Agents reap the spoils of new technology, not consumers

In real estate, innovations in technology have ignored the consumer. Instead, agents get clever digital marketing tools and backend applications. Continue reading

Redfin CEO Glenn Kelman: There’s too much money in real estate

Glenn Kelman, Redfin’s CEO and president took the helm of the real estate brokerage 13 years ago, this month. He talks to Inman about the ups and downs. Continue reading

Hurricane Florence is aimed at $1 trillion worth of real estate

As has been the case in recent catastrophic hurricane events, most recently Hurricane Harvey’s 2017 landfall in Houston, most of the fear is rooted in the impact of flooding, a result of hours of prolonged downpours swelling rural and municipal bodies … Continue reading

Zillow gets into the leads referral business

The new pilot program, which launches in Florida under Premier Broker, will allow brokerages to generate leads with no upfront costs. Continue reading

Opendoor announces game-changing brokerage acquisition

The well-funded San Francisco startup is buying the discount brokerage Open Listings, giving it real estate agents and a powerful new tech platform Continue reading

Zillow Offers officially launches in Atlanta

Zillow Offers is launching Monday in Atlanta. It’s the third market for the neophyte direct-to-consumer home buying and selling program, which launched in Phoenix back in April of this year. Continue reading

Affording a home mortgage hasn’t been this difficult since 2009

And though still well below the historical average of 21.2 percent, the income-to-mortgage ratio has not been this high since 2009, in the wake of the financial crisis (leading up to it, the income-to-mortgage ratio spiked past 20 percent). Continue reading

Keller Williams acquires app company SmarterAgent to compete with Zillow, Redfin

Keller William’s decision to acquire SmarterAgent was a defensive move against tech distributors in the industry, Team said. Founded a decade ago by brothers Brad and Eric Blumberg in Philadelphia, SmarterAgent hands Keller Williams a team of 31 mobile… Continue reading