Inside Real Estate CEO Joe Skousen confirmed the layoffs in an email to Inman, saying the cuts are the result of overlapping positions following the acquisition, which was first announced on Friday.
RealPage hit with second class-action suit alleging rent price fixing
Tenants in Florida claim the company oversaw a "cartel" that unfairly drove up the cost of rent in markets across the Sunshine State. The claim comes on the heels of a similar suit in California.
Sen. Raphael Warnock Lands a New Home in DC for $1.1M
After a tightly contested Senate race, Raphael Warnock prevailed. His next stop? A new home in Washington, DC, for which he laid out $1,149,000.
Warnock made history in 2020 when he became the first Black senator from Georgia, doing so in a special election that went to a runoff. He repeated the feat in 2022, beating Herschel Walker in another runoff and securing a full six-year term in Congress.
His new capital digs are modest by some standards but beautifully renovated. The 1,780-square-foot townhome includes four bedrooms and 3.5 baths, arranged across about 1,780 square feet.
The historic row house was built in 1911.Realtor.com
The Pros and Cons of a Mortgage Buy-Down for Homebuyers, According to Loan Experts
Tough financial times call for creative financing. Historically high mortgage rates and a cooling housing market have caused buyers and sellers to look for novel ways to stretch their dollar and seal a deal.
Buyers, scared by lofty mortgage rates that threaten to add hundreds of dollars to their monthly housing bill, are seeking out mortgage buy-downs as a way to trim some of that excess. Sellers, desperate to unload homes, are often willing to help out.
Simply put, a mortgage rate buy-down is upfront money, often paid by the home seller (builders and lenders can also front the cost), to “buy down” the interest rate on the buyer’s loan for a period of time. This temporarily eases a buyer’s mortgage woes.
But just how practical are mortgage buy-downs for homebuyers?
Starter Home Prices Are Soaring and Luxury Is in a Slump—What’s Going On?
Photo-Illustration by Realtor.com; Photos: Getty Images (3)
For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming the brakes. It’s little wonder that just about everyone seems to be searching for clues on where housing sales are going this year. But it’s not a one-size-fits-all market. Different kinds of homes—and the diverse people buying and selling them—have been affected in significantly different ways, especially when it comes to prices.
In fact, a deep dive into what’s going on with two of the nation’s significantly iconic, bellwether housing categories—representing opposing ends of the price spectrum—might provide the clearest indications of what to expect for 2023 and beyond.
On one end are starter homes, traditionally smaller and more affordable, geared toward first-time homebuyers; on the other, luxury homes, the spacious mansions with every amenity imaginable marketed to the wealthy. Each market has faced its own highs, lows, and distinct challenges.
And their current price trajectories might come as a surprise.
Anywhere’s Sherry Chris: How to create lasting success in hard times
Ahead of her latest Inman Connect New York appearance, streaming on Jan. 25, Anywhere Expansion Brands CEO Chris shares what the latest string of layoffs means for the industry.
Inman Connect New York starts tomorrow — there’s still time to join
We’re officially going live Tuesday at ICNY at the Hilton New York Midtown. Meet us there, or join virtually. Register for a virtual ticket for live streamed sessions, plus access to all the replays.
$2.4 Million Homes in California
A waterfront retreat in Lake Forest, a four-bedroom home in San Francisco and a 1977 house near the ocean in Huntington Beach.
Lesson Learned: Don’t react in real time
Find out how this powerhouse team leader built a business that has earned the loyalty of financiers, celebrities, real estate investors, developers and a Who's Who of the city's artistic and cultural life.
What is the Word of the Year for Instagram in 2023?
In 2023, if you put an emphasis on the art of human connection and tap into the brains of your ideal clients, you have a chance to see the success you're after using the platform.
23 binge-worthy real estate YouTube channels
YouTube offers some of the real estate industry's best. Social media expert Jessi Healey rounded up 23 real estate YouTube accounts worth binging to inspire, educate and inform you.
Why eco-certification is driving value in luxury home sales
While you’ve likely encountered eco-certifications for homes, there are also eco-certifications for real estate agents. Here's what they are and why they matter to grow you book of business.
How Much Does it Cost to Add a Bathroom, Bedroom, or More Room to Your Home?
Let’s face it: Standing in line to use the only toilet in your own house is never fun. So when your family outgrows a small space or you’re just craving more room to stretch your legs, it may mean it’s time to shell out to build a home addition.
But what are the true costs of adding rooms to your existing home?
We have the numbers on whatever type of space you want to build. See the full range of prices you’ll pay to add to build out a bathroom, bedroom, or other home additions, plus related expenses you should expect along the way.
The costs
While the price tag on home additions varies from state to state, one good rule of thumb is to expect to pay around $100 per square foot, says Scott Browder , a real estate broker in North and South Carolina.
Compass’ Phillip Salem shares their path from fashion to real estate
Ahead of a first-ever Inman Connect New York appearance, Phillip Salem shares their journey from budding fashion mogul to real estate dynamo and the power of authenticity amid a changing market.
Circa 1990: Exploring kitchens and baths from ‘the age of beige’
Houses of this period, whether single-family or multifamily units, are hitting the market all across the country. Construction methods and materials, mechanical, windows and design features require updating and renovation to meet the needs of today's buyers.
NAR: New Fannie and Freddie mortgage fees will hit middle class
Mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases.
DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M
What a difference a few months makes.
Since the implosion and bankruptcy filing of the cryptocurrency exchange FTX in November, its founder Sam Bankman-Fried has experienced some dramatic life changes—as have those closest to him.
A prime example? The listing of a townhouse in Washington, DC, that was purchased in April 2022 by Guardians Against Pandemics, a nonprofit group partly funded by Bankman-Fried and run by his brother, Gabe. The asking price is $3,289,000—the exact sum that was paid for the place less than a year ago.
The posh 4,100-square-foot home was reportedly purchased to serve as a DC base for the FTX crew to wine and dine the political elite. But now it’s time to cut losses, which is why the four-bedroom, 4.5-bath brick home—just a stone’s throw from the U.S. Capitol—is up for grabs.
Take a Chance on Cheese: Washington Creamery and Farm Available for $5.9M
If your next life chapter includes making some serious cheese, the owners of Samish Bay Cheese have the perfect opportunity for you.
This certified-organic creamery in Bow, WA, includes a cow herd, a retail shop, a contract with an organic-milk supplier, plus cheese-making equipment. And it can all be yours for $5.9 million.
Owners Roger and Suzanne Wechsler are retiring but will stay on to help a new owner get started, says listing agent Kristal Grimstead, of Compass Bellingham.
Samish Bay’s current portfolio includes 12 fresh cheeses and five aged varieties, along with whole-milk and Greek yogurt offerings. Folks drawn to the inner workings of curds and whey can reap what the Wechslers have already built.
Homeowners Reveal Their Top 5 (Doable!) Home Projects for the New Year
Every homeowner has some project to tackle. When you own a home, there’s always seemingly something that needs fixing, zhuzhing, or general improvement.
Sometimes these projects (full-kitchen remodel, anyone?) can seem downright overwhelming. And that sense of the impossible can lead to project paralysis.
So we polled homeowners on what small, doable home improvements they want to tackle this year to help inspire you to take on one of your more manageable projects. Read on for what fellow homeowners are planning to accomplish in 2023 (plus bonus info on how to get each job done).
1. Create a workstation (finally!)
When it comes to creating a home office is to stock all the office furniture so it feels like an office.Getty Images
Coldwell Banker reportedly closing offices in Chicago
The move follows layoffs by parent company Anywhere, which said the company would be looking for more ways to cut costs, including office space.