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Opendoor launches… a brokerage?

Housing Wire

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. Home Reserve , launched in May, enables Opendoor to list sellers’ homes while purchasing and reserving their next home with all-cash offers. ” The post Opendoor launches… a brokerage?

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Bidding wars – the scourge of buyers – slowed in August

Housing Wire

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. In 2018-2019, total housing inventory was in the range between 1.52

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Howard Hanna acquires New York brokerage Rand Realty

Housing Wire

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The post Howard Hanna acquires New York brokerage Rand Realty appeared first on HousingWire.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

My name is (your name), and I’m a licensed real estate professional with (your brokerage). For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage). We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area.

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Key housing markets are starting to buck national trends: Redfin

Housing Wire

The national real estate brokerage found that the nationwide median sale price reached $420,357 in March 2024. My advice to sellers is to price your home fairly,” Chen Zhao, economic research lead at Redfin, said in a statement. from 2018 to 2023. Even as the median U.S.

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Christy Budnick out, Gino Blefari in as HomeServices undergoes C-suite changes

Housing Wire

I am so proud of our network and the professionals that work tirelessly to guide buyers and sellers on their home selling and buying journeys.” ” According to a spokesperson at HomeServices of America, Budnick has no immediate plans for her next steps or role.

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Redfin faces lawsuit claiming it favors white neighborhoods

Housing Wire

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. Looking at 10 metro areas and the services Redfin offered, the lawsuit found the following.

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