Mortgage lenders gearing up to use more inclusive credit scoring

Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO Score 10 T data next on deck. Continue reading

Luxury Presence CEO: AI is ‘absolutely’ here to stay

Industry leaders argued Monday that artificial intelligence will continue disrupting real estate and that leaders must learn how to harness it. Continue reading

Former Realtor.com editor declares innocence in new filing

The editor at the center of the theft of trade secrets lawsuit between portal rivals Move and CoStar Group filed a 36-page statement in support of CoStar’s expedited discovery request. Continue reading

Is luxury real estate settlement-proof? These leaders think so

Luxury homebuyers are used to paying big bucks for quality service. That’s partly why several Luxury Connect panelists in Las Vegas think the NAR settlement won’t make a huge splash in the higher price points. Continue reading

Central Park Tower’s priciest penthouse removed from market

The 17,500-square-foot triplex that once asked $250 million was heavily featured in Serhant’s new Netflix series, “Owning Manhattan.” It is unclear who will now rep the listing. Continue reading

CRMLS removes seller concession fields due to CAR forms change

California Regional MLS will continue to allow agents to indicate whether sellers will consider concessions but will no longer have the option to specify a dollar amount or percentage. Continue reading

Succeeding in luxury real estate is all about storytelling

Panelists at Inman Luxury Connect Monday argued that good marketing in the luxury segment is all about telling stories that speak to a specific type of consumer. Continue reading

New age in luxury: The rise of AI, social media and millennials

Luxury Connect panelists said that a generational wealth transfer is lifting more millennials into the luxury real estate market, and it’s already changing how luxury brokerages are working to attract clients. Continue reading

Lofty unveils LoftyWorks at ICLV

Real estate software company Lofty is putting its considerable development resources into the apartment market with the release of LoftyWorks. Continue reading