BHGRE adds a record-breaking 14 new affiliates in 2021

Better Homes and Gardens Real Estate added a record number of new affiliates during the first half of 2021. The brand strengthened its presence in California and opened its first office in Alaska. Better Homes and Gardens Real Estate’s green thumb has yielded an impressive crop of new affiliates. The lifestyle-focused brokerage added a record-breaking … Read more

Meet the 2 agents on California’s gubernatorial recall election ballot

California is on the cusp of a historic moment. The Golden State is preparing for its second-ever gubernatorial recall election in the state’s history, in which voters will decide whether or not Governor Gavin Newsom (D) should be recalled from office, and if so, who should replace him. 2003 was the only other year in … Read more

Summer is the season for rental scams, Better Business Bureau says

Renters face the greatest financial losses due to scams during summer months, as peak moving season arrives and the rental scammers emerge. With better weather and more homes on the market, summer is peak moving season for most homeowners and renters. But, because so many do move during summer months, it’s also a time of … Read more

Los Angeles team jumps from Compass to rival The Agency

In the latest salvo of an intensifying rivalry between brokerages, a prominent team in Los Angeles is leaving Compass and forming a new team inside of competitor The Agency, the latter brokerage announced Monday. Adam Rosenfeld The team departing Compass includes leader Adam Rosenfeld, as well as his eight agents. A statement Monday from The … Read more

Percentage of all-cash home purchases in US soars to 30%

All-cash home purchases skyrocketed to make up nearly one-third of all home purchases thus far in 2021, according to data from tech-powered brokerage Redfin. That figure represents the largest share of homes purchased in all-cash since 2014, and is up 25.3 percent from the number of all-cash purchases made during all of 2020. For this … Read more

EXp, Kind Lending team up to launch new mortgage platform

EXp World holdings announced Thursday that it has teamed up with mortgage provider Kind Lending to launch a new borrowing platform for consumers. The new platform is called SUCCESS Lending, placing it under the brand umbrella of SUCCESS Enterprises, a 124-year-old company that eXp acquired last fall. According to a statement from the two companies, … 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

Side readies for IPO, more than doubles valuation

The San Francisco-based startup now says it’s worth $2.5 billion — way up from $1 billion just three months ago. Just three months after achieving unicorn status, real estate technology startup Side revealed Monday it has more than doubled its most recent valuation and that it’s getting ready to go public. The company’s soaring fortunes … Read more

Returns, resignations, recruiting: Emerging issues teams face

This June, Inman’s editorial theme is Teams — we’re going to go deep on what it takes to grow your team amid this intense seller’s market. And if you’re not already a subscriber to our Teams Beat email newsletter, sent every Thursday, sign up now. June 15 marked the day California went back to business … Read more

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