Tag Archives: News Brief

Victims awarded $12M in flipper scheme repped by HGTV stars

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The Federal Trade Commission (FTC) is distributing $12 million in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC. Continue reading →

Patrick Carroll makes LA court appearance amid felony charge

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Carroll appeared before LA Superior Court judge Francis Bennett II on Tuesday following his July 1 arrest by LAPD and agreed to waive his rights to be present for court dates in the future. Continue reading →

NYC developer, wife part ways with Greenwich Village home for $21.5M

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The multi-family residence sold on July 31 for $21.5 million. The couple purchased the home in 2011 for $12.7 million.  Continue reading →

High mortgage rates cool down prices in these US metros

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Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to a report from CoreLogic. Continue reading →

Opendoor’s revenue declines as losses also grow in second quarter

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The iBuyer’s revenue declined 24 percent year over year to $1.5 billion as losses hit $92 million, down from positive income of $23 million the previous year. Continue reading →

Anywhere’s revenue remains flat during Q2 at $1.7B

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The franchisor’s revenue remained flat year over year as it had to make significant payments during the quarter to address the commission lawsuit settlement and a 1999 tax matter. CEO Ryan Schneider expressed confidence in the company’s ability to navi… Continue reading →

Compass CEO: Clear cooperation is ‘anti-homeowner’

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Robert Reffkin on Wednesday said clear cooperation attaches “negative insights” to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed. Continue reading →

Home prices grew in May as mortgage rates, inventory rose

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The S&P CoreLogic Case-Shiller Index and FHFA House Price Index showed “no relief” for homebuyers hoping for falling home prices as mortgage rates remain elevated. Continue reading →

Lofty unveils LoftyWorks at ICLV

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Real estate software company Lofty is putting its considerable development resources into the apartment market with the release of LoftyWorks. Continue reading →