Real estate leaders see 'growth opportunities all over' right now
Artificial intelligence and mergers and acquisitions represent big growth opportunities at this particular moment, according to a trio of leaders
by Jim Dalrymple II Jul 31
Agents need to prepare for failure, harness opportunities, group says
‘Success is a very strange beast and it often comes before total annihilation,’ said Beverly Hills broker Gary Gold at Inman Luxury Connect
by Taylor Anderson Jul 30
Luxury Presence CEO: AI is 'absolutely' here to stay
Industry leaders argued Monday that artificial intelligence will continue disrupting real estate and that leaders must learn how to harness it
by Jim Dalrymple II Jul 29
More than 10M homesellers targeted in class-action media blitz
JND Legal Administration, the company tapped by lawyers to oversee administrative tasks around the Gibson settlement, sent mail out to millions of potential class members earlier this year
by Taylor Anderson Jul 26
Keller Williams Realty Metro Atlanta picks up 11:11 Realty Group
The merger with the team managed by Esther Ozuna continues the growth of an Atlanta team that has ranked among the RealTrends 100 nationally in recent years
by Taylor Anderson Jul 25
Number of US cities where starter homes cost $1M spiked since 2019
California is home to nearly half of all cities where it costs at least $1M to buy a starter home. Nationwide, 237 cities are now 'million-dollar' cities, according to a new report from Zillow
by Taylor Anderson Jul 25
Next booking for 'Wolf of Airbnb’ grifter Konrad Bicher? Prison 
Konrad Bicher, 32, was sentenced to more than 4 years in prison after pleading guilty to a long-running short-term rental scam that earned him over $1M and his 'Wolf of Airbnb' nickname
by Taylor Anderson Jul 25
Austin Allison and Pacaso are coming for the masses
The Pacaso CEO peels back the curtain on his company’s evolution to a new chapter as it buys more houses in more markets at lower prices
by Taylor Anderson Jul 15
‘It’s finally happening': Cooler inflation opens the door to rate cut
Overall inflation rose just 3% on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday
by Taylor Anderson Jul 11
Final Offer buys North American operations of Openn Negotiation
The acquisition will allow Final Offer, a platform for managing and negotiating offers, to provide a 'transparent and straightforward experience when buying and selling a home,' executives said
by Jim Dalrymple II Jul 10
CoStar censured for claims made about traffic in Homes.com ads
CoStar group has complied with a request by the Better Business Bureau National Programs' National Advertising Division to cease claims in ads that its residential portal has doubled the traffic of Realtor.com
by Marian McPherson Jul 9
Realtor.com parent sues CoStar Group, claiming theft of portal data
‘Competitors should never be allowed to cheat and steal to get ahead,’ Move, Inc. attorneys claim in a new suit alleging an ex-Realtor.com employee maintained access to the data while at CoStar
by Taylor Anderson Jul 3
DOJ has close eye on settlement workarounds, NAR President says
In a statement sent to NAR members, Kevin Sears confirmed executives of the trade organization met with Assistant Attorney General Jonathan Kanter last week to discuss settlement updates
by Taylor Anderson Jul 2
RealPage lays off 4% of workforce amid ongoing lawsuits and probe
The layoffs include employees at various levels of the company and come as RealPage faces scrutiny from federal regulators, who claim its software allows landlords to collude on rent
by Taylor Anderson Jun 28
Zillow partners with Moody's on multifamily rental data
The partnership will give larger multifamily rental operators access to Moody's data on topics such as rents, vacancies and inventory
by Jim Dalrymple II Jun 26
Watchdog group takes aim at California buyer rep agreements
New report shines light on buyer representation agreements as brokerages and Realtor organizations move to update forms and comply with legal settlements this summer
by Taylor Anderson Jun 25
Nova Scotia MLS adds new fields to serve buyers with mobility needs
Realtors can now add information to help potential buyers search for homes that might meet their mobility needs. The new fields were added to the Nova Scotia MLS on Wednesday
by Taylor Anderson Jun 6
Microsoft's mysterious real estate portal sparks data safety concerns
Industry watchers are sounding the alarm about Microsoft's Bing Real Estate, a site that for months has been reposting listings from Zillow, Realtor.com and Redfin without explanation
by Marian McPherson Jun 4
MoxiWorks replaces CEO with AI startup executive
Eric Elfman previously founded Onit, which focuses on artificial intelligence and workflow automation. Former MoxiWorks CEO York Baur is remaining on the company's board
by Jim Dalrymple II Jun 3
Meet a high-touch underdog taking on the search portal Goliaths
Movoto may be a familiar name, but under OJO's ownership the brand is quietly embarking on a David-and-Goliath struggle for a place in the portal pantheon
by Jim Dalrymple II May 13
Airbnb continues growth as Q1 profit more than doubles to $264M
Total revenue climbs 18% in the first quarter as Airbnb continued to add supply and benefit from a surge in bookings for events like the eclipse
by Taylor Anderson May 8
Matterport trimmed losses in the months before CoStar purchase
The company's net loss was 36% less than in 2023, according to Matterport's earnings from the quarter. Revenue rose 5% for the quarter
by Taylor Anderson May 6
Flat-fee brokerage Homie makes remarkable pivot amid upheaval
The Utah-based disruptor 'moved our real estate agents from W2 to 1099' while other 'non-Homie' agents were laid off last week due to 'role redundancy,' a Homie spokesperson confirmed to Inman
by Jim Dalrymple II Apr 22
CoStar to acquire 3D scanning company Matterport for $1.6B
Matterport's board of directors unanimously approved the deal, to be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting an equity value of $2.1B
by Taylor Anderson Apr 22
Weeklong BoomTown outage was caused by hackers, CEO confirms
On Wednesday, executives told customers that a 'security incident involving a malicious third party' caused the outage that has disrupted thousands of brokers and agents since last week
by Taylor Anderson Apr 18
Agents feel the pain as BoomTown outage extends into another week
Since April 10, brokerage websites across the country have been dark as BoomTown scrambles to resolve service disruptions. The outage has already impacted the bottom line, agents told Inman
by Taylor Anderson Apr 15
BoomTown is dealing with a service outage. Now agents want answers
Real estate professionals have been seeking answers since Wednesday, when many lost access to their personal websites, lead services and other tools provided by BoomTown, agents told Inman
Kentucky, W. Virginia move to ban exclusive, right-to-list agreements
New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices
by Taylor Anderson Apr 3
Pacaso is now offering shares in homes for as little as $130K
The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers
by Taylor Anderson Mar 26
LGBTQ+ Real Estate Alliance launches anti-LGBTQ bill tracker
The LGBTQ+ Real Estate Alliance launched an anti-LGBTQ bill tracker on Thursday as part of the Alliance's plan to make NAR and its lobbying arm, RPAC, stop funding anti-LGBTQ legislators
by Marian McPherson Mar 14
As spring nears, real estate agents are reconsidering paid leads: Intel
Two months of Inman Intel Index survey data shows waning confidence in real-world business-building activities but growing interest in buying leads on the internet
by Jim Dalrymple II Mar 14
OJO acquires The LEAD Syndicate, rebrands around Movoto
The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents
by Jim Dalrymple II Mar 12
Curbio faces lawsuits, complaints from agents amid rapid growth
Some Realtors and the attorney general in Washington, D.C., have come forward with criticism of Curbio. Executives say the complaints represent a tiny fraction of the thousands it has helped
by Taylor Anderson Mar 7
Brick Underground saved from folding by last-minute buyer
The New York City-based real estate news site, a resource for buyers, sellers and renters, briefly ceased publication last week before announcing Monday it had been acquired
by Taylor Anderson Mar 5
Doss debuts 'accelerator' program to waive franchise fees
Twenty participants in the new program will not have to pay Doss' normal $15,000 franchise fee, though they will have to commit to growing their businesses
by Jim Dalrymple II Mar 4
Rent is falling fastest in markets that added the most new supply
Rent is now 0.7% lower for one-bedroom rentals nationwide than it was a year ago, but some markets are still seeing significant increases, new report shows
by Taylor Anderson Feb 27
Judge rules proposed Chicago transfer tax hike is invalid
Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month
by Taylor Anderson Feb 23
Utah homeseller files commission lawsuit against NAR, 13 others
The complaint — one of nearly two dozen targeting real estate's commission-sharing structure — alleges 'most' buyer agents will steer clients away from listings that offer lower commission
by Taylor Anderson Feb 12
NYC real estate news site Brick Underground to close unless sold
The site started as an objective resource for renters and buyers moving to or living in New York City. Staff holds out hope for a sale this month
by Taylor Anderson Feb 8
AI will be huge, is like 'having a summer intern'
OpenAI's Adam Goldberg argued at Inman Connect New York that the most important skill for using AI effectively is 'clarity of thought'
by Jim Dalrymple II Jan 29
In mortgage and finance, high rates are 'a little bit of a blessing'
Wednesday's panel at ICNY 2024 says a high interest rate environment will continue driving innovation in the mortgage and finance sector
by Taylor Anderson Jan 24
Brokers need to see silver linings and lead through down times
'Every challenge presents a silver lining. You just have to be willing to look at it right,' ERA President Alex Vidal said on stage at ICNY on Tuesday
by Taylor Anderson Jan 23
For a better buying experience, agents should look to Warby Parker
Consumers today are accustomed to connecting with products they buy before ever stepping outside of the house
by Taylor Anderson Jan 23
Too much too soon? AI is now 'nearly ubiquitous' in real estate
As many as 80% of agents are using AI to do things like write listing descriptions, but real estate leaders also have concerns about 'guardrails' for the tech
by Jim Dalrymple II Jan 18
Homebuyers are now paying $400 less per month than in October
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet
by Taylor Anderson Jan 4
More agents than ever earn business from networking and SOI
From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all
by Chris LeBarton Dec 29
How well do you remember 2023's biggest real estate stories?
Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate's most eventful years in recent memory
by Jim Dalrymple II Dec 29
Azibo, Fello, Cloze among Inman's best-reviewed proptech of 2023
Opinion
AI fueled the biggest trends in proptech this year, but so did efforts to put the consumer first, tech critic Craig Rowe writes. Check out the dozens of products that received his highest praise in 2023
by Craig C. Rowe Dec 28
New data shows much of the US has entered the ‘renter’s market’
The Sun Belt leads the ongoing drop in rent declines, and the price of rent is now lower than a year ago in 50 of the top 100 markets Zumper tracks
by Taylor Anderson Nov 28
How to invest in real estate with tax-sheltered accounts
Opinion
Many investors flock to real estate for the inherent tax advantages it can provide. But what if you want even more? 
by G. Brian Davis Nov 14
Get ready to play landlord with the latest version of The Sims
Players can experience what it's like to manage rentals in a real city, with tenants who harass each other, miss rent and commit crime
by Taylor Anderson Nov 7
Buffett, Munger foresee 'hollowed out' downtowns as offices empty
Warren Buffett and his partner Charlie Munger see distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. ‘The buildings don’t go away,’ Buffett said
by Taylor Anderson Oct 24
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30% as a result of ongoing threats to the real estate industry
by Taylor Anderson Oct 16
CoStar lawsuit accuses Homesnap founder of stealing trade secrets
The commercial real estate giant is seeking to stop Homesnap founder Guy Wolcott from marketing a new data-transfer platform, which CoStar alleges is 'a copycat' of its own tech
by Daniel Houston Oct 2
Homes are no longer affordable for the average American, report says
Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250
by Taylor Anderson Sep 29
'Cash Flow King' took millions in Ponzi scheme, according to SEC
‘Nearly everything about his scheme was a lie,’ the SEC says in new charges against the investor, who raised money to buy homes in northern Ohio
by Taylor Anderson Sep 27
Record share of homebuyers flee into the path of climate change
People are concerned about the changing climate's impact on their hometowns, but they're more concerned about a lack of housing affordability, according to a new report from Redfin
by Taylor Anderson Sep 27
Investors coalesce around #Retwit as Re-convene returns to California
As Re-convene returns to Santa Monica this week, investors nationwide will be following along on Twitter, where an enthusiastic community of investors has leaned into social media in a big way
by Taylor Anderson Sep 26
'Rich Dad' predicts an Airbnb-led 'market crash.' Fanboys rejoice
Robert Kiyosaki's social media post was the latest viral prediction about the short-term rental giant. Will this be the one that comes true, or is it another hoax?
by Taylor Anderson Sep 15
Home values fell in 21 of the 50 largest US metros in August: Zillow
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
by Taylor Anderson Sep 13
Rent remains near record highs, but the balance of power is shifting
At $2,052, the median monthly rent remains near its all-time high. But builders are wrapping up construction on thousands of new units, and rents could start falling soon
by Taylor Anderson Sep 12
Hidden risks: What upcoming shifts are investors ignoring?
Real estate investors now know about the risks posed by interest rates. But what is the threat they'll be facing in a year or 2? G. Brian Davis breaks it all down
by G. Brian Davis Sep 12
Chicago property owner amasses $15M in fines for 'rat harborage'
Suburban landowner Suzie B. Wilson has acquired hundreds of largely vacant properties in the city's south and west sides while garnering thousands of tickets worth millions of dollars
by Taylor Anderson Sep 11
New suit alleges Yardi rent-setting software violates antitrust law
A lawsuit filed by a renter in Seattle accuses property management software firm and major landlords of violating antitrust statutes through a product used to set rental rates
by Taylor Anderson Sep 8
Morgan Stanley exec tapped to run single-family rental firm
Jonathan Pruzan, once thought to be a front-runner for CEO of Morgan Stanley, has been selected to run Pretium, a firm that owns tens of thousands of single-family rental homes
by Taylor Anderson Sep 7
How much is your home worth on Airbnb? Realtor.com can tell you
New tool comes as more homeowners look for ways to offset high housing costs, and as Airbnb looks to add more supply to keep prices down
by Taylor Anderson Sep 7
New York City's strict short-term rental law goes into effect
New York City's law limiting short-term rentals went into effect on Tuesday. To offer stays of less than 30 days, NYC hosts must stay in the unit with their guests
by Marian McPherson Sep 5
Investor activity keeps slowing down from pandemic-era highs
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports
by Taylor Anderson Aug 31
'$100K jail cell': Social media drags price point of Texas tiny homes
Is this mini-floorplan a sign of 'shrinkflation' in housing? This month, the internet weighed in on Lennar's idea of affordability at a tiny-home community in San Antonio
by Daniel Houston Aug 31
Mystery solved: The Silicon Valley entity behind Flannery Associates
Over the past 6 years, a mysterious entity known only as Flannery Associates quietly scooped up nearly $900M in farmland outside the Bay Area. Now investors behind the plan have been revealed
by Taylor Anderson Aug 30
Tens of thousands of Airbnb listings will be outlawed in NYC next week
Local Law 18, which requires short-term rental owners to register with the city, could siphon tens of millions of dollars in revenue from Airbnb when it goes into effect on Sept. 5 in New York City
by Taylor Anderson Aug 29
DelPrete: Why real estate tech platforms can't quit the agent
Opinion
The last mile of lead generation, where an agent connects with a client, is what tech can't recreate on its own, Mike DelPrete argues
by Mike DelPrete Aug 29
Share of first-time homebuyers hits highest level since 2010: Zillow
Unburdened by rate lock, the share of first-time homebuyers rose to 50% this year, according to a new report from Zillow. That's the highest share since 2010
by Taylor Anderson Aug 23
Redfin’s return to office shows unique stress for US office market
Experts expect US companies to adjust remote work policies in the coming 6-12 months as office market suffers. 'Our cultures are different around work-life balance,' said CBRE's Julie Whelan
by Taylor Anderson Aug 22
Here are the top 5 tips for landlords to retain their best renters
Happy tenants increase the chances they'll renew their leases while keeping investment properties occupied and cash flowing. Here's how to do it
by Vikas Gupta Aug 22
Real estate influencers allegedly scammed investors out of millions
A Florida-based couple running a real estate coaching and investment company is operating a scam that’s defrauding rookie investors, according to a handful of lawsuits filed in federal court
by Taylor Anderson Aug 21
Kmart down to 2 locations, including 1 in haughty Hamptons
The town of Bridgehampton, where the median home price is $3.8M, is home to 1 of just 3 remaining Kmarts. Soon it will be 1 of 2, according to reports
by Taylor Anderson Aug 18
Real estate investors believe the worst may be in the rear view
The outlook is mixed, but 'it does look like prices may have bottomed out and are on their way back up,' said CJ Patrick Company CEO Rick Sharga
by Taylor Anderson Aug 15
Better 1 step closer to long-delayed IPO with approval of SPAC merger
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August
by Taylor Anderson Aug 14
Roofstock founder: 'Take the long view' on single-family rentals
'We’re encouraging people to think beyond this point of the interest rate cycle,' Roofstock CEO Gary Beasley said at Inman Connect Las Vegas on Wednesday
by Taylor Anderson Aug 10
RentSpree CEO talks about moving out of LA over high home prices
'I want our industry to look more at the rental market not as something that's completely separate and distinct from the homebuying market,' Michael Lucarelli said at Inman Connect Las Vegas
by Taylor Anderson Aug 10
4 outside-the-box uses of AI that could change real estate
Everyone's talking about chatbots. But 3 experts at Inman Connect Las Vegas explored AI's other cutting-edge applications for agents during a panel on Wednesday
by Daniel Houston Aug 10
Realtor.com CEO: 'Zillow took that crown off us — and I want it back'
During Inman Connect on Tuesday, Damian Eales, Realtor.com's newly installed CEO, revealed the marching orders he's received from Rupert Murdoch as he aim to scale the top of the portal game
by Daniel Houston Aug 8
NYC tops list of most expensive rental markets, ousting San Jose
New York City topped San Jose as the most expensive rental market in the country, the first time the Big Apple has topped the list since Zillow began tracking the data in 2015
by Taylor Anderson Aug 8
Are real estate markets cratering? If so, where should you invest?
To read the headlines over the last year, the sky caved in on real estate markets across the country. But does the data support the narrative that home prices actually collapsed
by G. Brian Davis Aug 8
5 commandments of crowdfunding for beginning real estate investors
Crowdfunding disperses risk among a huge pool of real estate investors, and offers the possibility of unusually high returns, Clever Real Estate executive and Inman contributor Luke Babich writes
by Luke Babich Aug 8