More people moving into drought-prone areas than out: Study

Roughly $17 trillion worth of property analyzed for the study had experienced intense drought in August, up 42 percent from a year earlier when $12 trillion worth of property had experienced it. Continue reading

3 years after big Newsday exposé, penalties come for brokerages

Keller Williams Greater Nassau, Keller Williams Realty Elite, and Laffey Real Estate will pay $115,000 as part of a settlement, the New York State Attorney General’s Office announced Tuesday. Continue reading

Another home insurer pulls out of Florida as crisis intensifies

United Property Casualty and Insurance Co. announced plans last week to withdraw its home insurance business from Florida, the latest withdrawal of a large-scale home insurer from the state. Continue reading

‘Shrinkflation’ looms as incredible shrinking home hits luxury markets

The size of the typical $1 million home plunged to 2,350 square feet in early 2022 after peaking at 3,021 square feet in mid-2020, according to new data released Tuesday from Zillow. Continue reading

Sotheby’s International Realty shutters 2 California offices

The luxury real estate brokerages offices in Encino and Sunset Strip, both in Los Angeles, will close and merge into other nearby offices, according to a new report. Continue reading

Flexible living startup Landing nabs $125M funding round

The Series C funding round comes amid a spurt of aggressive growth from the company, which claims to have seen its membership increase 380 percent over the past year. Continue reading

Pending home sales post modest decline in July after a rocky June

Pending transactions were down 19.9 percent year over year, but just 1 percent month over month, according to data released Wednesday by the National Association of Realtors. Continue reading

New home sales plummet 29.6% as homebuyers pull back with force

Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6 percent below the levels seen in July 2021, according to data released Tuesday by the U.S. Census Bureau. Continue reading

Knock CRM rounds out executive suite with slate of new hires

The company has tapped Jen Chestnutt as vice president of marketing, Alex Griffis as vice president of product and Jen Jackson as senior vice president of customer success, it was announced Tuesday. Continue reading

Tiny home startup looks to disrupt by building with recycled plastic

Azure Printed Homes uses recycled plastic as its building material. The company said its goal is to develop homes faster, more economically and with much less of an environmental impact. Continue reading