Monthly Archives: April 2024

Putrid garbage house stinks up LA neighborhood

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The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area. Continue reading →

Kentucky, W. Virginia move to ban exclusive, right-to-list agreements

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New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices. Continue reading →

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

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United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren’t shopping around for best deals. UWM dismissed a related lawsuit as “a sham.” Continue reading →

New homeowners plan to spend 40% of income on repairs: Study

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The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equal… Continue reading →

Compass acquires 3,100-agent Gulf Coast giant Latter & Blum

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Latter & Blum has been an indie for more than 100 years and today boasts more than 3,100 agents. The deal pushes Compass into Louisiana and Mississippi for the first time. Continue reading →

Jeff Bezos adds $90M mansion to Miami property portfolio

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The mansion marks the Amazon founder’s third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability. Continue reading →

Troubled WeWork projects savings of $8B through restructured leases

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The bankrupt provider of co-working spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday. Continue reading →

New commission lawsuit in New York may draw FTC attention

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The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied. Continue reading →

On the cusp of capital? Doubts creep in, broker-owners tell Intel

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Brokerage leaders told Intel their faith in improving capital conditions is still alive but weakening. What happens next remains an open question with high stakes for the real estate industry. Continue reading →