Real estate investor scoops up land in virtual world for nearly $1M

Republic Realm bought 259 units of land in Decentraland, a crypto-based virtual world. At the time it was purchased, it was worth $913,228. A plot of land sold in the virtual world of Decentraland for just under $1 million, Reuters reported.  Founded in 2017, Decentraland is a multiplayer, crypto-based virtual world. Most of the things … Read more

How an Oregon agent helped her client win a 20-offer bidding war

Bidding wars have become a common occurrence in markets across the country, fueled by low supply and high demand.  Redfin reported that 70.4 percent of home offers written by their agents faced bidding wars in May. That’s seven out of 10 buyers.  So how can agents better position their buyers to win? Broker Sarah Renard, … Read more

Will people buy homes sight unseen in a post-pandemic market?

At Inman Connect, realtors Cara Ameer and Gary Gold weighed in on whether they think virtual tours will continue to be enough for homebuyers. We’ve got a full slate of digital and in-real-life events coming up for the best community in real estate. Join us in person in October at Inman Connect Las Vegas and Luxury Connect, and stay … Read more

Root cause of inventory crisis dates back more than a decade: NAR

The US has been underbuilding for more than a decade, according to a new analysis by the National Association of Realtors. Without a solution, homeownership will become more difficult to obtain. The historic inventory crisis is the product of a perfect storm, and the finger points all the way back to the years following the … Read more

Compass shows up in Missouri with offices in Kansas City, St. Louis

Compass has launched its first markets in Missouri with 40 agents across Kansas City and St. Louis. This is Compass’ eighth new market since its IPO. Compass has made its way to the Show-Me State with market launches in Kansas City and St. Louis, according to a company announcement on Tuesday. Compass will enter Missouri … Read more

Compass attempts to recruit owner of large Beverly Hills brokerage

A Beverly Hills-based Compass recruiter attempted to recruit Normand & Associates President Michael Nourmand as an agent. Compass is apparently making its latest push to dominate the Los Angeles real estate market, according to a report published by The Real Deal Los Angeles on Monday. Nourmand and Associates President Michael Nourmand said a Compass recruiter recently contacted … Read more

SoftBank-backed construction startup shutters US operations

Following a final $200 million investment from SoftBank, Katerra is closing after years of financial mismanagement and rising construction costs. After six years and more than $2 billion in funding, multifamily construction company Katerra is shutting down its U.S. operations. First reported by The Information on Tuesday, the SoftBank-backed company long struggled with financial management, which was … Read more

Tribus debuts mobile app to augment lead follow-up, in-house communication

Real estate technology company Tribus has released a new mobile app for Android and iPhone to help agents communicate with leads and manage business. Real estate technology company Tribus has launched a fully featured mobile application to augment its browser-based deliverables for large and medium-sized brokerages. The announcement was made in an press release exclusive … Read more

Feeling overwhelmed? 12 systems to automate your business growth

Join us for Inman Connect Oct. 26-28, 2021 in Las Vegas at the Aria Resort for a 3-day exploration and celebration of the glorious, complicated, rapidly evolving real estate marketplace. It’s where ideas are nurtured, tribes are found, and careers are built. It’s the place to be this fall — under real estate’s big tent … Read more

Home efficiency startup Pearl Certification raises $9.5M

Pearl Certification evaluates the energy efficiency of new and existing homes. The startup will use the funding to expand its services and market reach. Home efficiency startup Pearl Certification has raised $9.5 million in Series A funding, according to an announcement Thursday. Clean Energy Ventures led the funding round with contributions from Keller Enterprises, the … Read more

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