KW iBuyer ‘probably’ coming in Q2, Gary Keller confirms

Keller Williams will “probably” launch its own iBuyer program in the second quarter of 2019, Gary Keller confirmed during a multihour presentation of the company’s 2019 technology plans on Friday, Jan. 11. In audio obtained by Inman, Keller said the fr…

Microsoft is putting up $500M to help affordability crisis in Seattle

Microsoft announced Wednesday a plan to invest $500 million in affordable housing solutions for Seattle and the Puget Sound area in Washington, to alleviate the stress tech job growth is putting on the housing market.

400,000 fewer young people are buying homes due to student debt

The rise in student debt — which more than doubled from 2005 to 2014 — has resulted in hundreds of thousands of fewer young people owning a home, according to a new study from the Federal Reserve.

READ: Ex-Keller Williams CEO John Davis’ open letter

Former Keller Williams CEO John Davis insisted in an open letter to Inman that he resigned from the real estate franchise last week and was not fired.

Zillow will buy and sell homes in 5 more cities

Zillow Offers, the direct-to-consumer homebuying and selling platform, is coming to Miami, Minneapolis, Nashville, Orlando and Portland.

Another big management shuffle: Now it’s HomeServices

The former founder of Intero Real Estate Services is moving to a new role at the top of HomeServices of America. Gino Blefari, currently the CEO of HSF Affiliates — the subsidiary that operates the Berkshire Hathaway HomeServices and Real Living franchise networks — was appointed today as CEO of HomeServices of America by Executive Chairman Ron Peltier.

Builder confidence rises due to falling mortgage rates

Builder confidence for newly built single-family homes is rising due to falling mortgages, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The HMI rose 2 points in January to 58 on an index that grades any score above 50 as builders viewing conditions more good than poor. Last month, the HMI hit a three-year low. 

Government raises fines for RESPA violations

The Consumer Financial Protection Bureau (CFPB) is raising the price of its fines to adjust for inflation, including penalties for violations of the Real Estate Settlement Procedures Act (RESPA). The new fine amounts became law when they were entered into the Federal Register on Jan. 12. 

WeWork CEO made millions leasing buildings to WeWork

WeWork CEO Adam Neumann allegedly made millions by leasing buildings he owns a stake in to the very company he serves as chief executive officer.

Reminder: The deadline to file your 1099-MISC forms is Jan. 31

The deadline for employers to report payments to contract workers on form 1099-MISC along with W-2 and W-3 forms is Jan. 31.