Renters sue, allege property tax system violates Fair Housing Act

Renters sue, allege property tax system violates Fair Housing Act

A property tax system in which one- to three-family homes pay a lower effective tax rate than apartment buildings violates the Fair Housing Act, alleges a lawsuit filed by two New York City renters. The plaintiffs, Rosa Rodriguez and Ernest ......
Monday, June 16, 2014
Using old, insecure software could violate Realtor Code of Ethics

Using old, insecure software could violate Realtor Code of Ethics

Agents and brokers who insist on using software that is vulnerable to security breaches are violating the Realtor Code of Ethics, according to security consultant Matt Cohen. The code requires Realtors to preserve confidential information provided by...
Friday, June 13, 2014
Study suggests ‘patent troll’ litigation stifles billions in startup funding

Study suggests ‘patent troll’ litigation stifles billions in startup funding

Over the last five years, venture capital investment in startups would have likely been $22 billion higher were it not for patent infringement lawsuits lodged by “patent assertion entities,” according to a study by MIT professor Catherine...
Thursday, June 12, 2014
Nearly half of big broker websites are insecure

Nearly half of big broker websites are insecure

After hearing that a multiple listing service website was serving up malware to visitors, security consultant Matt Cohen took a look at the websites of the top 50 largest MLSs by subscriber count and top 50 largest brokers by transaction ......
Wednesday, June 11, 2014
Which states have the highest and lowest shares of Realtors?

Which states have the highest and lowest shares of Realtors?

Since 1980, Realtors have made up 0.7 percent of the total workforce, on average, according to National Association of Realtors research economist Danielle Hale. But that percentage is not the same for all states. Over the past 34 years, either ......
Wednesday, June 11, 2014
Lowe’s to build 3-D virtual reality rooms for remodeling

Lowe’s to build 3-D virtual reality rooms for remodeling

Lowe’s, the second-largest home improvement store in the nation, has come up with an idea designed to lure shoppers offline and into their stores: 30-by-30-foot virtual reality rooms that allow customers to view a 3-D representation of their re...
Wednesday, June 11, 2014
Many young adults would bank with Google, Amazon, Apple

Many young adults would bank with Google, Amazon, Apple

Banks could be the next business sector to face disruption from nontraditional rivals, if a new study from Accenture is any indication, writes RealtyTrac’s Peter Miller. According to the study, nearly half of consumers said they would likely b...
Wednesday, June 11, 2014
NAR says membership back in line with historical trend

NAR says membership back in line with historical trend

Membership in the National Association of Realtors can swing pretty wildly. Lots of people get into real estate when times are good, and leave when they’re bad. During the housing boom, NAR picked up nearly 600,000 members, with the Realtor .....
Monday, June 9, 2014
ZipRealty: Votes against chairman’s re-election unrelated to nondisclosure agreement

ZipRealty: Votes against chairman’s re-election unrelated to nondisclosure agreement

ZipRealty board Chairman Donald Wood was re-elected Thursday with 8.2 million votes, but 4 million votes were also cast against him as the company’s accumulated deficit climbed to $136.7 million as of the end of the first quarter, the San Fran...
Monday, June 9, 2014
Buyer’s agent ‘lost count of number of homes he burglarized’

Buyer’s agent ‘lost count of number of homes he burglarized’

A Georgia real estate agent has been sentenced to 20 years in prison after admitting that he used lockbox codes to enter listings and burglarize homes, stealing jewelry and other items. Ray Glen Greene — originally licensed in Georgia in ......
Monday, June 9, 2014
Roadblocks to homeownership have denied blacks a path to the middle class

Roadblocks to homeownership have denied blacks a path to the middle class

It’s often said that homeownership is one of the best tools that members of the working class have at their disposal to accumulate wealth. It’s said so often — usually by people who have an interest in selling or financing ......
Friday, June 6, 2014
Uber, on-demand economy, get $18.2B vote of confidence

Uber, on-demand economy, get $18.2B vote of confidence

Uber, the hot ride-sharing service that’s inspiring the real estate industry with its on-demand and location-based business model, closed a $1.2 billion funding round this week that brings the firm’s valuation to $18.2 billion. By utilizi...
Friday, June 6, 2014
Agent and broker jobs down 24 percent from peak as listing portals grow

Agent and broker jobs down 24 percent from peak as listing portals grow

Construction and real estate-related jobs have declined 19 percent overall since the recession began, but at least one sector is doing exceptionally well: real estate escrow, listing, fiduciary and other services. The number of jobs in that sector fe...
Friday, June 6, 2014
Facebook argues dialing down organic reach has been good for brands

Facebook argues dialing down organic reach has been good for brands

Facebook caused a stink in 2012 when it limited the free (“organic”) reach of page posts by brand pages to 16 percent of total audience. Since then, organic reach for brand pages has shrunk to just 6 percent, on average ......
Friday, June 6, 2014
Why Zillow will spend $65 million on advertising this year

Why Zillow will spend $65 million on advertising this year

Zillow got to be biggest name in real estate search “without spending a dollar on advertising,” says Chief Marketing Officer Amy Bohutinsky. So why did the company spend $40 million on advertising last year, and up that outlay to $65 ......
Friday, June 6, 2014
Google and Apple’s smart home rivalry could create headaches for consumers

Google and Apple’s smart home rivalry could create headaches for consumers

Apple and Google are both toiling away on smart home technology in an effort to establish themselves as leading providers of the devices and platforms that’ll allow homeowners to control their homes remotely in the future, Mashable reports. But...
Friday, June 6, 2014
Wall Street vets cleaning up as real estate agents

Wall Street vets cleaning up as real estate agents

Some Wall Street executives have left their high-paying jobs to sell luxury real estate, The Wall Street Journal reports. Leveraging their expertise on topics like trust law and tax shelters, some of these ex-bankers are able to bring home just as ...
Friday, June 6, 2014
Realogy now part of the Fortune 500

Realogy now part of the Fortune 500

Real estate brokerage and franchise giant Realogy Holdings Corp. has been named to the Fortune 500 list. This year, Fortune magazine ranked Realogy as the 476th-largest U.S. firm by revenue, up from its spot at 512 last year. The company’s ......
Tuesday, June 3, 2014