Rents rise for 18th consecutive quarter amid tight credit and inventory shortage

Rents rise for 18th consecutive quarter amid tight credit and inventory shortage

The average monthly rent for an apartment has increased for 18 consecutive quarters, as tight mortgage credit, changing preferences among millennials and inventory shortages have combined to continually erode the affordability of units, The Wall Stre...
Wednesday, July 2, 2014
Rental history may soon influence credit scores

Rental history may soon influence credit scores

Landlords aren’t required to report to the three most popular credit bureaus, Equifax, Experian and TransUnion, so years of on-time rental payments don’t necessarily influence first-time homebuyers’ all-important credit scores when ...
Tuesday, July 1, 2014
Global wealthy, lured by privacy and returns, stash cash in NYC real estate

Global wealthy, lured by privacy and returns, stash cash in NYC real estate

For the ultrawealthy, New York City is becoming an investment haven, a place to store cash in a stable commodity with the promise of long-term growth and the opportunity for near anonymity, according to a detailed feature in New York ......
Tuesday, July 1, 2014
Tens of thousands of Detroit homes face foreclosure due to unpaid taxes

Tens of thousands of Detroit homes face foreclosure due to unpaid taxes

In January, the owners of 43,634 properties in Detroit owed the county more than $328 million combined in unpaid taxes and fees, the New York Times reported. Since then, some have paid their debts, entered payment plans or qualified for assistance, ...
Monday, June 30, 2014
South Dakota town for sale for $399K

South Dakota town for sale for $399K

The entire town of Swett, South Dakota, is officially on the market at a list price of $399,000. The buyer who plunks down that chunk of change will get a three-bedroom, one-bath house, a bar, a tire shop, and three ......
Monday, June 30, 2014
Companies with retirement-age CEOs more likely to be acquired

Companies with retirement-age CEOs more likely to be acquired

Companies with older CEOs are significantly more likely to be successfully taken over than companies with younger leaders, according to a study conducted by researchers at the Stanford and Dartmouth graduate business schools. The researchers looked a...
Monday, June 30, 2014
Broker hands drone to new hire, says learn how to use it

Broker hands drone to new hire, says learn how to use it

“The drone invasion of Memphis has begun,” reports the Memphis Business Journal’s Ryan Poe, in a story detailing how Colliers International Memphis CEO Andy Cates has plunked down $2,000 on a DJI Phantom-series drone and handed it t...
Friday, June 27, 2014
High-rise ‘peeping Tom’ drone was taking pictures for developer

High-rise ‘peeping Tom’ drone was taking pictures for developer

A Seattle woman who thought she had enough privacy to be “walking around indecent” in her 26th-floor apartment on a Sunday was startled when a drone appeared outside her window. Turns out — after the woman’s concierge called t...
Thursday, June 26, 2014
Househappy hires social marketing heavyweight Ekaterina Walter

Househappy hires social marketing heavyweight Ekaterina Walter

Ekaterina Walter — considered one of the nation’s top social marketers — discovered Househappy and its CEO Kevin McCloskey on Twitter. “After some real-life lunches, Walter started consulting with the company” before tak...
Wednesday, June 25, 2014
Broker-owned portal to launch in Australia

Broker-owned portal to launch in Australia

Some major real estate networks, independent brokerage firms and franchise groups are joining forces in an effort to combat the influence of Australia’s top public listing portal, Real Estate Business reported. The portal’s name and offi...
Tuesday, June 24, 2014
Millennials a good long-term bet for homeownership

Millennials a good long-term bet for homeownership

Education may be a double-edged sword to millennials saddled with student loan debt, but over the long term that education will help them fulfill their dreams of homeownership, according to about a dozen economists and housing analysts interviewed by...
Tuesday, June 24, 2014
Google’s Nest acquires home monitoring startup Dropcam for $555M

Google’s Nest acquires home monitoring startup Dropcam for $555M

Nest, a company that was acquired by Google earlier this year for $3.2 billion, is set to acquire home monitoring camera startup Dropcam for $555 million. Nest, which makes smart thermostats and smoke detectors, says it is buying Dropcam on its ......
Monday, June 23, 2014
3 major real estate forecasters turn bearish

3 major real estate forecasters turn bearish

Declining affordability, waning demand from investors and tight credit are among the headwinds that are tripping up the housing recovery, Bloomberg reports. Amid lackluster readings from housing barometers, Fannie Mae, Freddie Mac and the Mortgage B...
Friday, June 20, 2014
IPO values UK property search portal Zoopla at $1.6B

IPO values UK property search portal Zoopla at $1.6B

Zoopla Property Group Ltd., operator of property portals that include Zoopla.co.uk and Primelocation.com, could end up raising more than $600 million in an initial public offering that values the company at nearly $1.6 billion, The New York Times rep...
Thursday, June 19, 2014
Supreme Court ruling raises the bar for software patents

Supreme Court ruling raises the bar for software patents

In what Politico is calling “a small win for companies like Google, Apple and Microsoft,” the Supreme Court has ruled that simply turning an abstract idea into computer code doesn’t mean you have a patentable invention. But the deci...
Thursday, June 19, 2014
$1B SunTrust mortgage settlement highlights weaknesses in FHA underwriting

$1B SunTrust mortgage settlement highlights weaknesses in FHA underwriting

A $968 million government settlement with SunTrust Banks that will provide $500 million in relief to underwater borrowers highlights flaws in the bank’s underwriting of FHA loans that continued into 2012, The New York Times reports. SunTrust gr...
Wednesday, June 18, 2014
We’re in a startup bubble, but it may take a few years to burst

We’re in a startup bubble, but it may take a few years to burst

Tech “is where smart money went after houses went out of style a few years ago” and, for now at least, “there are plenty of insane ideas still getting funded.” But “we’re in a bubble and the market is overheated. ......
Wednesday, June 18, 2014
DocuSign, Redfin make CNBC’s ‘Disruptor 50′ list

DocuSign, Redfin make CNBC’s ‘Disruptor 50′ list

DocuSign and Redfin have been named to CNBC’s second annual “Disruptor 50” list, and while he’s in plenty of good company, Redfin CEO Glenn Kelman — who is thought to be paving the way for an IPO — can’t be ...
Tuesday, June 17, 2014