Resources

New homeowners plan to spend 40% of income on repairs: Study

Apr 3, 2024

The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equals 40 percent of the median U.S. household income ($74,580).

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

Apr 3, 2024

United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as "a sham."

Jeff Bezos adds $90M mansion to Miami property portfolio

Apr 3, 2024

The mansion marks the Amazon founder's third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability.

Opendoor will refund homesellers $62M under FTC settlement

Apr 3, 2024

The federal agency will send checks to 54,689 consumers it says were deceived by advertising and marketing claims made by the iBuyer.

Troubled WeWork projects savings of $8B through restructured leases

Apr 3, 2024

The bankrupt provider of co-working spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday.

On the cusp of capital? Doubts creep in, broker-owners tell Intel

Apr 3, 2024

Brokerage leaders told Intel their faith in improving capital conditions is still alive but weakening. What happens next remains an open question with high stakes for the real estate industry.

New commission lawsuit in New York may draw FTC attention

Apr 3, 2024

The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied.

Focus on these 5 people-first strategies to fuel your business

Apr 3, 2024

Forget high-tech tools and complex formulas for success, writes broker-owner Tania Moore. Building a satisfying real estate career comes down to these five people-centered steps.

What one word best describes agent sentiment right now? Pulse

Apr 3, 2024

We want to gauge your attitude and the feelings of your friends and colleagues, so tell us: If you had to use one word to describe agent sentiment right now, what would it be?

California legislator proposes $1.25B affordable housing bill

Apr 2, 2024

United States Representative Adam Schiff is taking another shot at solving America's housing crisis, this time through a proposal to convert government-owned buildings into affordable rental housing.

Aidium Mortgage CRM lands $19M in Series A led by PeakSpan Capital

Apr 2, 2024

Founded as Daily AI, Aidium rebranded last year to better align brands it had acquired — Whiteboard CRM and Recruitable.ai — under a single umbrella.

NAR’s settlement paints a murky commission picture for consumers

Apr 2, 2024

CEO Sean Frank writes that an unintended consequence of MLS changes following on the heels of the NAR settlement is that the dynamics of real estate transactions become less transparent to the very individuals they are meant to serve: buyers and sellers.