I’m not a Realtor, I just play one on YouTube

I’m not a Realtor, I just play one on YouTube

Derek Johnson promoting “Free List Calgary” on YouTube. The Real Estate Council of Alberta says a man it fined $15,000 last year for allegedly posing as a Realtor is now doing business under a different name, and has been advertising ......
Tuesday, August 19, 2014
Some cities kept gentrifying through the downturn

Some cities kept gentrifying through the downturn

The housing bust brought gentrification in Atlanta to a grinding halt, but the trend continued in other cities including Denver, Minneapolis, Portland, Seattle, and Washington, D.C., researchers with the Federal Reserve Bank of Cleveland conclude. Ci...
Tuesday, August 19, 2014
4 myths about real estate crowdfunding debunked

4 myths about real estate crowdfunding debunked

In a Forbes guest post, RealtyShares CEO Nav Athwal debunks four common misconceptions about real estate crowdfunding: You don’t really own real estate — you own a share of a limited liability company (LLC). It’s not a REIT — ...
Tuesday, August 19, 2014
Overseas investors buying homes from afar and leaving them vacant

Overseas investors buying homes from afar and leaving them vacant

About 30 percent of residential sales in Cambridge, England, are to overseas investors, who sometimes buy homes remotely and never move in, ITV’s Elodie Harper reports. “Properties left empty for investment purposes in order to make a pro...
Tuesday, August 19, 2014
Is Fed tapering when the next recession is just around the corner?

Is Fed tapering when the next recession is just around the corner?

Heritage Capital President Paul Schatz is not somebody you would describe as an “inflation hawk.” Inflation hawks think that the drastic measures taken by the Fed to jolt the nation out of its economic coma — including dialing short...
Monday, August 18, 2014
More poor people living in suburbs than cities

More poor people living in suburbs than cities

In the 1960s and ’70s, “white flight” in cities like Detroit helped concentrate poverty inside the city limits as more affluent residents fled to the suburbs. Today, well-educated job-seekers seeking shorter commutes, walkable commu...
Monday, August 18, 2014
Broker who thought he was bidding on house pays $150K for vacant lot

Broker who thought he was bidding on house pays $150K for vacant lot

Clutching a photo of a home in affluent Marin County, California, real estate broker Jeff Helm was thrilled when he ended up as the winning bidder at an auction of properties in tax default. But after handing over a check for ......
Friday, August 15, 2014
Lawsuit accuses Urban Compass of stealing trade secrets

Lawsuit accuses Urban Compass of stealing trade secrets

New York City-based Urban Compass, a 1-year-old broker that was valued at $360 million in a recent funding round, is being sued for the second time in two months, The Real Deal reports. Rival Citi Habitats claims individuals at Urban Compass’ ...
Wednesday, August 13, 2014
Buyer offers $1.6M in bitcoin for Lake Tahoe home site, seller says ‘yes’

Buyer offers $1.6M in bitcoin for Lake Tahoe home site, seller says ‘yes’

In what could be a new record for a real estate transaction involving bitcoin, an unnamed Silicon Valley entrepreneur has paid the equivalent of $1.6 million for a 1.4-acre home site in Truckee, California. While sellers sometimes offer to accept .....
Tuesday, August 12, 2014
Amerisave paying $19.3M to settle ‘bait-and-switch’ mortgage allegations

Amerisave paying $19.3M to settle ‘bait-and-switch’ mortgage allegations

Atlanta-based online mortgage lender Amerisave Mortgage Corp. and its affiliate, Novo Appraisal Management Co., have agreed to refund $14.8 million to consumers and pay a $4.5 million penalty to settle allegations by the Consumer Financial Protection...
Tuesday, August 12, 2014
2 accused of carjacking real estate agent face murder charges in deaths of 4 pedestrians

2 accused of carjacking real estate agent face murder charges in deaths of 4 pedestrians

Two men who allegedly carjacked a 45-year-old real estate agent at gunpoint in North Philadelphia, took turns sexually assaulting her in the backseat, and then ran over five pedestrians when the car’s tire blew, killing four, have been charged ...
Monday, August 11, 2014
FHA chief leaving to run housing policy group

FHA chief leaving to run housing policy group

Federal Housing Administration Commissioner Carol Galante will step down after less than two years on the job to become a professor at the University of California, Berkeley, and head up a housing policy group there, Bloomberg News reports. HUD’...
Monday, August 11, 2014
FICO credit scores to give less weight to unpaid medical bills

FICO credit scores to give less weight to unpaid medical bills

In a move that could be a boon to first-time homebuyers, Fair Isaac Corp. has said it will make changes in the way FICO credit scores are calculated. FICO scores are used by the vast majority of lenders. Starting this fall, ......
Monday, August 11, 2014
Location, location, location: Malibu mobile home on the market for $3.75M

Location, location, location: Malibu mobile home on the market for $3.75M

Properties in the Malibu, California, mobile home park Paradise Cove — including a trailer that Matthew McConaughey used to call home — “routinely sell” for more than $1 million. A four-bedroom manufactured home in Paradise Pa...
Monday, August 11, 2014
Barron’s likens Zillow, Trulia valuations to dot-com boom realtor.com

Barron’s likens Zillow, Trulia valuations to dot-com boom realtor.com

During the dot-com boom, shares in the company that operates realtor.com were trading for more than $550 after adjusting for a reverse split, Barron’s notes in an article that’s deeply skeptical of Zillow and Trulia’s current valuat...
Monday, August 11, 2014
Fannie and Freddie REO inventory down 45 percent from peak

Fannie and Freddie REO inventory down 45 percent from peak

The number of homes repossessed by mortgage giants Fannie Mae and Freddie Mac and destined to hit the market in the months ahead has fallen by 45 percent from a 2010 peak of more than 241,000 homes. Source: calculatedriskblog.com. At ......
Friday, August 8, 2014
New app rates ‘sketchiness’ of neighborhoods

New app rates ‘sketchiness’ of neighborhoods

An app that’s out to help people steer clear of “sketchy” areas is sparking dismay from critics including ValleyWag’s Sam Biddle, who dismisses the effort as “Smiling young white people make app for avoiding black neighb...
Friday, August 8, 2014
Why Trulia and Zillow won’t become a single search portal

Why Trulia and Zillow won’t become a single search portal

If it closes next year as planned, Zillow’s acquisition of Trulia will give the company more audience, and scale, CEO Spencer Rascoff tells Bloomberg Television’s Trish Regan. “As a media property, we want to have more audience,R...
Friday, August 8, 2014