Search Results for: Redfin
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INDUSTRY NEWS
Redfin joins the AI race – launches chat-based search plugin
The AI race is well and truly on in the US with real estate brokerage Redfin launching a ChatGPT plugin just days after Zillow did the same.
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INDUSTRY NEWS
US brokerage Redfin announce plans to raise up to $239 million for technology and acquisitions
Online-centric brokerage Redfin has announced a plan to raise up to US$239 million (AU$322 million) through a combined stock and debt offering. The funding will take place in In two separate offerings; initially through selling 4.025 million shares of stock at a price of $23.69, totaling $95,332,125, before selling $143.75 million in “convertible senior notes,” which can later be converted…
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Celebrity Homes
K-pop star buys US$4 million Beverly Hills home
In a notable real estate transaction in the Beverly Hills Post Office area, K-pop icon Lalisa 'Lisa' Manoban has acquired a newly renovated Spanish Mediterranean-style residence for just under US$4 million.
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NEWS
3 strategies Ekland Gomes used to sell $3.77 billion in property
Last year was a challenging one for many agents in the US real estate market.
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Celebrity Homes
Top celebrity home sales for 2023 exceed expectations
In 2023, real estate markets across the globe saw an array of high-profile celebrity home sales, each reflecting the unique style and stature of its famous owner.
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INDUSTRY NEWS
More high-profile departures from NAR after US commission case
National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement following the CEO's exit, as the fallout continues after a federal jury ruled the NAR and two major real estate companies had conspired to inflate buyers’ agent commissions.
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INDUSTRY NEWS
NAR boss Bob Goldberg announces early retirement
Embattled National Association of Realtors Chief Executive Officer Bob Goldberg has brought forward his retirement.
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INTERNATIONAL
New brokerages sued after jury rules against agencies in antitrust commissions case
Just minutes after a federal jury ruled the National Association of Realtors and two major real estate companies had conspired to inflate buyers' agent commissions, the plaintiffs attorney filed another class-action lawsuit against NAR and new residential brokerages.
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INDUSTRY NEWS
3 things you need to know about the US buyer-agent commissions trial
Week one of the Sitzer/Burnett class action lawsuit has drawn to a close, in a case that has the potential to shake up the industry and change the way US agents get paid.
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INDUSTRY NEWS
OpenAI’s ChatGPT Plus revolutionises user experience with 70+ powerful plugins
OpenAI has unleashed a suite of more than 70 third-party plugins for its ChatGPT Plus users to visualise and analyse data, parse website content, ask PDFs questions, help them househunt and even assist them to learn foreign languages.
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INTERNATIONAL
US market down $2.3 trillion since peak
New figures from Redfin show the US housing market has lost 4.9 per cent, or US$2.3 trillion, in value since its peak in June.
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NEWS
iBuying platforms falling like dominoes
It hasn’t been a good start to November if you’re an iBuying platform, with Redfin closing its house-flipping business and sacking 13 per cent of its team as the brokerage deals with the downturn in the US property market.
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INTERNATIONAL
Jonah Hill pays $15 million for second Malibu home
Moneyball star Jonah Hill is growing his portfolio of Malibu homes, shelling out US$15.5 million for a beachside estate with picturesque ocean views.
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Celebrity Homes
Kristen Stewart sells Malibu getaway for $8.3 million
Twilight star Kristen Stewart is looking to downsize her hefty property portfolio starting with the sale of her Malibu getaway for US$8.3 million.
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Celebrity Homes
Ryan Serhant is expanding to South Florida with a $100 million listing
New York’s powerhouse real estate agent Ryan Serhant is expanding into South Florida with his first listing, priced at US$100 million.
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Celebrity Homes
NBA’s Ben Simmons looking to flip his Hidden Hills mansion
Fresh from a trade from the Philadelphia 76ers to the Brooklyn Nets, Aussie NBA star Ben Simmons is now looking to offload his Hidden Hills Mansion in LA for US$23 Million.
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Celebrity Homes
Cameron Diaz and Benji Madden pick up Montecito mansion
Retired movie star Cameron Diaz and her rocker husband Benji Madden have splashed out US$12.67 million for a Montecito mansion adding to their already impressive property portfolio.
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Celebrity Homes
The Big Bang Theory star Simon Helberg lists his Los Feliz home
Star of the Big Band Theory, Simon Helberg, has listed his Los Feliz home for US$9.875 million.
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Celebrity Homes
Katherine McPhee lists renovated Hollywood home
Singer-songwriter and actress Katherine McPhee best known for her stint on American Idol is selling her Hollywood home for US$2.695 million.
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Celebrity Homes
Drake lists his Hidden Hills estate
Recording artist Drake has put the trio of homes that comprise his Hidden Hills estate on the market for more than $US20 million.
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Celebrity Homes
Actor Matthew Morrison lands a buyer for his Hollywood Hills home
Glee star Matthew Morrison has tripled his money after securing a buyer for his renovated Hollywood Hills home.
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INDUSTRY NEWS
Aussie iBuyer continues to grow as Zillow Offers exits US
A leading Australian iBuyer isn’t concerned about its position in the market despite Zillow calling it quits on its US homebuying business.
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Celebrity Homes
Kurt Cobain’s daughter sells Hollywood home for small profit
The daughter of late music icon Kurt Cobain has sold her vintage Hollywood Hills villa for a modest profit less than two years after purchasing the property.
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Celebrity Homes
David Spade sells Beverley Hills mansion
American actor and stand-up comedian, David Spade, has listed his Beverley Hills home for US$16 million more than he paid for it two decades ago.
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Celebrity Homes
Inside #FreeBritney: Britney Spears’ impressive real estate portfolio
Britney Spears’ name has been plastered on headlines in recent weeks, courtesy of the #FreeBritney movement after she spoke out against the 13-year conservatorship that gave her father James control of her wealth. Britney Spears’ father James had previously been in control of her US$50 million fortune, earned thanks to mega-hits like Baby One More Time, Toxic and Oops! ……
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NEWS
Two-thirds of US homebuyers purchasing properties sight unseen, according to survey
More Australian homebuyers have been purchasing properties without making physical inspections over the past year and buying sight unseen is something that has become even more prevalent in the US since the onset of COVID-19.
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NEWS
Alexa, find me a realtor (and help me move in)
Amazon.com made a move into the real estate business announcing a partnership called Turnkey with US Real Estate Group Realogy (NYSE: RLGY). The collaboration is intended to seamlessly connect consumers wishing to buy a home with making it home. The program hand matches a real estate agent from one of the Realogy Brands to buy…
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INDUSTRY NEWS
US-based brokerage Compass to acquire Pacific Union International Realty
A plan has been announced for US-based brokerage Compass to acquire Pacific Union International Realty, one of the largest brokerages on the West Coast. Pacific Union made $14 billion in sales in the last year and is the fifth-largest brokerage in the US, with 1,700 agents across 54 offices. Pacific Union CEO Mark McLaughlin has been critical of Compass in…
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SUPPLIER NEWS
Compass announces it will license technology to other networks
US-based real estate brokerage Compass has announced it will begin licensing its technology to other firms. The company, which has been going through a strong round of acquisitions since receiving US$450m in funding in 2017, announced its first licensing deal last week, with Leading Edge Real Estate Group. The move will add another income stream to the growing brokerage, which…
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INDUSTRY NEWS
Disruptors amongst top US brokerage firms
Real estate disruptors are gaining traction in the US, with innovative players like Redfin and Compass both named in the top 10 brokerage firms in terms of sales. According to the recently released inaugural Swanepoel Mega 1000 list, which ranks US brokerages, Redfin came in at fourth position with $22.5 billion in sales last year, while Compass took out ninth position…
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Elite Agent
Future Tech Horizons – Challenge or Opportunity?
First a prediction: New technologies will add another dimension to property transactions, but the central role of the agent won’t be replaced, says venture capitalist Peter Esho of what he thinks the next decade of real estate will bring. Mr Esho is CEO of Sydney-based private investment firm Esho Ventures, which invests into businesses that may be the next generation…
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