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Joy, despair following vote on NAR’s pocket listing policy

BrokerOwner.net November 13, 2019

Comments on the proposal have been split, with some suggesting the overwhelming majority vote may not represent the industry at large. Take this poll to share your opinion. Read More

Announcing the first round of speakers for Inman Connect New York

BrokerOwner.net November 13, 2019

These dynamic leaders won’t hold back when they take the stage at Inman Connect New York. Read More

Survey: Most homebuyers still think it’s getting harder to buy a house

BrokerOwner.net November 13, 2019

According to the National Association of Home Builders Housing Trend Report, only 21% of people planning to purchase a home think it’s getting easier to do so. On the positive side, it’s an improvement from last year’s report, when 19% of the survey respondents said the same thing. Conversely, 68%

Building lot prices reach record high, NAHB says

BrokerOwner.net November 13, 2019

Land prices reached a record high in 2018, the National Association of Home Builders said on Monday. The median price of a single-family building lot rose to $49,500 in 2018, a 4.4% gain from a year earlier, the NAHB. That’s about double the rate of inflation for the same period.

Opendoor is now buying homes up to $800,000 in its newest market

BrokerOwner.net November 13, 2019

Opendoor announced its launch in Los Angeles on Wednesday, a move that marked a new high in the company’s price ceiling for homes it will buy. Previously, $600,000 was the highest price the iBuyer would pay for a home. According to the company, this price point only existed in two

Qualia raises $55 million to continue growing real estate closing platform

BrokerOwner.net November 13, 2019

Qualia, a real estate closing technology company, is now positioned to seriously grow its platform thanks to a sizable injection of new funding. Qualia announced Wednesday that it raised $55 million in its Series C funding round, more than doubling its previous funding total of $40 million. Last March, Qualia

Sotheby’s International Realty hires new chief marketing officer

BrokerOwner.net November 13, 2019

Chief Executive Philip White made the decision to replace Kevin Thompson with Brad Nelson, a longtime veteran leader of the brand. Read More

These 9 American cities will become unaffordable by 2025

BrokerOwner.net November 13, 2019

A new GoBankingRates report identified American cities in which the average home value would rise above the national median — at the moment, $231,000 and growing. Read More

Redfin: Bidding war competition drops to 10-year low in October

BrokerOwner.net November 13, 2019

Although the nation’s low-interest rates continue to drive purchasing demand, a report from Redfin indicates America’s bidding competition weakened in October. According to the company, 10% of purchasing offers made on its site faced a bidding war during the month. Not only is this percentage down from last year’s rate of 39%, but

Wells Fargo backs 8 green housing startups

BrokerOwner.net November 13, 2019

The bank’s selection of startups focused on green technologies for residential buildings complements its $1 billion pledge towards affordable housing. Read More

Owners pull sex dungeon home off market, pivot to BDSM rental

BrokerOwner.net November 13, 2019

The Pennsylvania property went viral earlier this year after Zillow and Redfin took down photos of its so-called sex dungeon. Read More

RealPage: The size of the average U.S. household is growing

BrokerOwner.net November 13, 2019

For the first time since 1850, the average size of the U.S. household is on the rise, RealPage says. It’s not just the kids or Millennials, either. Households are growing and becoming multi-generational. Over the last century-and-a-half, household sizes have actually been shrinking, according to the data from the Census