$1M neighborhoods on the rise in coastal metros: Zillow

Since 2014, the U.S. has gained 346 new $1 million neighborhoods, which can be a good thing — or a not-so-good thing, depending on how you look at it. According to Zillow, nearly one in 20 residential ZIP codes fall into this category because 10 percent of the homes in the area are worth $1 million or more …

What do buyers want more — a bigger house or a bigger yard?

Smaller homes with more outdoor space seem to be all the rage lately as homebuyers are abandoning the motto “bigger is better” when it comes to square footage. According to a consumer survey by Wakefield Research commissioned by residential constructio…

July housing starts take turn for the worse

June’s housing starts report was heralded as “welcome news” by National Association of Realtors (NAR) Chief Economist Lawrence Yun, who said increasing residential construction was the key to lowering home prices. This month, however, housing starts ha…

Home prices hit new peak in ‘extremely competitive buying season’

The housing market saw a series of ups and downs in Q2 2017, the majority of which were largely driven by low inventory unable to meet the demand of would-be buyers. This imbalance drove home prices to rise 6.2 percent, easily eclipsing the previous Q3…

NAR warns of text message scam

The National Association of Realtors (NAR) has released a warning about a text message scam that asks members to pay a fine or sales tax on a prize. …

3 ways machine learning will improve your marketing

SAN FRANCISCO — “I’m not from the future, I’m just from Google,” said Dan Siegler to a laughing Inman Connect crowd. “I can just tell you where we’re placing our bets.” So, what exactly is Siegler, the head of industry, automotive and real estate at Google, putting his bets on? Machine learning. Siegler said from the beginning of time until 2003, humankind produced approximately 5 exabytes of data. Now, we produce almost 5 exabytes of data per day …

4 tips for succeeding in real estate without overextending yourself

SAN FRANCISCO — Kofi Nartey said real estate is like a seven-layer dip — “When you start getting down to the beans and cheese, that’s when s**t starts getting good.” …

Experience explosive business growth in 5 small steps

SAN FRANCISCO — In less than 10 years, Kymber Menkiti and her husband have opened seven Keller Williams offices, consistently done more than $1 billion in sales each year and have invested more than $150 million in their Northeast D.C. community.   …

You don’t need to advertise a good party

SAN FRANCISCO — Usually, only one of two things happens to an ugly T-shirt — it ends up in the trash or in the depths of a drawer never to be seen again. But for CloseSimple founder Bill Svoboda, an ugly T-shirt inspired him to create a 15-year busin…

The Braveheart approach: risking it all in business

SAN FRANCISCO — For David Smith, real estate is simple — “[It’s] people over property,” he said to the crowd of eager listeners at Inman Connect …