The company intends to make it easier for agents to generate useful, engaging content. "Humans have worked hard for a long time. It is time machines do the heavy lifting from here on," said CEO of planetRE Subrao Shenoy.
Facebook announces new system to avoid housing ad discrimination
The company launched its Variance Reduction System this week, a provision in the settlement Meta worked out with the U.S. Department of Justice.
Glitzy Property Brothers House Hits the Vegas Market for Under $1M
Realtor.com / Gilles Mingasson/ Getty Images / HGTV
The vast majority of “Property Brothers” renovations that hit the market feature just a few rooms made over in the siblings’ signature styles. The rest of the house is left to the owner’s vision.
But the homes featured on “Brother vs. Brother” have the Jonathan or Drew Scott stamp on every square inch.
This HGTV spinoff series pits the designing twins against each other as they work on separate homes, room by room. Each brother competes to see who can make the most profit on his newly renovated home once it sells. Proceeds go to charity, of course.
The homes featured on “Brother vs. Brother” seldom appear on the market. Once Jonathan and Drew get their hands on them, they turn out so beautifully that the buyers typically don’t want to let them go.
Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence
Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent.
Meredith Pierson teams up with Missy Jerfita at Compass
Following her departure from Berkshire Hathaway HomeServices, Pierson joined forces with Jerfita to build on Jerfita's existing team and create the Jerfita Pierson Team at Compass.
‘Fixer to Fabulous’ Unveils the Next Big Thing Every Homeowner Will Want This Year
On “Fixer to Fabulous,” Dave and Jenny Marrs always go all out when making over a house, but the latest episode proves the pressure is more intense on some projects than others.
In “Rustic Cape Cod Reno,” they’re remodeling a 1980s Cape Cod for Shea and Nick. Shea is Jenny’s hairdresser, and she also styles all the women in her family plus just about everyone else she knows. So understandably, Jenny wants to return the favor with a renovation that really blows her hairdresser’s hair back!
Luckily, the 2,200-square-foot, three-bedroom, 2.5-bath home that Nick and Shea just bought has lots of potential. Bonus: Shea and Nick have a whopping $220,000 to spend to make it even better.
As the Marrses get to work, they come up with some truly surprising ideas and decor lessons that all homeowners might be inspired to incorporate into their own homes.
Compass faces first downturn amid pressure to cut costs
The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn.
Student-Loan Repayment Pause Helped Young People ‘Participate in the Recent Housing Boom’
The ongoing student-loan payment pause enacted first during the coronavirus pandemic boosted homeownership rates among young Americans, according to a new report.
Student-loan repayments have been paused since the pandemic first started spreading in March 2020.
The report by Jain Family Institute, a New-York based research organization, found that the pause in monthly repayments allowed borrowers to budget more towards buying a home.
“Benefiting from the student-loan repayment pause, which has eased debt burdens for many, young borrowers were able to participate in the recent housing boom,” the report stated.
After Purchasing ‘The One’ Megamansion, Fashion Nova CEO Splashes Out $40M More for a Malibu Beach Home
Fashion Nova CEO Richard Saghian has reportedly splashed out a cool $40 million for a Malibu, CA, beach pad, according to the Real Deal.
The fast-fashion retailer certainly has a taste for haute real estate.
Saghian picked up “The One” megamansion in Bel-Air at auction for $141 million in 2022. It was hailed as the most expensive residential real estate deal at auction in U.S. history.
As for his most recent purchase, according to the Real Deal, the sleek beachfront estate was originally listed in June for $69 million by Lee Samson, founder of Windsor Healthcare Management.
Pacaso launches low-down payment option for new second home buyers
With Pacaso Now, the company is offering a 5 percent-down payment option for a one-eighth share, thereby providing second home buyers 3 options after 12 months, according to an announcement.
Wells Fargo exiting correspondent mortgage lending business
Executives hope to reduce risk by reducing the size and narrowing the focus of bank's mortgage business to better serve retail customers and minority communities.
4 Buyers Spill on What It’s Like To Buy at the Top of Market and Sell Now
The real estate market is in a tricky spot right now. Homeowner equity hit a delirious peak of $17.6 trillion in May 2021, thanks to a pandemic-induced 45% spike in prices. Since then, it has declined by more than $1.3 trillion, according to the latest data from Black Knight’s Mortgage Monitor for September 2022.
Behind these sweeping data points, though, are real people: folks who bought at the top of the market and were forced to sell due to a change in life circumstances beyond their control. Even professional flippers who make a living watching and anticipating the market have been hit hard by the real estate roller-coaster ride.
Read on for real-life insight into how homeowners handled their setbacks. Their experiences may provide not just food for thought but also a blueprint for action if you find yourself in a similar spot.
Situation No. 1: Take the hit and move on
“If you are forced to move and sell immediately, sometimes that means you just have to take a loss,” says Dmytro Kondratiev, an attorney with LLC Services. “My good friend ended up in just this situation after saving for years to buy his dream home with his family. They found the perfect property and made an offer, even though the market was at its peak. They knew they were paying a high price, but decided to go ahead.”
$700,000 Homes in Texas, Virginia and Missouri
A bungalow in Galveston, a brick rowhouse in Alexandria and a 1912 Tudor Revival home in University City.
Why Purchasing New Construction Can Be a Smart Move for First-Time Homebuyers
Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction.
While it’s true that brand-new homes often come with a heftier price tag upfront, these properties can actually end up being a good—even great—deal for first-time buyers.
“It is true that new-construction homes, on average, are 10% to 15% higher in sales price than resale homes, but that doesn’t mean that they are less affordable,” says Bob Seeman, vice president of sales for New Homes at Realtor.com. “Simply put, total homeownership costs are more than a monthly mortgage payment alone.”
Here’s why first-time homebuyers shouldn’t rule out new construction, and how these opportunities can be a better deal than many might think.
It’s OK to Get Carried Away When You’re Shopping for Flower Seeds
Here’s how to make sure those impulse catalog purchases result in happy surprises — not buyer’s remorse.
Go pro! 23 reasons top agents stand out among amateurs
When markets get tough, and 2023 is certainly shaping up that way, it's the professionals who come out in the winner’s circle while the amateurs are left standing on the sidelines.
2023 is going to be alright
You've got 365 days to work with in 2023. Whatever your circumstances, writes Teresa Boardman, it all comes down to what you decide to do with them.
How did you know real estate was for you? Agents share their stories
From the ability to control their own income and flexibility of work hours to making a positive impact in the lives of others — there are many reasons why real estate professionals do what they do.
What Is a Slipper Tub? The Most Beautiful Bath of All
This shapely, free-standing bathtub is true to its name: One side is higher than the other, much like a heeled shoe.
The slipper tub was all the rage in Victorian times and were first installed in public bathhouses and washrooms, according to Sara Chiarilli, an interior designer with Artful Conceptions. The higher end of the tub allowed the bather more privacy.
As people began adding them to their homes, they became a status symbol.
“This tub was considered a luxury item, not a necessity, because only the wealthy took baths,” says Drew Henry of Design Dudes.
Blend cuts nearly 30% of workforce in blistering 4th round of layoffs
Blend also announced the resignations of President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer amid a round of cuts impacting about 340 workers.