3D tour giant Matterport makes its stock market debut

The company will begin selling shares via a SPAC merger at a moment when interest in 3D tours is surging — and when more competitors are inching onto Matterport’s turf. After months of waiting, 3D tour company Matterport is set to make its public debut on the stock market this morning, marking the latest example … Read more

Median existing-home price sails to record high

The median existing-home sales price rose 23.4% year over year, propelling the median price to $363,300, the highest on record, according to the National Association of Realtors. After four months of dips, existing-home sales are once again on the increase, rising 1.4 percent to a seasonally adjusted annual rate of 5.86 million homes in June … Read more

Toronto iBuyer raises $44M with help from Spencer Rascoff, Eric Wu

Properly is a tech-based real estate brokerage in Canada with a model similar to U.S. iBuyers like Opendoor and Zillow Offers. The tech-based Toronto startup, Properly, has raised $44 million in a Series B funding round, the company announced on Wednesday.  The round was led by Bain Capital Ventures with participants including the co-founder and … Read more

Zillow, NAR formed ‘group boycott’ to enforce commission rule: REX

Discount brokerage REX Real Estate hit back at attempts by the National Association of Realtors and Zillow to have its antitrust suit tossed, alleging that the two real estate giants have formed a “group boycott” to enforce a controversial NAR commission rule. REX sued Zillow and NAR in March, alleging antitrust violations for a NAR rule … Read more

Tennessee mansion comes with a hidden ‘Game of Thrones’ theater

While a $799,000 house in Tennessee may look like your average high-end listing, a closer look at the photos will reveal a whole other world — more specifically, a basement made to look like Westeros. The owners took one room in the spacious home and used it to recreate the fictional continent from the popular … Read more

Color me bad: The wrong shade of paint can cost sellers big bucks

Homebuyers have always tended to favor neutral tones in shared spaces, but some colors stand above the rest, Zillow found in a new survey. Homebuyers tend to sour on homes that feature strident wall colors, but neutral tones are more likely to help sweeten the deal depending on the room, according to a new survey … Read more

StreetEasy arms renters to fight housing voucher discrimination

New pop-up informs renters that it’s illegal to discriminate by legal source of income in New York and New Jersey. A new feature on New York City-based real estate listing site StreetEasy is arming renters with housing vouchers with information about their rights. Although federal law does not prohibit landlords from rejecting housing vouchers such … Read more

Dotloop inks new deals with 4 agent associations

More than 100,000 real estate agents across the U.S. and Canada should now be able to streamline their transactions thanks to new deals that tech firm dotloop has signed with four different agent associations. The most comprehensive of the new deals includes an agreement to give members of the Mississauga Real Estate Board (MREB) access … Read more

Signs of seasonal inventory growth return in strained housing market

The number of homes for sale rose in June for the second consecutive month but remained far from a full recovery to pre-pandemic levels. More traditional seasonal growth may be taking hold again in America’s housing inventory, but full recovery remains a distant prospect in this depleted market. The number of homes for sale rose … Read more

Weichert Realtors launches end-to-end consumer incentive program

New Jersey-based Weichert Realtors on Wednesday announced a new program that will give consumers a suite of incentives when they use all of the company’s services during their homebuying journey. Weichert is calling the new program “We Do It All, Guaranteed!” The program is part of an existing offering called “All Under One Roof” that … Read more

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