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Davlyn Investments Acquires 187-Unit Transit-Oriented Multifamily Community in Riverside, California

SAN DIEGO, CA – Davlyn Investments, a prominent California multi-family and commercial property investment firm, recently closed escrow on the $60,000,000 “off-market” purchase of Metro Gateway, a newly-built, 187-unit, luxury, Class A+, “Core” multi-family community in Riverside, California.  Metro Gateway was constructed in 2017 and is Davlyn’s eleventh acquisition in Southern California’s Inland Empire.  The…

Redfin CEO: Amazon-Realogy partnership not a ‘serious move into the real estate market’

Glenn Kelman suggested in the earnings call Thursday that few people turn to Amazon for “soft services.” He also revealed that he’d like to be able to sell 10 percent of the homes listed with Redfin to unrepresented buyers To Read More Visit Inman News Click Here Press Release Distribution Service

Redfin experiences ‘turning point,’ beats expectations with $197.8M in revenue

CEO Glenn Kelman said Thursday that Redfin’s various ventures that touch on iBuying, mortgage and title services are entering a “more aggressive phase of market expansion.” To Read More Visit Inman News Click Here Press Release Distribution Service

RE/MAX reports $71.4M in revenue, net income of $8.6M in Q2

The franchisor’s revenue in the second quarter was boosted by Motto Mortgage franchise sales and international growth, according to RE/MAX executives. To Read More Visit Inman News Click Here Press Release Distribution Service

Opendoor will now make cash offers on behalf of buyers

As part of a new homebuyer service, the iBuyer is also offering buyers access to its homes before putting them on the market. To Read More Visit Inman News Click Here Press Release Distribution Service

48 companies sued for denying tenants with criminal records

Florida’s state Realtor association is warning its more than 187,000 members against blanket policies that deny housing to tenants with criminal records. To Read More Visit Inman News Click Here Press Release Distribution Service

Bruce Willis slashes price on New York estate that includes 4 homes

The “Die Hard” star slashed the price of his Bedford home to $9.39 million from the original $12.95 million asking price. To Read More Visit Inman News Click Here Press Release Distribution Service

HUD proposes change that would make proving housing discrimination more difficult

The proposed changes to the “disparate impact” rule come at a time when the gap between black and white homeowners is growing, according to a Redfin study. To Read More Visit Inman News Click Here Press Release Distribution Service

More existing homes will come equipped with smart tech: Study

Eighty percent of new homebuyers opted for smart home upgrades, according to a new study by Harvard researchers. To Read More Visit Inman News Click Here Press Release Distribution Service

WATCH: How to succeed as a niche real estate agent

Kofi Nartey, the national director of Compass’ sports and entertainment division, spoke at ICLV about evolving in a rapidly changing industry on a panel with Qualia’s Nate Barker, Quicken Loans’ Jason Pace and Agentology’s David Tal.  To Read More Visit Inman News Click Here Press Release Distribution Service