News Quiz: Do you know the biggest stories for the week of March 20?
T3 Sixty’s Real Estate Almanac went live on Wednesday and with it came a major bombshell.
Meanwhile, a Zillow-owned search portal faced a backlash from agents, Keller Williams named a new chief growth officer and millennials arrived in a big way.
It's the end of the week and we're here to determine what was worth remembering during a seven-day period in March.
According to T3 Sixty’s Real Estate Almanac published on Wednesday, this franchise took the top spot for most sales volume on the analytics company’s list of franchisors.
Keller Williams. Although Compass reigned supreme on the brokerage list, Austin-based company Keller Williams dominated on the franchise list with an annual sales volume of $500.1 billion. Read the story here.
RE/MAX
Sotheby’s
Keller Williams
Coldwell Banker
Homeownership for this ethnic group is poised to reach 50 percent by 2025, according to an annual report released Monday by a leading real estate trade group.
Hispanic homeownership. The Hispanic homeownership rate continued a steady rise last year and could reach 50 percent by 2025, despite a “hostile” market, according to an annual report from the National Association of Hispanic Real Estate Professionals. Read the story here.
Hispanic homeownership
African-American homeownership
Asian homeownership
None of the above
Rent in the country’s 50 most populous metro areas climbed fastest in this city over the past year, tallying a 40.4 percent rise in the average monthly asking rent, to $2,308, according to data released Monday by Redfin.
Austin, Texas. Rent rose 15 percent over the past year, with some markets climbing more than 30 percent, according to data released Monday by Redfin. Rent in the country’s 50 most populous metro areas climbed fastest in Austin, where average monthly asking rents rose a whopping 40.4 percent year over year, to $2,308. Read the story here.
San Jose, California
Coeur d' Alene, Idaho
Austin, Texas
Miami, Florida
This Zillow-owned search portal is turning into “a de facto MLS,” according to real estate agents upset over recent listing policies on the platform.
StreetEasy. New York City-based listing platform StreetEasy is under fire again for its controversial policy that requires agents to post listings on the platform within 24 hours of being publicly listed elsewhere. Read the story here.
StreetEasy
Trulia
HotPads
All of the above
In 2021, millennials made up the largest share of buyers at 43 percent, according to the National Association of Realtors’ annual Home Buyers and Sellers Generational Trends Report, released Wednesday. What demographic made up the largest share of sellers
Baby Boomers. Boomers, those born between 1946 and 1964, made up the largest share of sellers at 42 percent — nearly flat from 43 percent in 2020. Read the story here.
Baby Boomers
The Silent Generation
Gen X
The Greatest Generation
On Tuesday, Keller Williams announced it had tapped Tony Rogers to lead the Austin-based franchisor’s company-wide growth strategy as chief growth officer of KWx. Which company has previously employed Rogers?
All of the above. Prior to joining KWx, Rogers spent two decades leading the marketing strategies for Walmart, Sam’s Club, Frito-Lay, Pillsbury and Gateway, the now-defunct computer company. The University of Texas-Austin graduate also served as a senior auditor and financial analyst for two ‘big four’ accounting firms. Read the story here.
Pillsbury
Sam’s Club
Frito-Lay
All of the above
Landlords Calvin and Jean Thompson hung this on the Queens building they live in following a nine-month rent dispute with their longtime tenants over a $100 rent hike.
A banner. The Thompsons hung a large banner on the Queens building they live in that reads “MY TENANTS ON THE FIRST FLOOR ARE NOT PAYING RENT.” Read the story here.
Boat shoes
A banner
Dead flowers
None of the above
Tomo, the fintech launched last year, announced on Monday a $40 million Series A funding round that more than doubles its valuation to $640 million. Name the former Zillow executive who co-founded the mortgage company.
Carey Armstrong. Tomo, the fintech launched last year by former Zillow executives Greg Schwartz and Carey Armstrong with a tight focus on purchase loans, has announced a $40 million Series A funding round that the company says more than doubles its valuation to $640 million. Read the story here.
Spencer Rascoff
Jay Thompson
Carey Armstrong
None of the above
Who said it: “There was a time when the millennial buyer was not here, when they were off doing Burning Man maybe, I don’t know. But now the millennial is committed to the process of homebuying."
Brown Harris Stevens CEO Bess Freedman. Read the story here.
Brown Harris Stevens CEO Bess Freedman
Pacaso CEO Austin Allison
Millennial Guru Bentinho Massaro
Tesla CEO Elon Musk
This person, place or thing probably made more money than you did in 2021.
All of the above. Read the story here.
Jeff Bezos
Ohio
Your home
All of the above
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