Tag Archives: News Brief

It’s significantly harder to buy a home now than it was 1 year ago

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A typical U.S. family in November had more difficulty purchasing an existing family home at the national median price than one year ago, according to NAR. Continue reading →

Prices surging in areas devastated by California’s Camp Fire

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The hottest real estate market in December wasn’t San Francisco, New York City or Seattle. It wasn’t a ski town in Colorado or a warm retreat like Key West. Continue reading →

Zillow will announce winner of $1M Zestimate contest later this month

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On January 30, Zillow plans to reveal the winner of “Zillow Prize” and award $1 million to the team that made the biggest improvements to the accuracy of the Zestimate. Zillow is also awarding $100,000 to the runner-up and $50,000 to the third-place co… Continue reading →

RE/MAX, Keller Williams and a cash buyer among top ranked franchises of 2019

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Other real estate companies that made it onto this year’s list include New Jersey-based Weichert Real Estate Affiliates, ranked 103, California-based Realty One Group, 134, and Florida-based Help-U-Sell Real Estate, 489. Continue reading →

Average multifamily rent grows to $1,419 in US, up 3.2%

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Overall, multifamily rents — for example, a unit in an apartment building – have increased 31 percent since 2011. Rising home values, a strong economy, and growing demand for rental housing have all played a role in this growth. Continue reading →

Lennar accused of manipulating borrower data in new lawsuit

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The largest homebuilder in the country has been hit with a lawsuit accusing it of providing loans to unqualified borrowers. Continue reading →

MLB pitcher donates $9.75M mansion to special needs camp

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The current Chicago Cubs ace recently pitched a perfect real estate game when he gifted his 32,000-square-foot Missouri lakeside mansion. Continue reading →

Coldwell Banker franchises combine to form mega-brokerage

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The Schmidt Family of Companies, a Coldwell Banker franchise based in Traverse City, Michigan, announced Wednesday it had acquired Coldwell Banker Paradise. Continue reading →

Redfin Now is buying homes for cash in Los Angeles

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The company had previously been operating its iBuyer program in other parts of Southern California, including San Diego and Orange County, but also revealed Wednesday that it has closed on 150 homes across the region. Continue reading →