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
Bankruptcy, foreclosure may prevent broker from leading Florida Realtors

Bankruptcy, foreclosure may prevent broker from leading Florida Realtors

A Broward County broker who was on a path to become the president of Florida’s statewide Realtor association several years from now may end up being derailed by a bankruptcy filing, the Tampa Bay Times reports. The 2013 bankruptcy filing ......
Thursday, August 7, 2014
Study finds incorporating rental history could boost credit scores

Study finds incorporating rental history could boost credit scores

Many borrowers could benefit if lenders took rental history into account when deciding who would make a good candidate for a mortgage or other loans, according to a study from credit bureau Experian. The study focused on nearly 20,000 people in ......
Thursday, August 7, 2014
Applications for real estate licenses surge as housing markets turn

Applications for real estate licenses surge as housing markets turn

As housing markets improve, more people are considering a career in real estate. In 2013, the number of applications for real estate licenses almost doubled in Florida, to 40,901 from 23,863 in 2010, the Associated Press reports. In California, th...
Thursday, August 7, 2014
Zillow CEO: Keep buying ad impressions, we’ll make more

Zillow CEO: Keep buying ad impressions, we’ll make more

Mad Money’s Jim Cramer says he’s worried that Zillow has signed up a lot of agents — could the portal run out of ad inventory? Zillow CEO Spencer Rascoff says the site’s got close to 57,000 paying subscribers (that’s a ...
Wednesday, August 6, 2014
Jumbo mortgages are cheap because banks want to sell other stuff to wealthy borrowers

Jumbo mortgages are cheap because banks want to sell other stuff to wealthy borrowers

If you’ve got great credit, rates on jumbo mortgages are now slightly less than for conforming loans eligible for purchase by Fannie Mae and Freddie Mac. That’s because banks are competing for wealthy consumers because they can sell them ...
Friday, August 1, 2014
Antitrust issues could still kill Zillow-Trulia merger

Antitrust issues could still kill Zillow-Trulia merger

Even if antitrust regulators don’t stand in the way of a merger of real estate search giants Zillow and Trulia, they might impose conditions that would give Zillow cold feet about closing the deal, DealBook reports. Zillow and Trulia have ......
Friday, August 1, 2014
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