Authorities in no rush to stop ‘adverse possession’ home sales

Authorities in no rush to stop ‘adverse possession’ home sales

Dallas city officials say they’re pretty much powerless to stop a man who’s described himself as a “real estate cat burglar” from obtaining homes from poor people under the guise of adverse possession and reselling them to uns...
Tuesday, September 16, 2014
Vacant homes attracting squatters

Vacant homes attracting squatters

There’s no shortage of listings in scenic Placer County, California, where real estate agent Audrey Baker tells Fox 40 that vacant homes can languish on the market for months — and it’s not unusual for them to attract squatters. Bak...
Tuesday, September 16, 2014
Funding round values INRIX, provider of search-by-commute tool, at $550 million

Funding round values INRIX, provider of search-by-commute tool, at $550 million

INRIX, the developer of a listing search tool that lets homebuyers filter properties based on commute time, has sold a 10 percent stake to the Porsche family for $55 million in a funding round that values the Kirkland, Washington-based company at a...
Friday, September 12, 2014
Agent beware: That seller’s home may have a nanny cam

Agent beware: That seller’s home may have a nanny cam

Homebuyers typically walk into for-sale homes and comment on everything they see, expressing their excitement or disappointment to their agent. But that’s a mistake, according to Annie Fitzsimmons, legal hotline lawyer for Washington Realtors....
Thursday, September 11, 2014
Ohio brokerage charging buyers and sellers by the hour

Ohio brokerage charging buyers and sellers by the hour

Columbus, Ohio-based brokerage Vernon Road says it’s out to change the way real estate is done, charging buyers and sellers $85 an hour instead of a percentage-based commission. When Vernon Road represents sellers, the homeowners will pay a 3 p...
Monday, September 8, 2014
Home price revisions: highs not as high, lows not as low

Home price revisions: highs not as high, lows not as low

Kinda ancient history now, but in order to know where you’re going, it helps to know where you’ve been, no? On the Calculated Risk blog, housing economist Tom Lawler explains recent revisions to historical data for the S&P/Case-Shille...
Friday, September 5, 2014
Crowdfunder Realty Mogul helps finance $8.7 milllion deal

Crowdfunder Realty Mogul helps finance $8.7 milllion deal

Realty Mogul helped Chicago-based Brennan Investment Group raise $1 million of the $8.7 million purchase price of an industrial park in Indianapolis, IndyStar.com reports. Investors participating in the deal through the crowdfunding startup will get ...
Thursday, September 4, 2014
Hawaii real esate broker pleads guilty to money laundering

Hawaii real esate broker pleads guilty to money laundering

An East Oahu real estate broker has been sentenced to 20 days in jail, two years of probation, and fined $10,000 after pleading guilty to one count of money laundering. Judy Jakobovits allegedly agreed to launder $200,000 in a home ......
Thursday, September 4, 2014
Former TabbedOut exec says RealSavvy will reimagine home search

Former TabbedOut exec says RealSavvy will reimagine home search

Rick Orr, founding CEO of mobile app developer ATX Innovation (the people behind the TabbedOut app), is about to launch a new venture: RealSavvy, a startup that will “bridge the gap between homebuyers and agents” and “reimagine̶...
Tuesday, September 2, 2014
Power broker favors T-shirts over suits

Power broker favors T-shirts over suits

Climb Real Estate Group power broker Kevin Gueco’s taste for high fashion has landed him in the San Francsico Chronicle, which details every aspect of his wardrobe, from “Japanese salvage denim and designer sneakers” to American App...
Friday, August 29, 2014
Drone helps broker discover whether clients have a few shingles loose

Drone helps broker discover whether clients have a few shingles loose

Tulsa, Oklahoma-based broker-owner Darryl Baskin says the drone footage he shoots gives his sellers an advantage by showing off desirable features like spacious backyards and sturdy roofs. On one recent flight, he discovered his client had a few loos...
Friday, August 29, 2014
Déjà vu all over again as mortgage rates inch down toward 4 percent

Déjà vu all over again as mortgage rates inch down toward 4 percent

Mortgage rates are getting close to 4 percent again, but don’t expect another refi boom, Calculated Risk’s Bill McBride writes — many homeowners refinanced when rates dropped below 4 percent in 2012 and 2013. Rates for 30-year fixed...
Thursday, August 28, 2014
Don’t you dare call it the flyover: Chicago gets another real estate tech accelerator

Don’t you dare call it the flyover: Chicago gets another real estate tech accelerator

With sponsorship from real estate services firm DTZ, Chicago-based real estate tech accelerator ElmSpring will hold its first pitch day next week, Crain’s Chicago Business’ John Pletz reports. ElmSpring was launched this summer by Century...
Tuesday, August 26, 2014
Realogy’s Alex Perriello sees acquisitions as path to MLS consolidation

Realogy’s Alex Perriello sees acquisitions as path to MLS consolidation

Consolidation of multiple listing services should happen “through acquisition,” with larger MLSs taking over smaller ones that aren’t able to adapt, Alex Perriello told attendees at the National Association of Realtors’ 2014 L...
Tuesday, August 26, 2014
Bitcoin transactions not taking off into the stratosphere

Bitcoin transactions not taking off into the stratosphere

If it ever becomes mainstream, the virtual currency bitcoin could streamline sales of everything from homes to illicit drugs. While bitcoin has generated considerable excitement — to which the real estate industry is not immune — it’...
Tuesday, August 26, 2014
Trulia CEO Pete Flint invests in agent review platform

Trulia CEO Pete Flint invests in agent review platform

With the company he co-founded set to be acquired by Zillow next year, is Trulia CEO Pete Flint thinking about broadening his horizons? Australian agent review platform OpenAgent has closed a $1 million funding round, and Flint is one of ......
Tuesday, August 26, 2014
What if .realtor domains turn Google into AgentMatch?

What if .realtor domains turn Google into AgentMatch?

What if 500,000 members take the National Association of Realtors up on its offer of a free .realtor domain, and what if a sizable chunk of that group takes realtor.com up on its offer to host their realtor.com profile pages ......
Monday, August 25, 2014
Consumer watchdog chooses 12 companies for e-closings pilot

Consumer watchdog chooses 12 companies for e-closings pilot

A federal agency has chosen 12 firms to participate in a pilot program the agency hopes will yield insights on how to use technology to make the mortgage process easier, cheaper and less time-consuming for borrowers. The Consumer Financial Protection...
Monday, August 25, 2014