Baby boomers own 1/4 of all large homes in the US. They aren’t selling

Fifty-four percent of boomers who own their homes said they planned to live in them until they die, according to a new survey by Clever Real Estate. Continue reading

Bezos got a bargain. Now the homeseller’s suing Douglas Elliman

After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal. Continue reading

8 tips for optimizing opportunity at your next open house

In the new normal, open houses have once again become one of the most valuable lead sources available, team leader Carl Medford writes. Here’s how to run one the right way and make the most of the opportunity it presents. Continue reading

UK portal Rightmove rejects bid from Rupert Murdoch’s REA Group

UK portal Rightmove’s board of directors has unanimously rejected News Corp subsidiary REA Group’s $7.32 billion acquisition bid, saying it “fundamentally undervalues” the company’s current and future prospects. Continue reading

4 soft skills to focus on post-NAR settlement rule changes

These soft skills have never been more critical in light of the National Association of Realtors’ commission suit settlement and subsequent rule changes, OJO Labs CEO Chris Heller writes. Continue reading

7 tips for staying motivated no matter what happens in the market

If you want to tune out the noise, focus on your growth, ensure you have accomplished something at the end of the year, and learn to feel successful no matter what the market does, team leader Jen Berbas writes. Continue reading

Polly hiring after landing $25M in new equity funding led by 8VC

New funding will allow Polly’s product and engineering teams “to double down on new product innovation,” including a new AI platform that was in closed beta testing with a number of the nation’s largest mortgage lenders in May. Continue reading

NYC favors life-science workspaces over affordable housing

The growing need for affordable housing has generated interest in utilizing NYC’s Kips Bay site for residential development, but the Adams administration has declared the plan unviable. Continue reading

Computer vision firm Restb.ai hits 720K agents across US, Canada

Barcelona-based computer vision software firm Restb.ai expanded its reach to 17 new multiple listing services in New York, Rhode Island, the Carolinas, Tennessee, Florida, Alabama, Minnesota, Kansas, Oklahoma, Texas, Colorado, Arizona, California, and … Continue reading

Mortgage industry vet Diana Reid is first woman to lead Freddie Mac

With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae’s CEO since 2022, both mortgage giants are now led by women for the first time in history. Continue reading