Judge rules MSNBC host Donny Deutsch skipped out on $1.2M commission

Judge rules MSNBC host Donny Deutsch skipped out on $1.2M commission

Just because MSNBC host Donny Deutsch already knew the buyer a real estate broker brought to the sale of his $30 million Hamptons home doesn’t mean he can skip out on the $1.2 million commission the broker claims he’s owed, ......
21 hours ago
The Real Estate Network planning 2016 cable TV launch to 50 million homes

The Real Estate Network planning 2016 cable TV launch to 50 million homes

A former commercial real estate broker from Minneapolis sees room on the cable TV dial for another network, and says The Real Estate Network will also include a website that lets user explore homes, schools and other properties. Founder Bobby ......
21 hours ago
It’s over: Fed no longer adding to mortgage stockpile

It’s over: Fed no longer adding to mortgage stockpile

The Federal Reserve said today it’s put an end to the final round of “quantitative easing” — massive purchases of mortgages and Treasurys intended to goose the economy by helping keep the cost of borrowing low. The Fed’s...
Wednesday, October 29, 2014
Former Detroit casino mogul behind winning bid for 6,350 lots

Former Detroit casino mogul behind winning bid for 6,350 lots

Herb Strather — a Detroit developer who made a fortune spearheading the drive to legalize casinos in the Motor City — is the leader of a group of  investors who have won the right to buy 6,350 foreclosed homes and ......
Wednesday, October 29, 2014
Who’s investing in real estate tech, and where

Who’s investing in real estate tech, and where

    Redfin, Fangdd, Urban Compass and HouseTrip are just a few of the companies that have venture capitalists pulling out their checkbooks to take big ownership stakes this year, TechCrunch reports. But it’s not just the size of the ...
Tuesday, October 28, 2014
Things get ugly when agents outnumber transactions

Things get ugly when agents outnumber transactions

There are more licensed agents in Westport and Weston, Connecticut, than there are transactions each year, Coldwell Banker agent Evi Coghlan reports. The result? Homeowners get “bait and switch” letters from real estate agents who claim t...
Friday, October 24, 2014
Realtors at Coldwell Banker office say, ‘Stop us, before we win the lotto again!’

Realtors at Coldwell Banker office say, ‘Stop us, before we win the lotto again!’

A Coldwell Banker Premier Real Estate office in South St. Louis County, Missouri, has produced a third big lotto winner in two years. “It’s positive energy. That’s how we sell homes,” says Coldwell Banker agent Kimberly DeLapp...
Friday, October 24, 2014
Zillow CEO: Trulia acquisition could close this year, Pete Flint expected to stay on

Zillow CEO: Trulia acquisition could close this year, Pete Flint expected to stay on

Zillow CEO Spencer Rascoff says the company’s had “a lot of conversations with the Federal Trade Commission” over its planned acquisition of rival Trulia, and he’s “confident that the deal will close late this year or ea...
Friday, October 24, 2014
Boutique real estate brokerage sells 50 percent stake to big developer

Boutique real estate brokerage sells 50 percent stake to big developer

One of New York City’s biggest developers, The Related Companies, has bought a 50 percent ownership stake in CORE, one of the city’s most well-known boutique residential real estate firms, The New York Times reported. Terms of the deal we...
Friday, October 24, 2014
Are mortgage regulators trying to turn ‘mythic housing recovery’ into a real one?

Are mortgage regulators trying to turn ‘mythic housing recovery’ into a real one?

By giving lenders some assurances that Fannie Mae and Freddie Mac aren’t going to make them buy back mortgages at the drop of the hat, federal regulators are essentially saying, “Go ahead and lend; we’ll hold the paper,” write...
Thursday, October 23, 2014
Mortgages haven’t been this cheap since summer of ’13

Mortgages haven’t been this cheap since summer of ’13

Cheap mortgages are renewing interest in refinancing, but don’t seem to be doing much to spur homebuyers into action yet. Freddie Mac’s weekly survey of lenders shows rates on 30-year fixed-rate home loans at 3.92 percent, the best rate s...
Thursday, October 23, 2014
.Realty top-level domain auctioned for $5.58M

.Realty top-level domain auctioned for $5.58M

The rights to administer a new generic top-level domain, .Realty, were auctioned off Wednesday for $5.58 million to “domaineer” Jay Westerdal’s Fegistry LLC. Thanks to its trademark on the term “Realtor,” the National As...
Thursday, October 23, 2014
Mumbai-based Housing.com in talks to raise $40M

Mumbai-based Housing.com in talks to raise $40M

“Technology and analytics will be the biggest differentiator and game changer in the online real estate industry,” says Rahul Chowdhri, an investor in Mumbai-based Housing.com, reportedly in talks with investors to raise an additional $40...
Tuesday, October 21, 2014
Launch of .realtor seen as ‘key moment’ for top-level domains

Launch of .realtor seen as ‘key moment’ for top-level domains

Chances are that most Realtors are aware that a new “top-level domain” — .realtor — will debut this week. The National Association of Realtors, which won the right to administer the domain, will give away 500,000 .realtor doma...
Tuesday, October 21, 2014
North Dakota Realtors put $900K behind bid to ban real estate transfer taxes

North Dakota Realtors put $900K behind bid to ban real estate transfer taxes

The North Dakota Association of Realtors has spent close to $900,000 on ads supporting of a ballot measure that would preemptively ban real estate transfer taxes in the state, even though there’s no organized opposition. Republican state Rep. S...
Tuesday, October 21, 2014
Mortgage lending could finally ease if Fannie and Freddie address lenders’ buyback fears

Mortgage lending could finally ease if Fannie and Freddie address lenders’ buyback fears

Mortgage lenders could get a lot more willing to extend loans to borrowers with less-than-pristine credit if Fannie Mae and Freddie Mac give them more clarity on what circumstances will trigger demands that mortgage originators buy back loans that go...
Friday, October 17, 2014
Surge in mortgage applications driven by refi requests

Surge in mortgage applications driven by refi requests

Lower mortgage rates are fueling demand for home loans, but don’t get too excited yet — most borrowers are looking to refinance an existing home, not take out a purchase mortgage. The Mortgage Bankers Association’s weekly survey of ...
Wednesday, October 15, 2014
Builders slashing prices as lower FHA ceilings dent new-home sales

Builders slashing prices as lower FHA ceilings dent new-home sales

When HUD slashed FHA loan limits in 652 high-cost U.S. counties in January, suddenly many builders found their homes priced too high for the government-backed loan program, popular with borrowers who don’t have 20 percent to put down on a ......
Tuesday, October 14, 2014