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ZipRealty announces net loss, growth in agents

By Inman News, Thursday, August 7, 2008.

ZipRealty, a real estate brokerage company that offers service discounts to sellers and rebates to buyers, on Thursday reported a net loss of $1.7 million, or 8 cents per share, in the second quarter ended June 30, 2008. That compares to a net loss of $1 million, or 5 cents per share, in the same quarter last year.  more...

Move Inc. reports Q2 loss of $2.2 million

By Inman News, Thursday, August 7, 2008.

Realtor.com operator Move Inc. on Thursday reported a $2.2 million net loss in the second quarter, or 1 cent per share, compared with net income of $4.4 million, or 3 cents per share, in second-quarter 2007.  more...

SearchMe reinvents online property search Premium Content

By Bernice Ross, Thursday, August 7, 2008.
Screenshot from SearchMe.com

Move over, Google, Yahoo and MSN; there's an entirely new type of search engine that's about to revolutionize how you search on the Web.

With a great deal of fanfare on July 28, 2008, a new type of search engine called Cuil (pronounced "cool") was launched. The company hopes to topple Google by indexing more than 120 billion Web pages. It also claims to "dig down" into the content on the site to give users more detail about the matches that they generate. Based upon the comments at PC World, the folks at Google have no need to worry.  more...

Want a fancier-looking room? Try wainscoting

By Paul Bianchina, Thursday, August 7, 2008.

One way to really dress up a room and try your hand at some different decorating techniques is to consider wainscoting. There are a number of ways to combine materials to create some very attractive wainscoting effects, and the cost doesn't need to be prohibitive.  more...

Brokers, Property I.D. agree to $39 million settlement Premium Content

By Matt Carter, Thursday, August 7, 2008.

Californians who bought natural hazard disclosure reports when they listed their homes with Coldwell Banker, Prudential California Realty, RE/MAX, Century 21 or ERA Real Estate could soon be entitled to full refunds as part of a proposed $39.3 million settlement of a class-action lawsuit.

The settlement agreement, which must still be approved by a federal district judge, stems from a lawsuit alleging that real estate brokers took kickbacks from the company that produced the reports, Property I.D. Corp., in exchange for referring business to the company.  more...

Mercury's Colorado title operations go to Fidelity

By Inman News, Thursday, August 7, 2008.

Fidelity National Financial Inc. has snatched up all the Colorado title insurance operations of troubled Mercury Companies Inc. from under the nose of a competitor, boosting its market share in the state by 30 percent.  more...

MyFrontSteps gets $3 million in funding Premium Content

By Inman News, Thursday, August 7, 2008.

Brendan King's new brainchild: MyFrontSteps  more...

Life during wartime

By Marc Davison, Thursday, August 7, 2008.

A hubbub of technological euphoria swirls in real estate. It's been here since the early days of agent domain squatters and will likely last well past Real Estate Connect 2008, where talking heads, brokers, innovators, technologists and bloggers sipped from the Pixie Sticks of cool and trendy.

Web 2.0. It's now a bona fide addiction. Connect proved that. The merry band of bloggers and Twitterers mingled, typed and grooved to the orange and green.  more...

Study: Fewer Realtors work with foreign buyers Premium Content

By Inman News, Thursday, August 7, 2008.

U.S. home sales to international buyers appear to have subsided in the past year, according to a National Association of Realtors study released today.

The survey of 4,000 Realtors found that about 26 percent of participants worked with at least one foreign client from May 2007 to May 2008, down from 32 percent in the previous survey, conducted from April 2006 to April 2007.  more...

NAR changes 2008 forecast

By Inman News, Thursday, August 7, 2008.

Mortgage apps up from last week
The Mortgage Bankers Association on Wednesday reported a 2.8 percent seasonally adjusted increase in total home loan applications last week compared to the week before. Despite the gain, the MBA's market composite index is down 33.7 percent compared to a year ago.  more...