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Inman Real Estate News

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Zillow’s Zestimate now uses photos when valuing homes
The update relies on AI neural networks that can judge things like finishes and curb appeal.
Wayfair employees protest, stage walkout over border camp furniture
Making good on their stated plan, scores of Wayfair employees walked off the job Wednesday to protest their company's practice of selling supplies for use in immigrant detention camps near the U.S.-Mexico border.
The top 10 challenges facing the real estate industry
The Counselors of Real Estate, an invitation-only professional organization of 1,100 real estate advisers and other professionals around the world, has revealed its annual list of the 10 top issues facing real estate.
New York real estate board names new president
John Banks, the five-year president of the Real Estate Board of New York announced Wednesday that he's retiring to spend more time with his family and pursue philanthropic interests. Jim Whelan, the current executive vice president, has been confirmed to succeed Banks. 
Bombshell suit against real estate firms could get even bigger
Three additional plaintiffs have been added to a lawsuit involving the sharing of commissions between listing and buyer brokers.
Growing cities losing affordable housing at alarming rate: Study
Released Wednesday, a new study from Freddie Mac finds a striking correlation between population growth and affordable housing.
May the footstool be with you? Disney collaborates with designer for ‘Star Wars’ furniture series
A Darth Vader armchair and a footstool with Chewbacca’s hair are just a few pieces of furniture designed by Kevin Cobonpue.
EXp Realty sued for trademark infringement … by EXP Realty
Weeks after announcing an expansion into New York City, eXp Realty has been hit with a lawsuit by a very similarly named brokerage.
Trump creates affordable housing council, taps Ben Carson as chair
In an executive order Tuesday, Trump said the role of the council would be to increase the supply of homes in the U.S. in an effort to meet demand.
The major lesson I learned from 5 days without a phone
In a foreign land, Jay Thompson was robbed of his phone, literally. Here’s the eye-opening experience he had.
7 myths buyers actually believe
Here are seven common misunderstandings that can ratchet up tensions in real estate transactions. Clear them up before they mess up your process.
Wayfair employees reportedly plan walkout over furniture for border camps
A letter purporting to be from Wayfair employees that was widely circulating on Twitter Tuesday — and which was shared by @wayfairwalkout — further alleged that the company supplied $200,000 worth of bedding to a BCFS facility in Carrizo Springs, Texas, that "will be outfitted to detain up to 3,000 migrant children," according to the letter.
‘Cannabis Open House Party’ to launch social app Rila
The company will host a cannabis-themed open house in Sherman Oaks, California, replete with plants, hemp dog treats, skincare products and lessons on leaf trimming in the cabana — all to officially launch the social real estate app that uses agent- and community-based content to promote listings.
Co-living startup Venn raises $40M to ‘reinvent urban neighborhoods’
Co-living startup Venn announced Tuesday it raised $40 million in its first round of funding. The Tel Aviv, Israel-founded company aims to take on giants in the space like WeLive by supporting entire neighborhoods, from managing homes to supporting local businesses and creating community spaces.  
Lawsuit alleges New Yorkers built an illegal Airbnb empire
The group allegedly spent years illegally renting out dozens of properties all across New York City and ultimately made millions of dollars.
What’s in a name? How street names can impact a deal
Apparently, the question of whether street names matter to buyers hit a nerve with a number of real estate professionals across the nation. Here are some of the best stories we gathered.
NYC law firm mulls class action lawsuit against Realogy
The New York City-based law firm that previously filed a class action lawsuit against Zillow is putting Realogy in its crosshairs.
Home prices rise 0.4% in April
U.S. home prices rose 0.4 percent from March to April, according to the Federal Housing Finance Agency's monthly House Price Index.
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