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Real Estate News

HUD: Appraisal that erased $220K in home value was discriminatory

Inman Real Estate News - Tue, 07/16/2024 - 16:14
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail.
Categories: Real Estate News

Engel & Völkers expands brand with new Portland, Oregon, office

Inman Real Estate News - Tue, 07/16/2024 - 16:02
Engel & Völkers has entered the Portland, Oregon, market with the opening of its new location, Engel & Völkers Portland Rose City, the firm announced today.
Categories: Real Estate News

President Biden’s 5% rent cap falls flat with industry leaders

Inman Real Estate News - Tue, 07/16/2024 - 15:35
President Biden proposed the idea of a 5 percent rent cap for corporate landlords with at least 50 units on Tuesday. However, industry leaders say caps rarely result in lower housing costs for renters.
Categories: Real Estate News

Elevated mortgage rates drive homebuilder confidence downward

Inman Real Estate News - Tue, 07/16/2024 - 12:21
Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.
Categories: Real Estate News

RealScout inks enterprise deal with Sotheby’s International Realty

Inman Real Estate News - Tue, 07/16/2024 - 11:11
Nine months after signing an enterprise deal with Anywhere, California-based proptech leader RealScout has extended its reach to include Sotheby's International Realty's company-owned locations. Agents at SIR's company-owned locations will have full access to the RealScout platform, which includes a branded home search portal, interactive side-by-side listing comparisons, social media tools, lead management and distribution, and several other agent and broker-focused support features.
Categories: Real Estate News

Mortgage ‘knowledge gaps’ may be thwarting would-be homebuyers

Inman Real Estate News - Tue, 07/16/2024 - 09:57
Three in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study.
Categories: Real Estate News

Consumer watchdog develops new standard to assess buyer contracts

Inman Real Estate News - Tue, 07/16/2024 - 08:06
After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers.
Categories: Real Estate News

From teen mom to luxury broker, Sharelle Rosado hustled to the top

Inman Real Estate News - Tue, 07/16/2024 - 04:00
Sharelle Rosado's grit and determination helped her rise up from humble beginnings to become one of Tampa's top agents. "If you dream something, no matter how big it is, go for it," the broker said.
Categories: Real Estate News

27 resources you’ll need to be ready for the Aug. 17 transition

Inman Real Estate News - Tue, 07/16/2024 - 04:00
Consider this a resource roundup to guide you through the changes you'll make, the client conversations and even the mindset shifts that are necessary right now.
Categories: Real Estate News

Commission Crunch: 5 tips to avoid scrutiny and remain in compliance

Inman Real Estate News - Tue, 07/16/2024 - 04:00
Clients are watching you now more than ever, compliance expert Summer Goralik writes. Find out how to implement best practices now, so you can avoid complaints during upcoming industry shifts.
Categories: Real Estate News

4 ways homesellers can maximize their home’s appraisal value

Inman Real Estate News - Tue, 07/16/2024 - 03:00
Fair housing expert Dr. Lee Davenport says that your low appraisal may have nothing to do with the lack of landscaping.
Categories: Real Estate News

What Microsoft’s Bing portal controversy says about MLS value

Inman Real Estate News - Tue, 07/16/2024 - 03:00
Real estate data is incredibly important to a variety of industries, and there's a cost to produce it, Sam DeBord writes. Those who do so should be properly compensated.
Categories: Real Estate News

North Carolina MLS subscribers soar by 6K with Georgia expansion

Inman Real Estate News - Tue, 07/16/2024 - 02:00
North Carolina Regional MLS's subscriber count is now more than 19,000 after adding Savannah MLS, Classic MLS and Realtors of Greater Augusta as owners, executives told Inman.
Categories: Real Estate News

Compass adds Hoboken’s Team Soha, Denver agent Stuart Crowell

Inman Real Estate News - Mon, 07/15/2024 - 18:25
Today, Compass has  announced its latest round of recruitment victories with the addition of agents Stuart Crowell and Soha Fontaine, along with her six-person team.
Categories: Real Estate News

Eviction filings skyrocket 25% above pre-pandemic norms

Inman Real Estate News - Mon, 07/15/2024 - 16:09
Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, "The Wall Street Journal" revealed on Monday.
Categories: Real Estate News

Former Engel & Völkers Naples team jumps ship to Compass

Inman Real Estate News - Mon, 07/15/2024 - 14:55
Thirty agents at SWF Premium Real Estate team who closed $321 million in sales across 278 transactions in 2023 have now aligned with Compass, the firm told Inman. A new office in Naples was also announced.
Categories: Real Estate News

Canadian consul identified as buyer of $6.6M condo ‘fit for a king’

Inman Real Estate News - Mon, 07/15/2024 - 12:39
Questions swirled last week over the identity of an unidentified buyer behind the Billionaires' Row condo transaction — with speculation rising that King Charles was at the center of the purchase.
Categories: Real Estate News

Appeals court denies NAR rehearing request of DOJ probe

Inman Real Estate News - Mon, 07/15/2024 - 12:29
The latest order by the Court of Appeals in Washington, D.C., means the DOJ is free to reopen its investigation into the National Association of Realtors.
Categories: Real Estate News

Tal Alexander denies sexual assault claims in new court filing

Inman Real Estate News - Mon, 07/15/2024 - 12:04
In a July 11 court filing, famed luxury broker Tal Alexander denied claims against him in a lawsuit asserting that he and his brothers, Oren and Alon, raped an NYC woman in 2012. The plaintiff is requesting a jury trial.
Categories: Real Estate News

Housing inventory is climbing back. So why are leads still lagging?

Inman Real Estate News - Mon, 07/15/2024 - 04:00
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.
Categories: Real Estate News