Resources

Fed expected to be cautious in cutting rates next week

Sep 11, 2024

A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut when they meet next week.

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

Sep 11, 2024

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.

8 tips for optimizing opportunity at your next open house

Sep 11, 2024

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.

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

Sep 11, 2024

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.

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

Sep 11, 2024

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.

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

Sep 11, 2024

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.

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

Sep 11, 2024

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.

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

Sep 10, 2024

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.

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

Sep 10, 2024

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 British Columbia during the first half of the year, growing its reach to more than 720,000 MLS members across the U.S. and Canada.

NYC favors life-science workspaces over affordable housing

Sep 10, 2024

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.

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

Sep 10, 2024

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.

The late James Earl Jones planted deep roots in the Hudson Valley

Sep 10, 2024

Around the time that Jones landed his first hit film role in "The Great White Hope," he visited the Hudson Valley with a friend and fell in love with the small town of Pawling.