News Corp. finalizes $210M acquisition of Opcity

News Corp. subsidiary and realtor.com operator Move Inc. has finalized the acquisition of Opcity, a real estate lead generation technology platform.

Rise and fall: How much real estate CEOs lost in the stock market slide this week

On Wednesday, the Dow Jones stock index plummeted 800 points. Here are the publicly traded real estate CEOs who took the biggest hit.

Inventory Watch: Is ‘Big Change’ on the Horizon?

The grip on inventory is loosening, with fresh listings sprouting up and the severity of the shortage starting to unwind, according to findings by realtor.com®. On an annual basis, there were 8 percent more listings on the market in September, according to data from the site, or over 465,000 new properties. The biggest boosts were […]

The post Inventory Watch: Is ‘Big Change’ on the Horizon? appeared first on RISMedia.

Coldwell Banker agent spends $50K to recreate ‘Dougie’ rap

A brokerage hired members of a hip-hop group to rap about the virtues of a newly listed 14,000-square-foot property in California’s Newport Beach.

Against Grain, Luxury Market Moves Up

Luxury prices are strengthening, with double-digit growth in 20 of the largest markets in the nation—a contrast from the housing market overall, according to the August Luxury Home Index by realtor.com®. The age of inventory in the luxury segment sped up to 121 days, the Index shows. “The conditions in the luxury segment are quite different from […]

The post Against Grain, Luxury Market Moves Up appeared first on RISMedia.

Pending home sales have fallen for eight months in a row

Pending home sales dropped 2.3 percent in August — the eighth consecutive month of annualized declines, according to the National Association of Realtors.

New residential home sales rise in August, reversing 2-month decline

New residential home sales increased 3.5 percent in August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Mortgage rates rise for 4th consecutive week

The 30-year-fixed mortgage rate averaged 4.65 percent this week, the highest since May, according to Freddie Mac’s most recent Primary Mortgage Market Survey.

Compass rolls out ‘Coming Soon’ pre-marketing blitz nationwide

A new marketing initiative by Compass that rolled out last week will allow agents to post listings days before they appear on the market.

Agents reap the spoils of new technology, not consumers

In real estate, innovations in technology have ignored the consumer. Instead, agents get clever digital marketing tools and backend applications.