As an agent I was ‘attacked’ by the hacker OBN. Here’s what happened

Miami agent and model Kay Jenkins was targeted by the Instagram hacker OBN. She revealed to Inman how she lost $10K in the ordeal, and what other agents can do to prevent a similar attack. Continue reading

Ouster of Residential Real Estate Council president raises questions

The Residential Real Estate Council removed Pam Ruggeroli from her position for reasons the trade group will not disclose, prompting an outpouring of support for the ousted president. Continue reading

When pigs fly: A $5M California home gets rare approval from Zillow Gone Wild

Many real estate agents have come to fear an appearance on Zillow Gone Wild, a social media juggernaut that has captured the attention of millions of followers who gawk at the baffling architecture, zany landscaping and bizarre decor of Zillow’s most u… Continue reading

Their clients could buy homes. But they rent for $75K a month instead

Increasingly, wealthy would-be homebuyers are opting to rent in lieu of homeownership, choosing to cough up top dollar for $69,000-a-night Airbnbs and apartments for north of $100,000. But why? Continue reading

6 things landlords need to know before breaking a lease

A signed lease is a binding legal agreement that can’t be broken — except in the few exceptions when it can. Here are some common scenarios to watch for as a landlord or a real estate investor. Continue reading

Zillow settles shareholder lawsuit over co-marketing program

Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15 million, which was granted preliminary approval Monday Continue reading

Rocket Homes is target of ‘ongoing law enforcement investigation’

The Consumer Financial Protection Bureau launched an investigation into Rocket’s real estate brokerage arm in 2020 on eve of the company’s IPO. Three years later, the probe is ongoing. Continue reading

Cash deals hit all-time high in Manhattan as sales plummet 38%

The average sale price for a home in Manhattan fell 5 percent to $1.95 million while the median sale price fell 10 percent to $1.075 million, according to a quarterly market report by Douglas Elliman and Miller Samuel. Continue reading

John Steinbeck’s former Hamptons retreat sells for $13.5M

The Sag Harbor Partnership has purchased the “Of Mice and Men” author’s part-time abode and will transform it into a space for a writer’s residency program led by The University of Texas. Continue reading