In 3 months, spending on new home construction fell by 9%

August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436 billion, a 2.9 percent fall from July, according to U.S. Census Bureau data released Monday. Continue reading

Massachusetts broker gets 2.5 years for $1.8M homebuyer scheme

The U.S. District Court of Massachusetts sentenced broker Michael Flavin to 30 months in federal prison for manipulating homebuyers into signing $1.8 million in fraudulent contracts, according to The Real Deal on Sunday. Continue reading

BidMyListing secures $15M in additional funding, $20M to date

The company provides a conduit for real estate agents to bid money upfront for the opportunity to list properties. Funds provided will go to general growth initiatives, according to a statement. Continue reading

Los Angeles real estate developer arrested in murder-for-hire plot

L.A.-based developer Arthur Aslanian has been arrested for attempting to hire a hit man to kill a banker and an attorney that he collectively owed about $3.25 million, the Los Angeles Times reported on Friday. Continue reading

MoveEasy’s latest update makes the livin’ easy

MoveEasy is not just a list of area phone numbers and vendor websites, it’s fully integrated as a reseller of utilities, security system providers, landscapers, internet providers and pretty much everything a person needs to ensure a smooth move. Continue reading

Divvy Homes slashes 12% of staff as rates continue to climb

The company, valued at $2 billion as of August 2021, has reduced its employee count by 40 people, the latest in a run of real estate companies that have enacted layoffs. Continue reading

Chime rings in United Kingdom with Rentancy acquisition

Real estate marketing software company Chime acquired UK firm Rentancy to expand into the rental and property management market. Continue reading

Opendoor expands rapid preapproval app to 3 new states

Once only available in California, the expansion will see the Opendoor Finance App available in Texas, Arizona and Georgia, promising consumers preapproval letters in 60 seconds or less. Continue reading