Anywhere profitability dips in Q4 as executives brace for disruptive 2023

Revenue declined 33 percent in the fourth quarter of 2022 — and 13 percent year over year — as the franchisor dealt with double-digit declines in transaction and unit volume across every business segment.

Homes for Sale in Brooklyn and Manhattan

This week’s properties are in Prospect-Lefferts Gardens, Midtown East and on Riverside Drive.

Homes for Sale in New York and

This week’s properties are a five-bedroom homes in Armonk, N.Y., and Upper Saddle River, N.J.

Ohio 4th state to sue MV Realty over allegedly ‘shameful business model’

Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its "homeowner benefit agreements" in Florida, Pennsylvania and Massachusetts.

Which Cities Have the Best Deals for Single Renters?

Where single renters paid the greatest and smallest portion of income for rent on studio apartments.

Lawsuit accuses eXp agents of sexual assault, drugging women

According to the suit filed Wednesday, Michael Bjorkman and David Golden took advantage of women while attending real estate industry events.

Seeking a Studio in Downtown Brooklyn for Less Than $400,000: She Was Surprised by the Options

A schoolteacher left her six roommates behind for some privacy and a decent kitchen. But would her budget be enough?

Can’t Get an Apartment Because of a Credit Report Error? Here’s How To Fix It

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By now you know that your credit score can have a big impact on your life—like when you want to finance a big purchase such as a house, or when you’re looking for a new rental. You can expect your potential landlord to run a credit check and, as a general rule, you will need a score of 620 or higher to rent an apartment.

But credit reports can, on occasion, contain errors—and those errors can derail your apartment search when a landlord gives you a hard pass as a tenant.

“Credit report errors are actually common,” says David Bitton, co-founder of and chief marketing officer of DoorLoop, a property management software. “In fact, at least 1 in 5 people can encounter an error in any of their credit reports.”

Apartment hunting is hard enough, especially if you live in an area where desirable properties get snatched up at a moment’s notice. The last thing you need is to lose out on a rental because of errors on your credit report. But knowing what to look out for can get you back on level playing field. Read on for more information about credit score errors.

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Homebuyers Are Finding Tons of Bargains in This One State—but How Long Will It Last?

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While winter is generally a slow time for real estate as homebuyers hunker down and wait for spring, certain cities—and in fact, one entire state—are defying those odds.

The Realtor.com® Hottest Markets List for January has ranked Manchester, NH (a more affordable alternative to Boston, about an hour away), No. 1 for the 18th time in the past two years. Coming in second was Rochester, NY, on the shores of Lake Ontario. Neither of these metros is much of a surprise, given they’ve lingered near the top of this list many times in the past.

But the No. 3 hottest market—Columbus, OH—is where things get interesting. Why? Because it’s just one of five cities in Ohio that made January’s top 20. That’s a whole lot of Buckeye State property people are snapping up!

(The rankings factor in a combination of demand—measured by the number of unique views per home listing—and how quickly homes are selling in that market.)


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Broker Spotlight: Boris Fabrikant and Collin Bond, The Fabrikant Bond Team at Compass

Find out how these attorneys, brokers and friends put their legal and financial expertise to work to create exceptional outcomes.

The hottest tools to add to your AI toolbox in 2023

ChatGPT is only a sliver of what’s already available in the AI space. Bernice Ross talks to team leader Kendall Bonner and offers a roundup of some of the hottest applications you’ll want to add to your AI toolbox. 

Seeking a Studio in Downtown Brooklyn for Less Than $400,000: She Was Surprised by the Options

A schoolteacher left her six roommates behind for some privacy and a decent kitchen. But would her budget be enough?

Growing your business with tech, teams and new development

Watch this week's three new expert-led classes featuring top tips for agents, and what you should know about the latest tech trends

Sotheby’s brings on LAH Real Estate for newest Alabama affiliate

LAH Real Estate Inc. was originally founded in 1992. The new affiliate brings its four offices to Sotheby's, ticking the brand's total office count in Alabama up to seven.

Offerpad lost $24K on every home sold in Q4 as losses hit record high

Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday.

You Get a House! Georgia Home Built for Oprah Finds a Buyer

Realtor.com

Oprah is not in the house.

Some homebuyers connected to Georgia’s booming film industry will be moving into a home Ms. Winfrey began building but never completed.

An offer is pending on the very large, unfinished mansion in Conyers, GA. The list price was $3.5 million.

“When you’re in the house, you feel so microscopic,” says listing agent Ashley Cook, with Maximum One Realtor Partners. “You’re just like, ‘Whoa.’ I’m so excited to see it done.”







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Leading Seattle team departs Sotheby’s for Engel & Völkers

The three-person Nielsen Group brings a collective 25 years of industry experience and an average annual sales volume of over $50 million to Engel & Völkers.

Total market value for US homes drops $2.3T from June: Redfin

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.

What Is a Deed-Restricted Community? What to Know Before You Buy or Build a Home

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The day I planned to close on an acre lot where I hoped to build a brand-new house, my real estate agent turned up a deed restriction that limited the number of garages I could construct. I had intended to build three, but according to the deed, I could have only two.

This seems like the ultimate First World problem, I know. But it was the first deed restriction I, as a new developer, had encountered, and I didn’t understand why this rule had come out of nowhere to block my progress on land I was paying good money for.

As it turned out, the restriction was more than 50 years old and created by a neighborhood association that had long ago ceased to exist—and therefore couldn’t enforce it. I ended up closing the deal, but I had to consider all the dreamy-eyed buyers who longed to build their own home and were thwarted by rules—archaic or not.

And here’s the rub: Deed restrictions and deed-restricted communities affect more than would-be home builders. Homeowners can be restricted by anything from the number of bedrooms in a house to the types of vehicles in the driveway. It’s best to know about deed restrictions before you buy, so let’s take a look at what they’re all about.

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Matterport Q4 revenue grows to $41.1M in test of value in a downturn

Matterport earned $136.1 million in 2022, which wasn't enough to offset $26.5 million in losses for the final three months of 2022 and $116.6 million for the year, according to the company's latest earnings release on Wednesday. That was more than double the $46.9 million in losses Matterport reported in 2021.

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