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

From an 18-year-old's new $2.6 million home to a bold prediction on the future of real estate, the real estate industry threw some curveballs this week. 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 company debuted on-demand video home tours for buyers and sellers anxious over the novel coronavirus outbreak.

In a blog post on Wednesday, Redfin CEO Glenn Kelman announced the brokerage would offer on-demand video home tours for homebuyers worried about being exposed to COVID-19, a potentially-deadly form of coronavirus that causes mild to severe respiratory symptoms including fever, cough, and shortness of breath.

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On Tuesday, the U.S. Federal Reserve announced an emergency interest rate cut, lowering the target range for federal funds by this many basis points.

The U.S. Federal Reserve announced Tuesday an emergency interest rate cut, lowering the target range for federal funds by 50 basis points to a range of 1-1.25 percent.

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Since 2018, home listings that have included this description have sold for about 10 percent more than anticipated, according to a new study by Zillow that analyzed correlation between language in listings and price premium or days on market.

Since 2018, home listings that have included the description “modern farmhouse” have sold for about 10 percent more than anticipated, according to a new study by Zillow that analyzed correlation between language in listings and price premium or days on market.

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This presidential candidate wants to invest $2.5 trillion to build affordable housing. He or she also pledges to spend $70 billion on public housing.

Bernie Sanders wants to invest $2.5 trillion to build affordable housing. He also wants to spend $70 billion on public housing. (The proposal puts a price tag on a number of other proposals as well, though it isn’t entirely clear if those are part of or in addition to the $2.5 trillion.)

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According to real estate brokerage Compass and digital lending startup Better.com, partners in the former’s bridge loans platform, the future of real estate lies in these hands.

Real estate brokerage Compass and digital lending startup Better.com, partners in the former’s bridge loans platform, released on Wednesday a study on the trends shaping the real estate technology sector and found that women are buying more homes, and many single women are opting for homeownership before marriage.

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Earlier this week, this rapper and songwriter put his home in Los Angeles’ prestigious Beverly Hill Post Office district — made almost entirely of glass — on the market for $16.95 million.

Rapper and songwriter Pharrell Williams’s house is made almost entirely out of glass — and now it is on the market for $16.95 million.

The estate, located in Los Angeles’ prestigious Beverly Hills Post Office area, sits at 17,000 square feet and boasts 10 bedrooms and 11 bathrooms.

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This week, New York-based Corcoran announced its third franchise location would be in this city.

Corcoran announced Tuesday it’s entering the Chicago market with its third franchise Corcoran Urban Real Estate, formerly a 25-agent indie, operating in neighborhoods including Gold Coast, New Eastside, Streeterville, Loop, South Loop and West Loop.

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On Monday, this iBuyer expanded to Cincinnati.

Zillow Offers launched Monday in Cincinnati, the 24th market for the Seattle-based real estate tech company’s direct-to-consumer homebuying and selling platform. It’s the company’s first iBuyer presence in the state of Ohio and comes in a market where it already has a large employee-base thanks to the previous acquisition of dotloop, which is based in Cincinnati.

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Earlier this week, this 18-year-old bought a home for $2.6 million in the Calabasas neighborhood of Los Angeles.

Michael Jackson’s youngest son Prince Michael “Bigi” Jackson — better known by his nickname “Blanket” — has purchased his first house for more than $2.6 million. And he’s only 18.

The 6,400-square-foot, six-bedroom estate is part of a gated community in the Calabasas neighborhood outside of Los Angeles favored by celebrities. It was built in 1990 in the Mediterranean style, Variety reports. Jackson has been in the spotlight since his birth in 2002. At the time, a photo of his father dangling him over a hotel balcony as a baby was one of the most-talked about celebrity moments of the year.

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The number of homes flipped in the U.S. in 2019 represented what fraction of all home sales throughout the year, according to Attom Data Solutions’ Year-End Home Flipping Report?

The number of homes flipped in the U.S. in 2019 was 6.2 percent of all home sales throughout the year, an eight-year high, according to Attom Data Solutions’ Year-End 2019 U.S. Home Flipping Report. In 2018, flipped houses represented 5.8 percent of all home sales, and in 2017 it was 5.7 percent of all home sales.

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