Real estate coaching is a service provided to real estate agents and brokers to help them improve their skills, knowledge, and performance in the real estate industry. Real estate coaching can take many forms, including one-on-one coaching, group coaching, online coaching, and in-person training sessions. Real estate coaches can provide guidance an...
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.
Half the Homes, for 50% More Money: An Honest Look at Homebuyers’ New Reality
If you’re the type of homebuyer whose mood soars or plummets depending on the latest mortgage rates, then this week was a tough one.
Mortgage interest rates climbed to 6.73% for a 30-year fixed-rate mortgage, for the week ending March 9, according to Freddie Mac. This means today’s homebuyers will have to pay almost 50% more per month for home than they would have just a year earlier.
This steep hike in housing costs might hurt the rebound that had been emerging in the housing market, when rates were lower earlier this year.
“Recent signs of a housing bottom have been encouraging, but the still-shifting financial and economic landscape makes it hard to pinpoint whether the floor is firm enough to withstand these new challenges,” says Realtor.com® Chief Economist Danielle Hale in her most recent analysis. “In the meanwhile, that means housing activity is likely to continue roughly in line with its recent low pace of sales.”
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.
QB Baker Mayfield Quickly Sells His Ohio Home for Just Under $1M
Realtor.com / Steph Chambers via Getty Images
Quarterback Baker Mayfield is now a free agent after playing for both the Carolina Panthers and the Los Angeles Rams last season.
And according to reports, there’s NFL-wide interest in Mayfield’s signal-calling chops.
Of more immediate relevance, though, is the interest in Mayfield’s Ohio real estate.
After just 13 days on the market, the athlete’s four-bedroom, 3.5-bath home in Westlake, OH, sold for $949,900—nearly what he’d asked for it.
Cooking With Color: 5 Kitchen Design Ideas To Help You Break Out of Your Monochrome Rut
Photo courtesy of A New Day - Interior Design Studio via Houzz
White has been the go-to color for kitchen cabinets, countertops, and backsplashes for as long as we can remember. In a room that gets so messy, homeowners can’t help but gravitate toward pristine, white furnishings that make the room feel open and bright.
But over the past handful of years, the sterile soullessness that’s inherent to the all-white kitchen has caused the pendulum to swing toward design trends with contrast, like two-tone cabinets (i.e., light-color uppers and dark-color lowers) and dark stone countertops. Homeowners have warmed up to the idea of playing with color and texture in their kitchen in a big way.
The following popular posts from Instagram feature designs that demonstrate how to tastefully infuse color into your kitchen in a variety of ways. So if you’re looking to get out of your monochrome rut, keep reading for some fresh ideas for your kitchen.
1. Color pop in the cabinets
For those who aren’t quite ready to redo their cabinet fronts in a bold hue, check out this technique from @colombe studio.
House Gone Wild: Ohio Property With a Stripper Pole Is the Week’s Most Popular Listing
An 8,880-square-foot house in Zanesville, OH, complete with a stripper pole and windowless rooms is this week’s most popular home on Realtor.com®.
With an off-the-charts creep vibe, the five-bedroom home could double as the set of a horror flick. At first glance, the newly renovated interior looks beautiful with its high ceilings and modern kitchen, but then it gets downright scary from there. The bedrooms are windowless, some of the bathrooms have no doors, and then there’s the “entertainment area” with the stripper pole.
Other homes that made the popularity list include a waterfront mobile home in Florida for under $200,000, a Wisconsin property that originated as a church and evolved into a library before transforming into a home, and a classic midcentury modern home in Missouri.
For a full look at this week’s 10 most popular homes, keep on scrolling.
What Can a 1970s Magazine Teach Us Today?
The cluttered, lively ethos of Apartment Life offers an antidote to the chilly perfectionism of Instagram — and creative ideas that still feel relevant.
A Designer’s Home on Central Park, Where the Views Dictate the Décor
Adrienne Vittadini is known for her use of bold colors, often several at once. But not in her Fifth Avenue apartment, which is listed at $7.5 million.
Out-of-Towners Head to ‘Climate-Proof Duluth’
The former industrial town in Minnesota is coming to terms with its status as a refuge for people moving from across the country because of climate change.
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.