Coldwell Banker brokerages merge to become 6th largest US affiliate

Kansas-based Coldwell Banker Plaza will merge with Oklahoma-based Coldwell Banker Select. Combined, the two brokerages closed approximately $2.5 billion in sales in 2021. Continue reading

Modern-day redlining is killing Black neighborhoods: HUD Secretary

Lending practices are killing Black neighborhoods across the country by making it so that only investors can afford to buy in them, HUD Secretary Marcia Fudge said. Continue reading

Compass co-founding agent in Bay Area jumps to Christie’s Sereno

Phil Chen, a founding member of Compass’s Mid Peninsula office, has joined Christie’s International Real Estate Sereno in Burlingame in San Mateo County. Continue reading

Crypto executive spends $18.9M on Brooklyn Heights townhouse

Coinbase executive Joseph Lallouz and his wife Chloe Thevenoz paid $18.9M for the five-story brownstone and a separate carriage house in the ‘beacon of hope,’ reports say. Continue reading

Jeff Bezos’ ex-wife, MacKenzie Scott, donates mansions to charity

MacKenzie Scott, a novelist, received sole ownership of the two homes following her divorce from Bezos in 2019 after 25 years of marriage. The donation was announced by the California Community Foundation . Continue reading

Compass marketing leader in Colorado jumps to Sotheby’s

Megan Maynard, who served as Compass’s marketing director for Colorado, Missouri and Utah, has joined the executive team at LIV Sotheby’s International Realty in Colorado as the senior vice president of marketing. Continue reading

Lamacchia Realty gets serious about commitment: No more ‘slackers’

With the housing market in a measurable slowdown, the brokerage feels it necessary to shift strategies. “We want people who are serious about doing well in the real estate business.” Continue reading

The average US home is now selling below its list price, Redfin says

The average list-to-sale ratio clocked in under 100 percent for the first time since March 2021 in August, according to new data released Thursday by Redfin. Continue reading

Compass Houston’s founding agent jumps to Sotheby’s

Bryan Beene is jumping ship to Martha Turner Sotheby’s, leaving the office he founded in 2019 behind as the now public company reaches a critical juncture, a report says. Continue reading

Millennial and Gen Z renters are getting walloped by inflation: Study

Gen Z and millennial renters who took on a new lease in July have personal inflation rates of 11.6 percent year over year, according to a new analysis by Redfin released Thursday. Continue reading