High-net-worths find safe harbor in real estate: Sotheby's Realty
A steady course is predicted for luxury real estate through year's end, the firm's mid-year luxury report said, creating 'compelling opportunities for strategic homebuyers and sellers'
by Lillian Dickerson Jun 25
Ex-First American CEO entitled to $18M following cruise ship brawl
First American Financial Corp. terminated CEO Kenneth DeGiorgio 'without cause' on April 10 after authorities charged the title insurance veteran with misdemeanor assault aboard a cruise
by Richelle Hammiel Apr 22
First American CEO Ken DeGiorgio terminated, new CEO named
First American Financial Corporation has appointed Mark E. Seaton as its new CEO, just weeks after former CEO Kenneth DeGiorgio was charged with misdemeanor assault
by Richelle Hammiel Apr 15
First American CEO accused of choking barefoot cruise passenger
Kenneth DeGiorgio now faces an assault charge following an incident aboard the Virgin Voyages Resilient Lady cruise ship. The FBI complaint accuses him of choking and threatening a passenger
by Richelle Hammiel Apr 4
Existing-home sales dip in January but maintain annual growth
Existing-home sales fell 4.9% in January to a seasonally adjusted rate of 4.08M. Despite the month-over-month decline, sales were still 2% higher than a year ago
by Richelle Hammiel Feb 21
Home prices hit new highs in 2024. These 2 factors could ease the pain 
Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall
by Matt Carter Jan 2
Forecasters see strong economy keeping a lid on 2025 home sales
According to Inman's 2025 economic outlook, a soft landing for the economy would mean home prices keep rising and mortgage rates settle in at around 6%, with sales varying widely by region
by Matt Carter Dec 30
Title insurer First American Financial is hackers' latest target
The nation's 2nd biggest title insurer issues terse statement saying it's taken some systems offline. Ransomware group Blackcat has infiltrated more than 1,000 computer networks
by Matt Carter Dec 21
Gavel over one hundred dollar bills represents Newrez' settling a complaint
The $4.5M agreement follows similar settlements with 'big four' title insurance underwriters Fidelity National Financial, Old Republic National Title Insurance and Stewart Title Guaranty
by Matt Carter Oct 30
Title tech provider Flueid raises $10M in Series B1
Round led by existing investor Aquiline Technology Growth will allow Flueid to add more integrations to its verification of title solutions suite and refine its purchase solution
by Matt Carter Aug 10
Offerpad lost $24K on every home sold in Q4 as losses hit record high
Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1M fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday
by Matt Carter Feb 22
Offerpad buys more time with $90M raise as end of runway approaches
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
by Matt Carter Feb 1
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
Title tech provider Flueid announces $15M Series B raise
Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365M fund, Aquiline Technology Growth Fund II, back in May
by Matt Carter Oct 11
'Big four' title insurers take market share away from independents
As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw premiums written drop by 18.4% from a year ago
by Matt Carter Sep 30