Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators' antitrust concerns as critics raise market power, data privacy issues.

Redfin Chief Economist Daryl Fairweather reveals to Intel the top data point signaling a coming rebound and shares why inflation and mortgage rates will continue to lead the market this spring.

An Edward Durell Stone house in Montclair, a two-bedroom condominium in St. Paul and a 1928 Tudor Revival home in Kansas City.

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Nepotism babies—aka “nepo babies”—are the privileged offspring of wealthy celebrities or industry insiders who have achieved some level of fame or success thanks to their familial connections.

The concept of celebrity kids getting a leg up is nothing new, but the moniker officially entered pop culture last year when New York Magazine declared 2022 “The Year of the Nepo Baby.”

Whether they’re in front of the camera (Lily-Rose Depp, Drew Barrymore, Dakota Johnson), on fashion runways (Kendall Jenner, Kaia Gerber, Lila Moss), selling out concert venues (Miley Cyrus, Willow Smith, Steve Aoki), or building a business empire (Kim Kardashian, Kylie Jenner, Gwyneth Paltrow), nepo babies are no strangers to the idea of scoring big breaks thanks to their famous family members.

So it’s no surprise that this fortunate bunch has also made big moves in real estate, each of them having bought and sold some of the most noteworthy properties imaginable.

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“House-rich, cash-poor” sounds like the title of a country song. After all, how can someone be rich and poor at the same time, unless they’re fighting some poetic struggle in a twangy ballad? Well, it all comes down to how much you have tied up in your home, compared with how much you have in your pocket.

‘House-rich, cash-poor’ explained in real numbers

Being house-rich and cash-poor means you have more equity locked into the value of your home than you have in liquid assets.

Leon Goldfeld, co-founder of the New York–based real estate brokerage startup Yoreevo, breaks down how the house-rich, cash-poor scenario can play out:

You have a debt-to-income ratio higher than 40%, which means your homeownership expenses take up over 40% of your income. (As a general rule, it’s best to not spend more than 30% of your income on living expenses.)Your home equity makes up more than 80% of your total net worth.You have less than six months in cash reserves to cover your total monthly expenses if the need arises.

 

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How to price a home in a seller’s market may be a question that’s top of mind if you’re listing your home. Much of the United States right now is a seller’s market—which spells potential for major profits. Lucky you!

However: Some sellers may see this as an opportunity to set the bar high—maybe too high—when it comes to their list price. Others may decide on a lower asking price, in hopes of generating a bidding war.

So which pricing strategy works best in a seller’s market? Every approach has its pros and cons, so here’s how to determine the best one for you.

First, assess the landscape

Before you go about setting your list price, you’ll want to survey your area to see whether you’re truly in a seller’s market, says Seth Lejeune, a real estate agent with Berkshire Hathaway in Collegeville, PA.

With major highways running through it, the township offers easy access to schools, shopping and medical care: ‘There’s something for everyone.’

Dan Raymond and Casey Juntila

Rapidly rising rents recently nudged Dan Raymond and Casey Juntila to wonder if they should try to buy a house instead.

“We looked around and realized [rent was] the same as a mortgage, even with the inflated rates and higher home prices,” Raymond recalls.

The couple, who are engaged, work as researchers at the University of Michigan in Ann Arbor and wanted to live in the suburbs. Yet while they could swing a monthly mortgage payment, they hadn’t amassed much savings to put toward a down payment or closing costs. As a result, their house hunt dragged on for three months with no affordable prospects in sight.

That’s when their real estate agent, Charo Ledon of The Home Buyer’s Agent of Ann Arbor, suggested they consider an option that they presumed was beyond their financial reach: a brand-new house.

With major highways running through it, the 38-square-mile township offers easy access to schools, shopping and medical care: ‘There’s something for everyone.’

With major highways running through it, the 38-square-mile township offers easy access to schools, shopping and medical care: ‘There’s something for everyone.’

In this week's Pulse, we're wondering: What sure signs of bad leadership should not be ignored? How can you recover from a toxic leader?

Rule No. 1: “You don’t have to just have a plain-Jane green plant.” But here’s what you do have to do — to find the right plant and maintain it.

Whether taking that promotion, expanding their business, getting a broker’s license or trying to prepare everyone for a different financial reality, here are some tips agents can use to communicate better with their families.

Being really honest with yourself and asking these key soul-searching questions can help you determine whether making a move is right for you at this particular moment in your life, author and coach Darryl Davis writes.

Whether you call it TBG or the blame game, it has an insidious effect on your business, writes team leader Carl Medford. The longer it's allowed to fester, the more damage blame will cause to team unity and morale, along with client confidence and trust.

The white-labeling program, zavvie Power Buyer, was announced exclusively to Inman and will include two models: contingency-free (cash offer) financing and a buy-before-you-sell bridge loan.

Getty Images / Realtor.com

The Hot Springs, AR, house where Bill Clinton grew up is available for a modest $345,000. The listing marks the property’s first time on the public market.

But the 3,708-square-foot home, known as the Birnbaum-Shubetz House, needs an update.

This six-bedroom abode is listed on the National Register of Historic Places—a designation that could afford certain tax credits.

Clinton lived in the house during his teenage years, from 1954 to 1961, the period when he first identified his political aspirations. He would go on to become the governor of Arkansas and the 42nd U.S. president.

The short-term rental platform posted $1.9 billion in profits and $8.4 billion in revenue in 2022, a 40 percent surge from a year earlier, according to executives during a full-year and 4Q earnings call Tuesday afternoon.

Realtor.com

It’s not often that a castle pops up on the Pacific Northwest rental market—but that’s exactly the case for this five-bedroom chateau in Sequim, WA.

Nestled on a family-owned, 200-acre farm, the 6,000-square-foot living space comes fully furnished. Highlights include a steam shower, a wood-burning fireplace, luxury linens, and spare mattresses for up to 20 guests.

Available for $7,000 a month or $1,000 a night (with a two-night minimum), the Gate Keepers Castle has easy access to the Olympic Discovery Trail and Miller Peninsula State Park.

Water views

Realtor.com

Realtor.com

With a private dock and new kitchen, this 4,353-square-foot home hugs nearly 200 feet of Tampa Bay’s waterfront and enjoys unobstructed views.

The midcentury modern dwelling comes with a distinguished architectural pedigree: It was designed by Frank Lloyd Wright protege Sanford Goldman.

The St. Petersburg, FL, property is on the market for $7,800,000.

“The house is an iconic piece,” says listing agent Jason Maniecki, of All Pro Realty Network.