CVAR Online Classes July 19 | CRMLS Training – Cloud CMA Tuesdays | Contract College (14 Tuesdays thru Sept. 21; $35 entire series) July 20 | Disclosures w/ Atty. Ed Estes July 20-22 | NCREA Commercial Prospecting July 21 | Tax-Saving Tips for Real Estate July 22 | Utilizing DST in 1031 Exchange July 22 | COVID-19 & Eviction Process – […]
Redfin CEO On Damage of Pocket Listings
by Glenn Kelman, CEO Redfin In a November 2019 fair-housing initiative, the National Association of REALTORS® (NAR) moved to ban so-called pocket listings, where real estate agents tell only a select group of buyers about a home for sale. But since then, the number of homes sold without being marketed to the public has […]
Impact of Redlining in Numbers
Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released June 11. Redlining was formally outlawed in the 1960s, but the New Deal-era lending practice is still having a lasting impact on the rate of Black homeownership and Black wealth in the United States. […]
Redfin Direct Expands
Redfin Direct, a service that lets buyers without agents make offers on homes, continued months of steady expansion this month when it launched in several massive California markets. As of last Tuesday, Redfin Direct is now available in Los Angeles, San Diego, Sacramento, Santa Barbara, the Inland Empire, and “most” of Redfin’s other California markets, […]
What Is Compass’ Endgame?
In real estate, optimizing the commission split and generating revenue by selling mortgages are what brokerages have been doing for years. Going down that path is an old, incremental game plan, which is why it’s unlikely to be Compass’ destination. Investors didn’t pump over $1 billion of venture capital into Compass to build “just another […]
Client Tip: Sell Before Move
Nationwide, vacant homes sell for $11,306 less and spend six more days on the market than comparable occupied homes, according to a Redfin analysis of homes that were listed and sold in 2018. The analysis compares the sale prices and time spent on the market for home listings that were marked ‘vacant’ at the time […]
Pro Photos Sell Property Quicker, for More Money
First impressions are everything, especially in home buying. A gorgeous exterior vs. a crummy one decides whether you walk in the front door. Inside, spotless interiors are more likely to inspire a life there than a cluttered house that’s clearly someone else’s home. And while this is where staging can play a huge role, it’s the […]
Redfin Plan Could Eliminate Buyer’s Agent
Redfin announced earlier this month that it has been testing a pilot program that allows consumers to make direct offers on Redfin-listed homes through the company’s website—an innovation that could result in less friction than traditional real estate deals while also cutting out buyers’ agents entirely. Redfin Direct, so named for a failed platform more […]
Real Estate FORWARD Now Available at CVAR.Live!
CVAR members can now see the replay of Real Estate FORWARD Micro-Conference, and listen to the leaders in California real estate share their forecasts, best practices and expectations for 2019 on CVAR.Live, the exclusive channel of Citrus Valley Association of REALTORS®. Doing Business in 2019 · Economic Forecast, from Jordan Levine, C.A.R. Senior Economist · […]
2018 Migration Trends Accelerate
As mortgage rates climb, affordability in the most expensive markets has suffered, driving more people to affordable, low-tax inland job centers. In the third quarter of 2018, people continued to move away from high-cost coastal markets like San Francisco, Los Angeles, New York and Washington, D.C., in increasing numbers. Meanwhile, more affordable areas like Sacramento, […]