Michael Gerrity Michael Gerrity, founder of Miami-based World Property Ventures (WPV), has announced that WPV's wholly-owned subsidiary, World Property Markets, is soon launching a significant $350 million joint-venture funding round with multiple industry partners later this quarter. World Property Markets specializes in developing large-scale property listing search platforms that include: Global...

Image Kellenberger says resumption of REIT transaction activity also...

According to new research by Clever Real Estate, around 86% of agents believe the recent changes to the commission structure, which took effect last month after the DOJ's national class action lawsuit against the National Association of Realtors (NAR), will drive many agents out of the industry. The settlement's most significant change is that sellers are no longer required to cover the buyer's agent's...

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. The Denver-area MLS has named a new CEO in Dana Bennett, who returns to REcolorado after an 18-month stint away from the company. Bennett’s most recent role at the MLS was as vice president and chief business development officer, and she originally joined REcolorado as director of integrated solutions in...

Three Texas-based multiple listings services (MLSs) are teaming up. The Houston Association of Realtors (HAR), San Antonio Board of Realtors (SABOR) and Austin-based Unlock MLS are entering into a data sharing agreement that will give Realtors access to each other’s listings, with the deal set to be finalized by the end of the year. “Comparative market intelligence empowers agents to think...

David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S.  Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. He emphasized the important role that the public-private partnership between the industry and HUD represents for the...

Real estate investors continue to forecast mostly sunny skies for their businesses, according to quarterly survey data released Wednesday by RCN Capital and the CJ Patrick Co. The companies’ Fall 2024 Investor Sentiment Index showed that 68% of investors view the current housing market as “better” or “much better” than it was a year ago. This compared favorably to the Summer 2024 iteration...

HomeEquity Bank, the leading reverse mortgage lender in Canada, recently conducted a survey and found that the country’s retirees ages 75 and older were generally happier with their lives than workers in their 50s who are approaching retirement. “According to the findings, 95% of Canadians 75 and older said they are very or somewhat satisfied with their lives, compared to just 79% of Canadians in...

Outdoor living and entertaining spaces like patios can act as an extension of the home itself. In fact, the outdoor-indoor living trend has dominated California home aesthetics for the past decades — and has gradually been adopted by luxury homes throughout the country. But even if you don’t live in sunny Cali or own a million-dollar home, renovating or creating a patio can improve the look of...

A circular home perched on a hillside in Los Altos Hills, California, got a modern makeover that anchored it firmly into the 21st century. The architecturally distinct, 5,103-square-foot circular house was thoroughly renovated by San Francisco-based practice Feldman Architecture, to extraordinary results. The extensive remodel brought the house down to its studs, completely rebuilding the...