Industry News

Articles provided by InmanNews

Tech boom fallout: $1.8M teardown under contract in Silicon Valley

Coldwell Banker Residential Brokerage listing agent Debbie Wilhelm is upfront in the listing description: “Property is not habitable. Property is located in a flood zone. Prospective buyers to drive or walk around property only.” She hints at what you might ...

Things get ugly when agents outnumber transactions

There are more licensed agents in Westport and Weston, Connecticut, than there are transactions each year, Coldwell Banker agent Evi Coghlan reports. The result? Homeowners get “bait and switch” letters from real estate agents who claim to have out-of-state buyers ...

Realtors at Coldwell Banker office say, ‘Stop us, before we win the lotto again!’

A Coldwell Banker Premier Real Estate office in South St. Louis County, Missouri, has produced a third big lotto winner in two years. “It’s positive energy. That’s how we sell homes,” says Coldwell Banker agent Kimberly DeLapp, who won $100,000 ...

Why Realtors haven’t been able to turn SEO into a major source of leads

If you’re not a professional online marketer or a Web programmer -- and most real estates agents are not -- the term search engine optimization (SEO) is intimidating. You know it is really important to how your website attracts potential clients, but you may not know how to make that happen ...

The good news in finance this week was not what you might think

Financial markets have stopped their hysterics for now, so let’s get some other things straight. Things about mortgage and other credit. Simple things. FDR’s first fireside chat in 1933 was devoted to simple explanations of banking. The next day Will ...

Zillow CEO: Trulia acquisition could close this year, Pete Flint expected to stay on

Zillow CEO Spencer Rascoff says the company’s had “a lot of conversations with the Federal Trade Commission” over its planned acquisition of rival Trulia, and he’s “confident that the deal will close late this year or early next, and that ...

Redfin signs second homebuilder to custom listing service

Redfin has begun marketing the listings of a Chicago-area homebuilder, the second company to sign on to a custom listing service for builders the brokerage launched last fall. Redfin Builder Services, a listing service offered by Redfin that promises to bring “massive ...

Boutique real estate brokerage sells 50 percent stake to big developer

One of New York City’s biggest developers, The Related Companies, has bought a 50 percent ownership stake in CORE, one of the city’s most well-known boutique residential real estate firms, The New York Times reported. Terms of the deal were ...

And you thought time-lapse video was cool

Check out photographer Julian Tryba's "layer-lapse" video, which time-shifts footage of multiple objects or regions within the same scene -- shot at different times of day from the same camera angle -- and plays it all back in a simultaneous flow. Whoa! Are real estate videos about to get trippy ...

5 myths about mega producers

Mega real estate producers are an enigma. They have secrets and magic formulas and know things the rest of us don’t, which is why they’re so much more successful than everyone else, right? Ironically, some of the biggest misconceptions about top producers are also the biggest reasons many agents don’t and won’t ever achieve that level of success ...

San Diego MLS rolls out new consumer-facing real estate search site

Sandicor Inc., one of the largest multiple listing services in California, has launched a new public-facing property search portal with responsive design and a common search interface for consumers and real estate professionals. The site, Sandicormls.com, is built on the ...

Teens of Generation Z bullish on homeownership

The 13- to 17-year-olds of “Generation Z” believe homeownership is a more vital component of the American dream than graduating from college, getting married or having children. That’s according to an online survey of 1,000 teens conducted between July 18 and July 29 ...

Are mortgage regulators trying to turn ‘mythic housing recovery’ into a real one?

By giving lenders some assurances that Fannie Mae and Freddie Mac aren’t going to make them buy back mortgages at the drop of the hat, federal regulators are essentially saying, “Go ahead and lend; we’ll hold the paper,” writes David ...

Mortgages haven’t been this cheap since summer of ’13

Cheap mortgages are renewing interest in refinancing, but don’t seem to be doing much to spur homebuyers into action yet. Freddie Mac’s weekly survey of lenders shows rates on 30-year fixed-rate home loans at 3.92 percent, the best rate since ...

Re/Max open for business in Beijing

The first Re/Max office in China, Re/Max Eternity, is open for business in Beijing’s Chaoyang business district. Re/Max Eternity broker-owner Xianqiu Kong plans to open two more offices in Beijing in the next three years and is excited about connecting ...

CoreLogic’s Matrix now serves more than 300,000 real estate pros

A Canadian real estate trade group is the latest to sign up for CoreLogic’s Matrix multiple listing service platform, adding to the more than 300,000 real estate professionals using the platform. The 5,200-member Calgary Real Estate Board has signed a ...

.Realty top-level domain auctioned for $5.58M

The rights to administer a new generic top-level domain, .Realty, were auctioned off Wednesday for $5.58 million to “domaineer” Jay Westerdal’s Fegistry LLC. Thanks to its trademark on the term “Realtor,” the National Association of Realtors was granted the right ...

ZipRealty giveth leads to Warren Buffett, Realogy-owned ZipRealty taketh away

Starting next month, leads generated by ZipRealty’s “Powered by Zip” referral network in the Tucson, Arizona, market will go to a Realogy-owned brokerage, Coldwell Banker Residential Brokerage in Arizona, instead of Long Realty, one of the first two brokerages to ...

Realtors