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Shut up! Just focus on selling houses
As news of Redfin and eXp Realty furloughing and laying off agents and staff broke, some took to the internet to make foolish, unprofessional and even stupid comments. It needs to stop now.
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Daily Dispatch: Economist John Burns offers a realistic timeline
The hospitality industry will feel this for a very long time, the economist tells Brad Inman on his Daily Dispatch podcast.
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IRS launches tool to track stimulus check deposit
Americans can input their direct deposit information on the new web portal.
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Compass ‘can sustain a downturn for 6 months, 8 months, 9 months’
But the Compass CEO also conceded that disruption to the housing market will drive some agents and discounters out of the real estate industry.
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Mortgage rates drop to 30-year low
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey.
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Real estate giants’ COVID-19 motion fails to stop commission lawsuit
Court rules that discovery will continue amid coronavirus outbreak in suit against NAR, Realogy, Keller Williams, RE/MAX and HomeServices of America.
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Builder confidence plunges in April
Builder confidence for newly built single-family homes fell to 30 points in April, down more than half from 72 points in March.
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Banks can now delay appraisals for up to 120 days after closing
In addition to allowing lenders to delay appraisals for up to 120 days after closing, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility.
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Opendoor lays off 35% of its staff
Approximately 600 employees being laid off will reportedly get 16 weeks of benefits coverage and eight weeks of severance pay, Opendoor confirmed.
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Several US markets see uptick in new listing volume
Several of the earliest hit U.S. markets, with the exception of New York City, have seen an uptick in new listing volumes over the past week. There is a hopeful possibility that activity has "bottomed...
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Brooklyn home shatters borough sales record following $20M deal
The record-setting property is a 7,433-square-foot Brooklyn Heights penthouse with a massive terrace overlooking the Manhattan skyline.
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Compass agents anticipate post-pandemic buyer’s market in California
More than 700 Compass California real estate agents shared their concerns and market predictions for when shelter-in-place laws lift in the state.
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Banks get first grab at stimulus checks
Those checks of up to $1,200 for an individual and $500 per dependent were expected to assist landlords indirectly, enabling tenants — at least in lower-cost cities — to pay their rent.
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Want to foster communication and learning? Start a brokerage book club
As this broker has discovered, a book club is a great way to get your agents together virtually and help them grow, foster connections and discover new tools. Here's how to start one.
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10 common moving questions during COVID-19 (and how to answer them)
Moving is a stressful process, especially during a global pandemic. Here are answers to common questions your clients might have about moving safely.
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10 steps for cutting your brokerage’s budget now
No one could have foreseen the havoc this crisis would wreak on real estate, but now that we are in the thick of it, we can adjust to the situation. Here’s how to adapt and trim your budget for the...
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3 ways to up your Instagram game during quarantine
A thoughtful and targeted social media strategy during this period of social distancing will allow for maximum engagement and impact.
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Lion & Orb launches new listing marketing program for agents
PressList is designed to generate media coverage for agents' listings. The service also includes a virtual tour agents can use while in-person showings remain off limits.
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Daily Dispatch: 3 generations, 3 perspectives on these times
While some liken COVID-19 to polio, others see this crisis as a time to look inward and learn new skills.
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New housing construction dives drastically in March
Housing starts fell 22.3 percent to a seasonally adjusted rate of 1,216,000 in March, according to a new report released Thursday.
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