Weekly Real Estate News Quiz: Think You're Up On The Biggest Headlines?

From a retailer selling entire rooms of furniture to a man named Alen, the real estate industry threw some curveballs. Take Inman's real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.
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On Wednesday, this online retailer announced it would begin selling curated collections of furnishings for entire rooms.

Online retailer Wayfair announced Wednesday that it has begun selling curated collections of furnishings for entire rooms, which the company believes will appeal to everyone from property managers to short-term rental owners.

Wayfair calls the new program "All-Set Rooms," and it is available now to members of the company's business program, Wayfair Professional. According to a company statement, people using All-Set Rooms "can instantly purchase complete furnishings and fixtures for pre-designed rooms in just a few clicks." The idea is to make "shopping for businesses simpler, faster, and more convenient."

Read the story here.

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Supervisors of unincorporated parts of sprawling Los Angeles County have set a Nov. 12 date for what?

Supervisors of the unincorporated parts of sprawling Los Angeles County have set a Nov. 12 date for what likely will be the final vote on one of the most stringent rent-control laws in the nation.

The proposed law would limit most annual hikes on roughly 43,500 rental units to the current rate of inflation and would make it more difficult for landlords to evict their existing tenants.

Read the story here.

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Earlier this week, real estate professionals began receiving suspicious email purported to be from Howard Lorber, the chairman of New York City-based brokerage Douglas Elliman. They turned out to be phishing attempts by a scammer. What other brokerage was recently attacked by a hacker?

The hack comes slightly more than a week after an email breach at New York City competitor Corcoran, which resulted in the companywide share of internal information, that previous reporting from The Real Deal said contained commission split data.

Read the story here.

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Along with two other firms, the well known investment firm Andreessen Horowitz was revealed as a lead financier in this company’s latest Series B round.

Divvy, a startup that aims to disrupt the rent-to-own business, announced Wednesday that its latest funding round hauled in $43 million, which the company plans to spend helping more people become homeowners.

The Series B round came from a group of well-known investment firms including Andreessen Horowitz, Caffeinated Capital and GIC, a fund created by the Singapore government. Homebuilder Lennar was also among the investors, according to a statement from Divvy.

Read the story here.

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According to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, these three cities drew the highest year-over-year gains in home prices this July.

Following more than a year of diminishing growth, annual home price gains have finally begun to inch upward, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index released Tuesday.

The index, which covers all nine U.S. census divisions, achieved an annual 3.2 percent gain in July, up from 3.1 percent in June.

The biggest gains occurred in Phoenix, Las Vegas and Charlotte, North Carolina, where home prices rose 5.8 percent, 4.7 percent and 4.6 percent, respectively.

Read the story here.

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This presidential candidate’s housing plan would cripple iBuyers like Opendoor and Offerpad through the introduction of new “home flipping” and “empty home” taxes.

IBuyers, startups that use technology to quickly buy and resell homes, could be in trouble if Senator Bernie Sanders' new housing plan ever passes into law.

The democratic socialist and presidential hopeful unveiled a sweeping $2.5 trillion plan earlier this month. It calls for rent control, tenant protections and a massive expansion of affordable housing.

But while the plan guarantees "housing for all" it would also deal a major blow to real estate investors, including through "home flipping" and "empty home" taxes.

Read the story here.

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Maëlle Gavet and Adam Neumann both stepped down from executive roles at these two companies this week.

Compass and WeWork

Read the stories here and here.

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Who is Alen Karaboghosian?

The man seen violently groping and pushing a Keller Williams agent in a viral video has been arrested by the Los Angeles police.

The suspect, who has been identified as 45-year-old Alen Karaboghosian of Encino, California, was spotted pushing a female agent to the ground and bending over her as she screamed for help at an open house Sunday. As first reported by local outlets, Karaboghosian was arrested at the 5400 block of Lindley Avenue in Encino on suspicion of attack with a deadly weapon early Wednesday.

Read the story here.

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Earlier this week, which brokerage expanded its iBuyer program into San Antonio: Redfin or Zillow

Zillow Offers launched Monday in San Antonio and Austin, the platform’s 18th and 19th markets and third and fourth in the Lone Star state.

Read the story here.

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According to Stephanie Anton, president of Luxury Portfolio, Gen-Xers tend to use this social media platform more than Instagram.

[Luxury agents] need to understand that it’s not just millennials on social media, although that’s the primary group that’s focused on it. But it’s important to understand the differences between various age groups and how they consume media, what they use and why.

For example, people under 40 tend to use Instagram more than they do Facebook, and part of it is because they’re looking to project themselves to the world versus Gen-Xers who are a little older, are having kids, and tend to be more private. Gen-Xers use Facebook because it’s closed and more connected to your [individual] community versus Instagram, where you can be public.

Read the interview here.

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