Brookfield Properties said to be acquiring Divvy Homes in ‘fire sale’

Valued at $2 billion in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year. Continue reading

Manufactured homebuilder’s lender draws regulatory scrutiny

Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it should have known borrowers couldn’t repay Continue reading

Rocket accused of using ‘kickback scheme’ to attract more borrowers

The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading

Phoenix Realtors to NAR: ‘We will not withdraw MLS Choice’

Phoenix Realtors rejected the National Association of Realtors’ demand that the association withdraw its MLS Choice membership for non-Realtors. PAR said the MLS Choice is a “legally sound” choice for agents to access the MLS without becoming NAR membe… Continue reading

RE/MAX scores recruiting victories in Arizona, Indiana

A team in Tuscon will now become a franchise known as RE/MAX Horizon, while an ERA franchise in Indiana is rebranding to RE/MAX First Integrity. Continue reading

Compass sees growth spurt in Arizona with addition of North & Co

The addition brings upwards of 200 agents to Compass’ ranks and gives the brokerage a strong position in the state’s luxury market. Compass will also launch new offices in Chandler and Flagstaff in 2025. Continue reading

What does it cost to live near the country’s biggest landmarks?

In some markets, prime real estate close to one of the nation’s leading destinations can be had for as little as $110,000. Elsewhere, it might cost a homebuyer several millions of dollars to live next to their favorite landmark. Continue reading

Why utopias fail and the ‘Ponzi scheme’ of new development

Michael Rodriguez, director of research at Smart Growth America, said that people have been building utopias for millennia, but the best cities are the ones that gradually evolve over time. Continue reading

Altman Brothers expand to Arizona with Grigg’s Group partnership

A new boutique luxury brokerage called Grigg’s Group Powered by The Altman Brothers builds on a decade-long relationship the team formed with Paradise Valley-based team leader Scott Grigg, Inman has learned. The firm will serve Paradise Valley, Scottsd… Continue reading

Compass scoops up high-end SoCal boutique brokerage

DPP Real Estate has more than 175 agents and specializes in architecturally significant properties. Moving forward, the firm will be known as DPP @ Compass. Continue reading