Compass COO Greg Hart to leave company at year end

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Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer. Continue reading →

Automating verifications lets loanDepot OK loans in minutes

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After months of beta testing, the melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance. Continue reading →

Simply Homes funded $22M to apply AI to home affordability crisis

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Simply Homes applies a more proptech-oriented approach by using an artificial intelligence-generated performance model to determine what each property will require to reach livability and in time, profitability. Continue reading →

Adam Neumann’s secretive new apartment scheme is now live

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The WeWork founder quietly scooped up $1 billion worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know. Continue reading →

Major real estate players push back against Florida’s foreign buyer ban

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Lobbying group the Real Estate Roundtable, which represents the interests of investors like Citigroup Inc., Blackstone, Related, Starwood and Wells Fargo & Co., is appealing to state legislators to amend Governor DeSantis’ new, restrictive foreign… Continue reading →

DelPrete: Unprofitability raises questions about Redfin’s viability

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According to Mike DelPrete, high debt, low cash and a lack of profitability in its business model call into question Redfin’s current trajectory and its plans for the future. Continue reading →

California homeseller who paid $50K in commissions files lawsuit

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Christina Grace, a California resident who sold her home in Marin County, filed suit Friday against NAR, Compass and Keller Williams, among others, claiming she was stuck with hefty commissions. Continue reading →

The investor on a quest to buy 250 rentals near the US’s top schools

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Sean O’Dowd and his partners are betting that they can generate healthy returns by buying single-family homes in the best school districts. So they’re buying hundreds of homes in just 21 ZIP codes. Continue reading →

Want to do more business? 5 tips for leading with kindness

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Research shows that kindness can positively impact your business. According to luxury agent Nikki Beauchamp, incorporating kindness in your professional toolkit can pay dividends, both for others and for your own satisfaction. Continue reading →

Inflation posted a modest 0.1% increase in November

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The Consumer Price Index rose 0.1 percent between October and November and was 3.1 percent higher than a year earlier, suggesting interest rates will hold steady at this week’s Federal Reserve meeting. Continue reading →