Barron Trump steps into luxury real estate, firm closes after launch

Trump, Fulcher & Roxburgh Capital Inc. was dissolved on Nov. 14, just months after its launch. Roxburgh told “Newsweek” that the decision was made to avoid media attention, but the team plans to relaunch later this year. Continue reading

Go Mortgage and PacRes seek economies of scale in merger

Executives and employees of the combined company will continue to serve a nationwide footprint as Go Mortgage, which is hiring retail branch managers and loan originators. Continue reading

Brookfield Properties said to be acquiring Divvy Homes in ‘fire sale’

Valued at $2 billion in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year. Continue reading

Manufactured homebuilder’s lender draws regulatory scrutiny

Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it should have known borrowers couldn’t repay Continue reading

Rocket accused of using ‘kickback scheme’ to attract more borrowers

The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading

Phoenix Realtors to NAR: ‘We will not withdraw MLS Choice’

Phoenix Realtors rejected the National Association of Realtors’ demand that the association withdraw its MLS Choice membership for non-Realtors. PAR said the MLS Choice is a “legally sound” choice for agents to access the MLS without becoming NAR membe… Continue reading

RE/MAX scores recruiting victories in Arizona, Indiana

A team in Tuscon will now become a franchise known as RE/MAX Horizon, while an ERA franchise in Indiana is rebranding to RE/MAX First Integrity. Continue reading

Compass sees growth spurt in Arizona with addition of North & Co

The addition brings upwards of 200 agents to Compass’ ranks and gives the brokerage a strong position in the state’s luxury market. Compass will also launch new offices in Chandler and Flagstaff in 2025. Continue reading

What does it cost to live near the country’s biggest landmarks?

In some markets, prime real estate close to one of the nation’s leading destinations can be had for as little as $110,000. Elsewhere, it might cost a homebuyer several millions of dollars to live next to their favorite landmark. Continue reading

Why utopias fail and the ‘Ponzi scheme’ of new development

Michael Rodriguez, director of research at Smart Growth America, said that people have been building utopias for millennia, but the best cities are the ones that gradually evolve over time. Continue reading