Barbara Corcoran: Zillow and Trulia are like Boardwalk and Park Place with hotels

Barbara Corcoran: Zillow and Trulia are like Boardwalk and Park Place with hotels

With their ability to “control 60 percent of eyeballs,” Zillow and Trulia “are kind of like Boardwalk and Park Place with a big hotel on each,” Barbara Corcoran tells Stephanie Ruhle and Erik Schatzker, the hosts of Bloomberg ...
Friday, August 1, 2014
Zillow-Trulia deal could prompt marriage of UK real estate portals Zoopla and Rightmove

Zillow-Trulia deal could prompt marriage of UK real estate portals Zoopla and Rightmove

Just like their U.S. counterparts, U.K. property search portal giants Zoopla and Rightmove “have to keep growing and monetizing and there probably will have to be some consolidation in the sector to reduce cost base,” Joe Rundle, head of ...
Friday, August 1, 2014
Atlantic City boarding house that was thorn in Trump’s side sells for $530K

Atlantic City boarding house that was thorn in Trump’s side sells for $530K

A three-story boarding house in Atlantic City once coveted by casino developers Bob Guccione and Donald Trump — both wanted to buy it and knock it down to clear the way for their projects — isn’t such a hot property ......
Friday, August 1, 2014
Judge orders BofA to pay $1.3B for toxic mortgages

Judge orders BofA to pay $1.3B for toxic mortgages

In the first mortgage-fraud case brought by the federal government to ever go to trial, a jury found Bank of America’s Countrywide unit liable for selling thousands of bad mortgages to Fannie Mae and Freddie Mac in the run-up to ......
Thursday, July 31, 2014
Startup launches free credit reports — and it’s not a scam

Startup launches free credit reports — and it’s not a scam

Online credit monitoring startup Credit Karma is now offering consumers weekly credit reports and scores that are “actually free, not free*,” writes TechCrunch’s Sarah Perez. As someone who plans to apply for a new mortgage soon, Pe...
Thursday, July 31, 2014
Atlantic City boarding house that Trump had to build around to be auctioned today

Atlantic City boarding house that Trump had to build around to be auctioned today

The way Donald Trump remembers it, he was willing to pay Vera Coking millions of dollars and provide her with free housing for life in one of his luxury high-rises if she’d sell him a 29-room boarding house in Atlantic ......
Thursday, July 31, 2014
Adjoining condos going on the market in NYC for conversion into ‘mega-units’

Adjoining condos going on the market in NYC for conversion into ‘mega-units’

The opportunity to buy three adjoining condos at The Residences at The Ritz-Carlton New York and combine them into a single 15,434-square-foot “mega-unit” could be worth $118.5 million to a wealthy, space-hungry buyer. That’s what N...
Wednesday, July 30, 2014
Trulia co-founder is in a rowboat 2,000 miles off the California coast

Trulia co-founder is in a rowboat 2,000 miles off the California coast

Trulia co-founder Sami Inkinen wasn’t part of merger talks with Zillow because for more than a month he and his wife, Meredith Loring, have been rowing across the Pacific Ocean. The couple are about 300 miles from completing the 2,700-mile ......
Wednesday, July 30, 2014
Trulia was up for sale 3 years ago

Trulia was up for sale 3 years ago

Trulia hired investment bank Qatalyst Partners three years ago to negotiate a sale of the company and although it was unable to swing a deal at the time, Qatalyst is collecting a fee now that JPMorgan has negotiated a sale ......
Wednesday, July 30, 2014
Forget drones — Coldwell Banker broker is flying Blackhawk helicopters

Forget drones — Coldwell Banker broker is flying Blackhawk helicopters

After the bottom fell out of the real estate market six years ago, newlywed real estate broker Matthew Hanks joined the Army National Guard to help bring in some extra income. “I was just searching for any way I could ......
Wednesday, July 30, 2014
Toledo lost almost half its Realtors in the downturn. Are they ever coming back?

Toledo lost almost half its Realtors in the downturn. Are they ever coming back?

The Toledo Board of Realtors had more than 2,000 members before the bottom fell out of the housing market. Today membership is slowly climbing back from a post-recession trough of around 1,100, as interest in a career in real estate ......
Tuesday, July 29, 2014
Househappy raises $2M, parts ways with marketing maven Ekaterina Walter

Househappy raises $2M, parts ways with marketing maven Ekaterina Walter

After raising $1.5 million in November, Househappy, the photo-driven real estate portal that launched in March 2013, has raised more cash, GeekWire reports. The Portland, Oregon-based firm has raised $2 million of a $2.75 million funding round, Geek...
Friday, July 25, 2014
Canada’s highest court staying out of legal battle over Toronto VOW rules

Canada’s highest court staying out of legal battle over Toronto VOW rules

The battle over restrictions imposed by the Toronto Real Estate Board on the display of sold and pending listings by “virtual office websites” continues, after Canada’s highest court declined to get involved this week. Canada’s Competitio...
Friday, July 25, 2014
5 elephants that the real estate industry doesn’t want to acknowledge are in the room

5 elephants that the real estate industry doesn’t want to acknowledge are in the room

Speaking at a California Association of Realtors event, consultant Rob Hahn laid out what he calls “five unspeakables” that real estate industry leaders don’t like to hash out in public: Too much incompetence. Agent teams are the fu...
Wednesday, July 23, 2014
Tougher standards for mortgage insurers could give newcomers an edge

Tougher standards for mortgage insurers could give newcomers an edge

Some private mortgage insurers who have been regaining market share lost to the Federal Housing Administration during the downturn could soon be forced to implement price increases in order to meet risk-based standards proposed by Fannie Mae and Fred...
Tuesday, July 22, 2014
NYC brokerage CORE absorbs Heddings Property Group

NYC brokerage CORE absorbs Heddings Property Group

Douglas Heddings — an exec with Prudential Douglas Eliman and founder of the blog TrueGotham.com before founding his own real estate brokerage, Heddings Property Group — has joined rival Manhattan firm CORE as executive vice president of ...
Tuesday, July 22, 2014
Housing groups accuse Fannie Mae REO contractor of racial discrimination

Housing groups accuse Fannie Mae REO contractor of racial discrimination

The National Fair Housing Alliance and two other civil rights groups have filed a discrimination complaint against Fannie Mae contractor Cyprexx Services alleging that the company failed to properly maintain bank-owned homes in Latino and African-Ame...
Tuesday, July 22, 2014
School enrollment caps hurting housing markets

School enrollment caps hurting housing markets

North Carolina real estate agents say housing markets in parts of Wake County, including Raleigh and Holly Springs, have been feeling the impact of the school district’s decision to cap enrollment at 20 schools as home construction continues to...
Monday, July 21, 2014