Monthly Archives: May 2023

NAR chief economist: ‘The Fed made a mistake’

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At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading →

Airbnb posts first profitable Q1 as revenue climbs to $1.8B

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The short-term rental platform has doubled in size since the start of the pandemic as the number of rentable homes increased by 18 percent from last year, according to earnings data released Tuesday. Continue reading →

Big Purple Dot launches recruiting tool for mortgage lenders

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BPD Recruit taps CoreLogic data to let lenders see who their competitors’ most productive loan officers are, then automates the process of luring them away. Continue reading →

Miami Beach formally recognizes Pacaso’s co-ownership model

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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 →

What can landlords look for when screening tenants for a rental?

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An ineffective screening process can fail to block a potential threat to an investment property, experts told Inman. Here’s a few more screening tips landlords might want to consider. Continue reading →

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

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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 →

Outfoxed! Rupert Murdoch paid 20% over ask for Manhattan co-op

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The Fox News founder paid nearly 20 percent — or $5.2 million — above the $30 million asking price on the 6,500-square-foot Hampshire House unit he he bought in February, according to disclosures. Continue reading →

Fair housing training for agents will be mandatory under NAR proposal 

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The National Association of Realtors’ Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025. Continue reading →