Industry News

Articles provided by InmanNews

Adjoining condos going on the market in NYC for conversion into ‘mega-units’

The opportunity to buy three adjoining condos at The Residences at The Ritz-Carlton New York and combine them into a single 15,434-square-foot “mega-unit” could be worth $118.5 million to a wealthy, space-hungry buyer. That’s what Nest Seekers’ Ryan Serhant was ...

Inman News readers say realtor.com is still a Realtor’s best friend

Of the big four real estate search portals, realtor.com is the most “friendly” for listing agents and brokers, according to a poll of Inman News readers. The poll accompanied a July 23 story about a report by real estate consulting ...

Better Homes and Gardens Real Estate targets Latinos in Vme TV partnership

Better Homes and Gardens Real Estate LLC will target the rising tide of Hispanic homebuyers and sellers with a partnership with Spanish-language TV network Vme TV that has a presence in 70 million U.S. households. The partnership between Realogy’s 6-year-old, ...

It’s official: NAR to manage new ‘.realtor’ top-level Internet domain

It’s official: The National Association of Realtors will begin offering its 1 million members Web addresses with a new .realtor top-level domain sometime before October.   In 2012, NAR applied to the Internet Corporation for Assigned Names and Numbers, which manages ...

Trulia co-founder is in a rowboat 2,000 miles off the California coast

Trulia co-founder Sami Inkinen wasn’t part of merger talks with Zillow because for more than a month he and his wife, Meredith Loring, have been rowing across the Pacific Ocean. The couple are about 300 miles from completing the 2,700-mile ...

Realtor.com taking rental listings from Zumper

Realtor.com is now set up to get rental listings from pros who use the rental marketplace Zumper to market their listings. Zumper has over half a million listings on its platform that it gets from multiple channels, said Zumper CEO ...

Signs of a winning real estate team: what to look for when partnering with a loan officer and a title and escrow agent

What does it take to be successful in the real estate industry? Here’s the short answer: partnerships! The most successful people in the real estate industry reach their professional goals by establishing essential partnerships and maintaining a reliable team, focused on a common objective ...

Trulia was up for sale 3 years ago

Trulia hired investment bank Qatalyst Partners three years ago to negotiate a sale of the company and although it was unable to swing a deal at the time, Qatalyst is collecting a fee now that JPMorgan has negotiated a sale ...

Forget drones — Coldwell Banker broker is flying Blackhawk helicopters

After the bottom fell out of the real estate market six years ago, newlywed real estate broker Matthew Hanks joined the Army National Guard to help bring in some extra income. “I was just searching for any way I could ...

Keep the toaster, we’re crowdfunding our down payment

People have long been using Kickstarter, Indiegogo and other mainstream crowdfunding sites to raise cash for all manner of pursuits. But more recently, niche crowdfunding sites have been popping up. A number of them focus on helping people raise cash for real estate-related pursuits, including cobbling together enough cash for a down payment ...

Showing Suite mobile app caters to real estate agents and clients on both sides of the deal

Real estate showing management software company Showing Suite Inc. has launched what it says is the first mobile app for all four parties in a transaction: listing agent, seller, buyer’s agent and buyer. This does not mean buyers will be ...

Move CEO on Zillow, Trulia merger: ‘We like the comp’

Move Inc. CEO Steve Berkowitz likes what Zillow’s plan to acquire Trulia for $3.5 billion in stock has to say about his own company’s value. Given realtor.com operator Move and Trulia’s similar size, “We like the comp,” Berkowitz told investors ...

Toledo lost almost half its Realtors in the downturn. Are they ever coming back?

The Toledo Board of Realtors had more than 2,000 members before the bottom fell out of the housing market. Today membership is slowly climbing back from a post-recession trough of around 1,100, as interest in a career in real estate ...

ComScore data show potential for combined Zillow, Trulia to dominate

The latest comScore numbers on consumer traffic to real estate search portals bolster predictions that Zillow’s plans to acquire Trulia will put the company in a league of its own in its ability to connect homebuyers and sellers with real ...

Sotheby’s International Realty coming to India

Sotheby’s International Realty Affiliates LLC will soon have presence in India, having signed an agreement with RealPro Infra Private Ltd. to develop the brand. RealPro Infra co-owner and CEO Amit Goyal will open the first North India Sotheby’s International Realty ...

NAR-backed zipLogix and Updater integrating to help streamline the moving process

Two companies partially owned by the National Association of Realtors will soon integrate their products to help real estate professionals simplify the moving process for their clients, the trade group announced today. As a result of the integration, agents who ...

Home price growth continues to cool

Yearly growth in U.S. home prices continued to slow in May, but still remained well above average. The S&P/Case Shiller 20-City Composite Index showed prices rising 9.3 percent year over year in May, down from 10.8 percent in April. Annual ...

Realtor.com’s new economist won’t tell you ‘It’s a great time to buy or sell a home’

In the fall of 2006, as the world hurtled toward a financial crisis precipitated by loose mortgage lending practices that fueled one of the greatest housing bubbles in U.S. history, the National Association of Realtors launched a $40 million advertising ...

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