RedfinNow becomes first major iBuyer to launch in Chicago

RedfinNow, the tech-powered brokerage’s iBuying service, has become the first major iBuyer to launch in Chicago, according to a company announcement released Tuesday. Sellers in the Chicago area will now have the opportunity to request a cash offer from RedfinNow, rather than going on the open market to sell their home. Redfin has been operating … Read more

Phoenix sees biggest housing shortage, NYC biggest surplus

A new report shows that cities in the South and West don’t have enough housing, while expensive metros might have too much. An ongoing competitive market has completely reshuffled the U.S. cities experiencing housing shortages, with historically affordable Phoenix now seeing the biggest shortage in the U.S. even as infamously expensive New York City enjoys … Read more

Asian American homeownership is still lagging: Report

Asian American homeownership rates lag in numerous major cities including New York, Los Angeles and Boston. A new report out Wednesday shows that while the Asian American and Pacific Islander communities have higher-than-average incomes in the U.S., both groups still lag behind the rest of the country when it comes to homeownership. The report comes … Read more

@properties to acquire referral platform Suburban Jungle

Suburban Jungle gives consumers personalized information to help identify which suburban community will best suit them as they move out of a big city. Fast-growing Chicago-based brokerage @properties revealed Tuesday that it has acquired Suburban Jungle, a company that helps consumers choose communities and promises high-quality leads to agents. Suburban Jungle described itself in a … Read more

App-based brokerage Torii closes on more funding, launches LA operations

Technology-driven real estate brokerage Torii has closed on $3.2 million in seed funding and began operating in Los Angeles, its third market behind Boston and San Francisco. Lookout founder Kevin Mahaffey’s SNR contributed, as did crypto-hedge fund founder Dan Matuszewski’s CMS Holdings and Jason Calacanis’ LAUNCH. This is in addition to a successful $1.4 million pre-seed … Read more

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