Tag Archives: Industry News

REX pivots to single-family rental market as its Hail Mary

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Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel. Continue reading →

Keller Williams to open new Caribbean franchise

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The new franchise will operate in Bonaire, an island off the coast of Venezula. The expansion comes at a time when international growth represents a major bright spot for Keller Williams. Continue reading →

Lone bidder purchases infamous Surfside condo site for $120M

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Dubai-based luxury developer Hussain Sajwani has purchased the former site of the Champlain Towers South condominium for $120 million, according to The Miami Herald on Saturday. Sajwani was the only bidder for the oceanfront acreage where 98 residents … Continue reading →

Zillow, Opendoor and Compass debut on the Fortune 500

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The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries. Continue reading →

Google searches for ‘housing bubble’ have been spiking since March

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Google Trends experienced a spike in searches for the term “housing bubble” earlier this spring, and it hasn’t fully returned to normal levels, hinting that the topic is at least on a lot of minds. Continue reading →

Skyrocketing home prices diminish rental returns: Report

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The report found that three-quarters of counties where median home prices exceeded $250,000 saw declines in rental yields. Continue reading →

Lower partners with Orchard to offer Power Buyer services

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As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading →

Insurance agency says REX is still operating, praises tech

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PIUS CEO tells Inman the company is operating ‘on a smaller scale,’ but a former REX agent says those operations no longer include handling real estate transactions. Continue reading →