Tag Archives: News Brief

Ex-HGTV star convicted of fraud sentenced to 4 years in prison

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Charles “Todd” Hill, 58, starred on “Flip It to Win It” in 2013. He has been ordered to pay $9.4 million in restitution for committing real estate fraud. Continue reading →

Coldwell wins St. Louis agent Laura MacDonald back from Compass

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MacDonald is the latest agent to boomerang back from a previous brokerage amid intense competition. In 2023, while an agent at Compass, she closed approximately $20 million in sales volume. Continue reading →

Will lawsuits end 6% commissions? Probably not, 1 law professor says

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A provision in NAR’s settlement barring listing agents from offering buyer agents compensation is “largely symbolic,” USC professor Jordan Barry said Friday at a University of Minnesota conference. Continue reading →

R New York becomes 1st big brokerage to join NAR challenger

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With the addition, roughly 800 agents will boost the American Real Estate Association’s membership by nearly 30 percent to about 3,800 members. Continue reading →

Bay Area rail workers allegedly built secret apartments in train stations

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Two railway workers in the Bay Area are facing felony charges for allegedly building secret apartments in two train stations. Continue reading →

Newcastle Courtyards persists in court challenge to Measure ULA

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The group filed a brief with the U.S. Court of Appeals for the Ninth Circuit, requesting that the court overturn the dismissal of their lawsuit seeking to end the transfer tax on property sales priced $5 million and up. Continue reading →

Spain to eliminate ‘golden visa’ program for foreign investors

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The program, which allows non-European Union citizens who invest at least 500,000 euros in Spanish real estate three years of residency, will soon be eliminated amidst affordability concerns, Prime Minister Pedro Sanchez said. Continue reading →

JPMorgan Chase CEO warns of higher rates, more inflation

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Jamie Dimon thinks interest rates could rise to 8 percent or more. He also said in a new letter that a recession and stagflation could be in the offing. Continue reading →

Blackstone ramps up activity with $10B multifamily acquisition

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The acquisition of AIR Communities marks Blackstone’s largest in the multifamily sector and shows a bullishness in rental housing, as well as a mentality that the commercial market may be bottoming out. Continue reading →