Side restructures, wants staffers based in the markets they serve

The company, which supports real estate professionals who want their own brand, plans to have its staff members work in the markets where its partners are based. Continue reading

San Diego Homes & Estates pivots into 200-agent mega-team at eXp

Founded in 2004 and averaging $1.5 billion in sales, the former Windermere Homes & Estates franchisee is hanging a shingle with eXp Realty, broker-owner Rich Johnson announced on Monday. Continue reading

Inventory struggle is real, leaders declare in exclusive Inman survey

Leaders and agents who took Inman’s first Intel leadership survey said inventory is among their biggest challenges right now — but growing in 2023 isn’t out of the question. Continue reading

The Agency launches new market in La Jolla, San Diego

Located in La Jolla, the office marks the company’s 63rd location overall and 21st office in the state of California. Continue reading

Luxury home sales plunge to 10-year low, surpassing COVID levels

Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading

Falling list prices hit pandemic hot spots hardest, new Redfin study says

Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts. Continue reading

Joan Didion, architect of the California myth, dead at 87

Didion’s writing helped make California seem both alluring and dangerous — which continues to drive demand for life in the state today. Continue reading

Small, outdoor-friendly rental markets thrived in 2021: RentCafe

As would-be homebuyers opted out of the for-sale market due to harsh market conditions in 2021, renters turned to alternative markets with space and access to nature, a recent year-end study from RentCafe found. Continue reading

Opendoor in 2022: As the king of the iBuyers grows, so does its risk

Opendoor faces an array of challenges from other companies and sectors as it aims to hold its position as the biggest and most successful iBuyer in the world. Continue reading

The best US cities for rental arbitrage in 2021

Rental arbitrage is when an individual rents a property long-term and then rents it out to someone else short-term. A new report found that less densely packed coastal destination markets are prime locations for arbitrage in 2021. Continue reading