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Redfin OpenBook offers reviews of title agencies, lenders, inspectors

Expanding reviews Redfin has long made reviews and ratings of their agents public and are known for publishing the results of internal surveys which every client is asked to take, even if they don’t close. The company has taken the next step in their review system and put their database of ancillary services to use and is today announcing “OpenBook” [...]

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Pinterest imposes character limits on captions

Changing tides For months, AGBeat has led the conversation about Pinterest, particularly in how it can be improved, with 30 suggestions made early this year, followed by 12 more suggestions of features and tweaks the company could make to the visual bookmarking service to insure their longevity. Because of our suggesting the site can be used for business, much of [...]

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Taxpayers pay $47 million in legal fees for Fannie, Freddie

Losses to legal costs The Office of Inspector General of the Federal Housing Finance Agency (FHFA) is reporting today that legal fees for former leaders of Fannie Mae and Freddie Mac are roughly $110 million, with taxpayer dollars funding at least $47 million of the bills. According to the report, the total amounts may actually be higher as this only [...]

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Existing home sales rise for fourth consecutive month

8 Housing making gains According to the National Association of Realtors (NAR), existing home sales (completed transactions of single family homes, townhomes and condos) rose for the fourth consecutive month as the trade group points to improving inventories. In January, existing home sales were 0.7 percent higher than in January 2011 as total housing inventory fell 0.4 percent from December, [...]

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3 simple social media monitoring tools you need to know about

The Ultimate Watch-Dog Have you ever wished you could know what everyone has ever said about you as a business professional? Sure, you’ve received great client testimonials and feedback over the years, but maybe there are some disgruntled clients out there who have not been happy with something you’ve done or the services you’ve provided and are broadcasting their dissatisfaction [...]

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Realtor.com updates mobile app suite, adds new features

New iOS real estate search app Realtor.com today announces major product updates to their iOS (Apple) apps to help users to discover and research price reduced, foreclosed, and recently sold properties, which the company tells AGBeat “lays the groundwork for an easier and faster iPad, iPhone, and iPod Touch app.” The updates integrate the new Realtor.com Data API and offers [...]

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Entrepreneurs must balance optimism and realism

What entrepreneurs have in common If you are an entrepreneur, chances are that you are intensely driven, totally in love with your chosen profession or borderline insane, and I’m betting it is a combination of all of the three that led you to take a leap of faith and start your business. It’s not too hard to start a business, [...]

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Does Redfin’s high profile hire signal a looming IPO?

Redfin’s new CMO Over the years, real estate company, Redfin.com has edged closer and closer to a hybrid between their early days of disruption and the traditional real estate model, with some questioning if their round of hiring last fall paired with a recent alteration of their pricing (which is still discounted compared to most of their competitors, yet less [...]

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Goomzee launches mobile marketing solution for property managers

New site, new tools After their major site overhaul revealed last week, Goomzee.com today announced their new offering of a custom-tailored solution for property management professionals which they say is designed by property management professionals to solve common problems that are unique to their sector. Goomzee provides mobile technology tools for real estate professionals, already serving multiple listing services (MLS), [...]

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Loan default rates drop slightly in January

Dropping default rates According to the Standard & Poor’s (S&P)/Experian Consumer Credit Default Indices for January, most loan types saw a drop in default rates after four consecutive months of rising defaults in America, primarily improving in consumers’ first mortgage default rates. Second mortgage and bank card default rates fell slightly in January while auto loan default rates remained stagnant. [...]

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