News Quiz: Do you know the biggest stories for the week of March 13?
Pacaso — the second-home platform, not the artist — Bright MLS — yes, that Bright MLS — and rent — no, we don't mean the musical — all made headlines this week.
It's the end of the week and we're here to determine what was worth remembering during a seven-day period in March.
Test your knowledge of the biggest real estate stories for the week of Sunday, March 13, 2022.
On Tuesday, this company announced it would lay off nearly half its workforce, drop its plans to go public and accept a new $220 million funding round.
Knock. Knock, which at its height employed 300, said it will lay off approximately 46 percent of its 250 employees, or approximately 115 workers. But the alternative mortgage provider, which also announced it would step away from a planned initial public offering, will continue expanding into 15 new markets this year, armed with $70 million in equity funding and $150 million in new debt. Read the story here.
Better
Orchard
Keller Williams
Knock
If the first wave of migrations happened in 2020 as a result of the coronavirus pandemic, the most recent wave this year is happening thanks to this, agents told Inman reporter Taylor Anderson in a feature on the latest wave of the “Great Reshuffling."
High home prices. The third wave of migrations is about high prices and low inventory pushing people to move to new markets nationwide. Read the story here.
High home prices
The conflict in Ukraine
Bigger backyards
None of the above
Realtor.com veteran Amit Kulkarni was tapped for this executive position at Bright MLS on Wednesday.
Chief Marketing Officer. Read the story here.
Chief Executive Officer
President
Chief People, Performance, and Culture Officer
Chief Marketing Officer
In a bid to increase accessibility, the Corcoran Group on Tuesday revealed it will add 12 new languages to its website, including:
All of the above. In an effort to increase Corcoran.com’s accessibility, the company will add 12 new languages, including Italian, Japanese, Portuguese, German and more. Site visitors will also be able to view measurements in either the imperial or metric system. Read the story here.
Italian
Portuguese
Japanese
All of the above
As rent spikes nationwide, legislative agendas in more than a dozen states across the U.S. are eying this tactic to keep prices down.
Rent control. Driven in part by rent helping to drive up inflation, lawmakers in a dozen states and cities nationwide have revived long-dormant rent-control policies. Read the story here.
Moratoria on price increases
Rent control
Single family zoning
Rent vouchers
Earlier this week, Pacaso, the second-home ownership platform, made its first foray into this state with the purchase of a home in Cave Creek.
Arizona. Second-home ownership platform Pacaso has acquired its first luxury property in Arizona, a four-bedroom, four-and-a-half-bathroom home in Cave Creek, Arizona, a popular desert resort community north of Scottsdale. Read the story here.
Utah
Arkansas
Arizona
Washington
Planning to get away this spring? Here’s how to nail your vacation and take a real break from the grind, according to The Agency Managing Partner Santiago Arana in a column Thursday.
Connect with family and friends while away. Read the story here.
Boat shoes
Connect with family and friends while away
Literally, leave your phone at home
None of the above
Who said it: “We’re interested in all parts of the digital process, whether that’s digital meetings, whether it’s floorplans, whether it’s signatures.”
Zillow President Susan Daimler. Read the story here.
Compass CEO Robert Reffkin
Docusign CEO Dan Springer
EXp CEO Glenn Sanford
Zillow President Susan Daimler
According to a column Monday by Mike DelPrete, a strategic adviser and global expert in real estate tech, this group is coming for agents’ commissions in the near future.
Big tech. The biggest real estate tech companies, including Zillow, Compass and Opendoor, have set their sights on agent commissions as the answer to their revenue needs. Read the story here.
Wall Street
Private investors
Lawyers
Big tech
During a panel Thursday at Connect Now, brokers discussed the best way to score listings, including by deploying this tactic.
Both TikTok and door knocking.“I have an agent that is kind of a TikTok queen and she has people message her through TikTok and Instagram and things like that,” Corcoran broker Liane Jamason said. “So certainly, social media is just as big as ever. But traditional methods are coming back. The same TikTok star is also door-knocking.” Read the story here.
TikTok
Door knocking
Both TikTok and door knocking
Neither TikTok nor door knocking
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