Silicon Valley Bank, proptech hub for real estate clients, collapses

In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO.

Inman’s Top 5 stories of the week March 3-9, 2023

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for March 3-9, 2023.

Monthly homebuyer payments just hit all-time high as spring arrives

The typical monthly payment rose to $2,563 this week despite home prices that were down 1 percent, according to data on Friday. That’s the highest monthly payment on record, up 29 percent from last year.

Luxury home purchases hit record low as buyers eye other investments

Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say.

Latest jobs numbers take pressure off wages — and mortgage rates

The real estate industry got two kernels of good news in the latest jobs numbers from the U.S. Bureau of Labor Statistics.

The Nassimi Group hitches its wagon to Douglas Elliman

Formerly an independent brokerage, The Nassimi Group has relinquished its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in sales volume.

Agents sue largest Coldwell Banker franchise over commission ‘scheme’

Coldwell Banker Seacoast Advantage allegedly pocketed commission fees it told its agents were going to the franchisor. The brokerage says the allegations are "a complete fabrication."

Symba has the cheat codes for managing agent finances: Tech Review

Symba is fintech-light layered over a deal tracker, spliced with back-office accounting. It’s a superb tool for anyone new or growing in the business and a solid accessory solution for those already comfortable managing their numbers.

What the top brokerages’ color choices say about them (and how to choose your personal branding)

Color can make a difference in everything from how you feel to how you’re perceived. Find out how to use it more effectively in your branding and marketing.

Douglas Elliman earnings fall short to close out 2022

The company logged revenue of $207.3 million in the fourth quarter of 2022 compared to $334.2 million a year earlier, according to an call Friday morning to discuss Q4 and 2022 earnings.

How to craft a personal brand that sticks (even if you switch)

People will remember your profile sometimes more often than they will remember your name if you do it right. Marketing expert Michelle Berman shows us how color can impact your brand and your audience engagement.

LoanDepot founder Anthony Hsieh determined to shake up board

After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender's board of directors.

Realty ONE Group plants flag in Cayman Islands and Cyprus

The new franchises add to the brand's presence across the globe in more than 400 offices in 49 states, Washington D.C., Puerto Rico, Canada and several other countries.

The future of social media: ChatGPT on Instagram for the win

Watch the new Inman Access class featuring Michelle Berman, CEO of Berman Media PD, as she walks through best practices and pitfalls to avoid when using ChatGPT to generate social media content.

Appraiser ordered to watch exposé on Black homeowners she lowballed

Paul Austin and wife Tenisha Tate-Austin sued appraiser Janette Miller in 2021 after a lowball quote prompted the couple to pose a white friend as the homeowner for a second appraisal.

This 22-year-old agent did $16M in Year 1. Here’s how he did it

Jimmy Burgess sits down with Noah Escobar, a 22-year-old real estate agent with Berkshire Hathaway HomeServices Beach Properties of Florida closed and contracted over $16 million in sales volume in his first full calendar year as an agent.

Compass’ cash burn continues as they strive to break even

Compass is not alone in needing to cut costs during a significant market downturn — and its future depends on it.

MoxiWorks and Milestones team up to offer digital home management

The partnership will allow agents at more than 800 brokerages access to post-close software, providing new owners the ability to monitor the financial and operational state of their home.

Instagram and ChatGPT, hiring mistakes and market entry

Tune in to hear experts discuss the merging of AI and social media, hiring mistakes to avoid, and how agents can nurture their databases.

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