Splitero expands equity-sharing service into Colorado, Washington
The expansion comes as 85% of homeowners with a mortgage have a rate far below the current 7% yet high equity in their home. Splitero said expansion plans will continue in other states in 2023
by Taylor Anderson Oct 25
Homebuyers/sellers wanting to live in legal abortion states spikes to 19%
As states' laws on subjects like abortion rights and gender-affirming care for children have changed in the last year, consumers take a harder stance this year on where they consider living
by Lillian Dickerson Sep 27
Redfin launches in Hilton Head, South Carolina
In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95% of the US population
by Lillian Dickerson Sep 22
Mortgage relief operation allegedly bilked homeowners out of $6.3M
Los Angeles-based operation allegedly promised to help hundreds of distressed homeowners negotiate with lenders to lower their interest rates, monthly payments or principal amounts
by Matt Carter Sep 20
Zillow accused of 'wiretapping' homebuyers' visits to its website
The suit, 1 of several filed this month against the real estate search portal on similar grounds, argues Zillow is breaking the law by recording the way consumers interact with its websites
by Jim Dalrymple II Sep 14
With East Coast merger, United Real Estate adds 1,000 agents
Five years ago, Pearson Smith Realty had only 17 agents. It has since grown to conduct $4.1B annually in real estate transactions
by Daniel Houston Jul 22
Northwest MLS eliminates broker commission sharing as default
Effective Oct. 3, NWMLS's forms will specify that buyer broker compensation will come directly from sellers and offer new options for how listing agents and buyer agents will be paid
by Andrea V. Brambila Jul 22
The 10 most stable housing markets in the United States, ranked
The US housing market and economy at large have endured a blizzard of rising home prices and climbing mortgage rates. But take shelter from the storm with these financially sound markets
by Lillian Dickerson Jul 19
New search engine helps buyers span digital divide in rural areas
Broadband service remains a challenge for large swaths of America. Rural internet service is a key part of the Biden administration's $1.2T infrastructure bill, in which it was allotted $65B
by Craig C. Rowe Jul 18
Shared equity platform Point enters Nevada, Ohio as part of larger plan
Homeowners in 18 states and Washington, D.C. can tap up to $500,000 in home equity by selling a share of their future home price appreciation to investors
by Matt Carter Jul 14
CoreVest gearing up to make more bridge loans to flippers
Parent company Redwood Trust closes deal to acquire Portland, Oregon-based bridge loan provider Riverbend Funding LLC
by Matt Carter Jul 5
Remote work's impact on real estate will linger — possibly forever
The CEO of IBM, which employs hundreds of thousands of people, recently described remote work as 'the new normal.' And that translates to permanent changes to the housing market
by Jim Dalrymple II Jun 30
Better parts ways with second head of real estate in 4 months
The embattled mortgage company confirmed it had let go of Chad Walker shortly after 3 other executives have recently departed. Nick Taylor will replace Walker as head of the division
by Taylor Anderson Jun 29
Homebuyers 'win with cash' as Homeward launches on West Coast
The company, which provides cash backing to homebuyers, will now operate in both Oregon and Washington, bringing the total number of states in which Homeward operates to 7
by Jim Dalrymple II Jun 28
Home flipper activity jumps, while profitability plummets
Slowdown in bidding wars is 'having a predictable impact on profit margins for investors,’ said Rick Sharga, executive vice president of market intelligence from Attom, in the latest report
by Taylor Anderson Jun 22