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President-elect Donald Trump’s plan to deport millions of undocumented immigrants could threaten one of the few bright spots in housing over the last few years: new home construction. Mass deportations would hit homebuilders and others in the construction sector with labor shortages, as a recent Redfin report found that immigrants make up about 30% of the construction labor force, with nearly half undocumented. Gary Acosta, co-founder and CEO of the National Association of Hispanic Real Estate Professionals (NAHREP) sees difficulties ahead. “It is going to have a negative effect, and perhaps a devastating effect, on construction labor forces in markets all over the…

The home was also designed to create a portable solution, as it can be easily set up in almost any location. It comes pre-equipped with electricity and plumbing, ensuring essential amenities are available wherever it’s placed. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. A customizable tiny home complete with a single-car garage flew off the proverbial shelves…

Compass is heading into the final weeks of 2024 with a bang. On Monday, the firm announced its plan to acquire Christie’s International Real Estate and @properties. According to a press release, the merger is expected to close in 2025 and is subject to regulatory approval. In an 8-K filing with the Securities and Exchange Commission (SEC), Compass informed its shareholders that it will purchase the companies for $150 million in cash at closing, along with roughly 44.13 million shares of Compass’ Class A stock, which will be issued “as soon as reasonably practicable after the one year anniversary of…

In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson speak with Collabra Technology CEO Russ Cofano to dive into cooperative compensation and the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), among other subjects. This conversation has been edited for length and clarity. To start the episode, Cofano dives into his viewpoints on the NAR lawsuit settlement changes and the controversial practices that stem from it. Cofano: There’s some good things about it and there’s some questionable things. The legal industry understands that they can make a lot of money because…

Listing photos seem identical to when the unit last listed in 2020, showing the same art, including a Botero sculpture (left). Photo: Corcoran Group It doesn’t seem to be easy to sell an apartment at 778 Park Avenue — or any palatial, old-school Park Avenue co-op advertised above $20 million. But the makeup scion William P. Lauder is still trying. Today, he listed a sprawling floor-through unit on the 12th floor for $26.95 million. It sat on the market for a year when its last owner listed it for only $950,000 more back in 2020. Price: $26.95 million ($28,123 monthly…

The reverse mortgage division of Rate, formerly known as Guaranteed Rate, has been on a mission to bolster its market presence for the past few years. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), the company grew its endorsement volume by roughly 870% year to date through July. Keeping that momentum going is a priority for Jesse Allen, who was recently announced as the president for Rate’s reverse lending division. Allen sat down with HousingWire‘s Reverse Mortgage Daily (RMD) to discuss the role and his plans for the short and medium terms. Taking…

A series of threats leading up to and following the Thanksgiving holiday targeted several prominent people in the Republican and Democratic parties, including cabinet nominees for president-elect Donald Trump’s upcoming administration and multiple Democratic lawmakers. Among the Trump cabinet nominees targeted was Scott Turner, Trump’s nominee to serve as secretary of the U.S. Department of Housing and Urban Development (HUD), according to reporting from multiple outlets and a statement from Turner. A statement from Karoline Leavitt, a spokeswomen for the Trump-Vance transition team, detailed that the incidents ranged from bomb threats to “swatting,” a practice in which a bad actor…

Despite gaining final approval of its commission lawsuit settlement agreement, the antitrust issues for the National Association of Realtors (NAR) are far from over. Last week, Luz de Amor Eytalis — the broker of Texas-based Strategic Realty — filed an antitrust suit in U.S. District Court in Wichita Falls, Texas. Eytalis filed an amended complaint to the suit a day later. She is representing herself in the case. In her complaint, Eytalis claims that the NAR rule that requires Realtors to join their local, state and national associations is an illegal “tying agreement” and an antitrust violation. She claims the defendants…

Wells Fargo announced on Monday that it has expanded its $10,000 down payment grant program for underserved borrowers to an additional 12 metro areas, more than a year after initially launching it in eight markets.  “We are expanding the availability of our Homebuyer Access grant program to additional areas to expand opportunities for low-to-moderate income homebuyers,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement.  Wells Fargo’s Homebuyer Access program is available to borrowers who earn 120% or less of the area median income (AMI). The funds can only be used toward the down payment on a…

Mike DelPrete analyzes that near-monopoly the most prominent portals have in their markets and how that translates into pricing power. This article was shared here with permission from Mike DelPrete for Inman Intel, a data and research arm of Inman offering deep insights and market intelligence on the business of residential real estate and proptech. Subscribe today. Real estate portals occupy strong market positions globally, giving them incredible pricing power. Why it matters: That power equates to ever-increasing prices — as measured by Average Revenue per Advertiser (ARPA) — and is the engine for portal revenue growth around the world. ARPA growth…