Agent sues client for commission on a house he failed to sell

A Canadian real estate broker sent his former client a bill for thousands of dollars in commission — even after the sale of the house fell through. Continue reading

Agent who ran mortgage fraud scheme gets 6.5 years in prison

A California real estate agent who sold homes with unpaid mortgages to unsuspecting buyers has been sentenced to more than six years in prison. Continue reading

Affording a home mortgage hasn’t been this difficult since 2009

And though still well below the historical average of 21.2 percent, the income-to-mortgage ratio has not been this high since 2009, in the wake of the financial crisis (leading up to it, the income-to-mortgage ratio spiked past 20 percent). Continue reading

Cher’s former Beverly Hills estate can be yours for $68M

Cher’s former Beverly Hills estate is an 11-bedroom wonder full of arched windows, secluded garden paths and stone terraces. Continue reading

How long is that commute? New tool tells you in minutes, not miles

Drive Time, a technology developed by big data company Inrix, lets homebuyers search for properties based on desired drive times and time spent in traffic. Continue reading

Stevie Ray Vaughan’s childhood home sells for less than $160,000

A house that just sold for less than $160,000 has a rich history — it’s the childhood home of legendary blues guitarist Stevie Ray Vaughan. Continue reading

As home prices rise 6.2%, sellers’ confidence grows: CoreLogic

Home prices grew 6.2 percent in July year-over-year, with average single-family homes now commanding $285,700, according to CoreLogic. Continue reading