A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states.
Category: california
Will dual agency become common after NAR’s settlement?
Some believe more buyers will come to the table without agents. That could lead to fertile breeding grounds for the polarizing practice sometimes known as “double ending.”
What Would Jesus Do? Tackle the Housing Crisis, Say Some Congregations.
The “Yes in God’s Backyard” movement to build affordable housing on faith organizations’ properties is gaining steam in California and elsewhere.
Side CEO urges agents to reject negativity, lean into community
Guy Gal spoke out last week about the challenges of 2023 and the way agents can avoid falling prey to negativity even during tough times.
First Team Real Estate’s new CEO has a ‘billion dollar’ goal for 2024
Ahead of Inman Connect New York this week, newly installed First Team Real Estate CEO Michele Harrington dishes on ambitious plans for 2024 and what she’ll be talking about at ICNY on Tuesday.
California Has Dealt a Blow to Renewable Energy, Some Businesses Say
Some companies are leaving the state or reducing their presence there after California greatly reduced incentives for homeowners to install rooftop solar panels.
New lawsuit accuses eXp of ignoring agent sexual assault
The suit accuses now-former eXp agents of sexually assaulting a woman and claims eXp failed to stop the “abhorrent behavior.” It follows a similar case that began in February.
SAG-AFTRA and Hollywood Studios Agree to Deal to End Actors’ Strike
The agreement all but ends one of the longest labor crises in the history of the entertainment industry. Union members still have to approve the deal.
Redfin eliminates salaries, pivots to commission model in LA and SF
Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program.
Los Angeles apartment owners sue over COVID rent freeze
The suit from the Apartment Association of Greater Los Angeles argues that the city’s rent freeze rule robs property owners of income and due process.