLS
RESO CEO Sam DeBord asks the latest in artificial intelligence, OpenAI’s ChatGPT, what it thinks about compensation in the MLS. Here’s what you should know.
Better lets Amazon workers put up stock as mortgage collateral
Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages.
Investor activity slows, still makes up 1 in 4 homes sold in US
New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That's up from about 11 percent in 2001.
Waterfront Wonder Crowned Connecticut’s Most Expensive Home at $150M
Imagine waking up just steps away from your own mile-long beach, only 35 miles from midtown Manhattan.
That’s exactly what Copper Beech Farm, in Greenwich, CT, offers. That is, if you have $150 million.
The state’s most expensive property is listed with Leslie McElwreath and Joseph Barbieri, of Sotheby’s International Realty – Greenwich Brokerage.
The home last hit the market in 2014, when it reportedly sold for $120 million—a drop from its initial $190 million asking price.
After clamp down in Park City, Pacaso gets a big reprieve in Utah
A bill moving swiftly through Utah's Legislature would prevent cities and counties in the state from placing restrictions on co-owned homes. The reversal is a big win for Pacaso and its rivals.
Can a mega-mansion in Paradise Valley bring in a record $75M?
The state's priciest-ever deal sold for $28.1 million in Scottsdale in June 2022, but with the lure of features like a metaverse room, a spa that generates snow and a lazy river, developers in Paradise Valley think they can get $75 million for an estate that's still in progress.
Homeowners Hold On Tight: Wind Damage Expected To Cause Billions in Losses to These Regions
Homebuyers along the Eastern Seaboard and Gulf Coast might increasingly be throwing caution to the wind.
Climate change is expected to worsen the risk of wind damage that homes in these regions face from storms, according to a recent report from the First Street Foundation, a nonprofit research and technology group, and Arup, a global consulting and engineering firm.
In the next 30 years, about 13.4 million homes that currently aren’t considered in harm’s way will be at risk of tropical cyclone wind damage as more storms become more powerful—and therefore more dangerous—due to climate change, the report stated.
Storms are also expected to expand farther north along the East Coast. Average annual losses are expected to increase from $18.5 billion to $19.9 billion.
Zillow gets vote of confidence from JP Morgan analysts
Analysts gave Zillow an "overweight" rating, which means they expect Zillow to outperform peer companies. The report also sets Zillow's share price target at $48 by December of this year.
Home Buying Changes over the Last 10 Years
Home buying has changed significantly over the last 10 years due to several economic, social, and technological factors. Some of the major changes are: Increased use of online resources: With the advent of online real estate listings, virtual tours, and digital signing, the home buying process has become more streamlined and accessible to buyers.Gr...
