Miami Beach formally recognizes Pacaso’s co-ownership model

Miami Beach officials passed an ordinance that approves co-ownership but requires the presence of a local property manager as well as adherence to a code of conduct, it was announced in April. Continue reading

Soaring spring home prices are very real — and widespread: NAR

For now, a seasonal surge in home activity has arrested falling prices in most U.S. markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors. Continue reading

Action! CRMLS adds video manager WellcomeMat as partner

WellcomeMat helps agents organize, publish and analyze video content performance. California Regional MLS welcomed the marketing add-on as a proptech partner. Continue reading

‘Make the pie bigger:’ New York moves on 1st hotel conversion

A struggling Hilton hotel, near John F. Kennedy International Airport, will be converted to nearly 300 affordable housing units, according to a plan unveiled last week by developer Slate Property group that was first reported by The New York Times. Continue reading

CRMLS partners with Local Logic to offer market intelligence to agents

The Local Logic tool will provide members of the California Regional Multiple Listing Service with critical demographic and economic intelligence on real estate markets around the country. Continue reading

With ‘Leo’ launch, Real Brokerage latest to integrate ChatGPT

Tech-forward real estate brokerage Real is known for its combination of in-house software development and third-party partnerships. That tactic continues with its latest integration of Open AI’s ChatGPT. Continue reading

Offerpad narrows losses despite another quarter of falling revenue

Following a dramatic Q4 in which the iBuyer posted losses of $121.1 million, Offerpad improved its net loss by 51 percent to $59.4 million in Q1 as it struggles to adapt to a shifting market. Continue reading

Troubled real estate eyed as JP Morgan takes over First Republic

Berkshire Hathaway Vice Chair Charlie Munger warned of “trouble ahead” for the U.S. commercial property market as federal regulators seized First Republic Bank early Monday morning. Continue reading

Miami Luxury agent Daniela Rendon pleads guilty to PPP fraud

To launder the funds, the U.S. Attorney’s Office says Rendon enrolled with a payroll processor to issue fraudulent checks to herself, friends and family. The agent faces up to 20 years in prison if convicted, though the government is reportedly recomme… Continue reading

Agent encounter with prowler amid digital home showing goes viral

Billings, Montana, real estate agent Alyssa Webb was taking a cellphone video of the vacant home during a tour with clients when she turned a corner and came face to face with the vagrant. Continue reading