Is Purplebricks on the verge of being taken over?

Berlin-based Axel Springer publishes a number of European newspapers and also owns U.S.-based website Business Insider and its offshoots. The company previously invested $177 million in Purplebricks, which was used to fund the brokerage’s expansion bey… Continue reading

Vacation rental industry heats up with iTrip Vacations expansion

The newly added iTrip properties are scattered across a handful of coastal Florida communities including Palm Beach Gardens, Fort Pierce, Juno Beach, Jupiter, Stuart, Hutchinson Island and Port St. Lucie. The properties will be operated as part of a ne… Continue reading

A new ‘uniform’ for Fannie and Freddie aims to help homebuyers, investors

Though relatively obscure among most consumers, the project to create the UMBS has been in the works since at least 2012. Officials have already been prepping investors for the launch of the combined TBA market for months, and during Monday’s phone cal… Continue reading

Inside the app that lets Uber drivers scout homes to flip

Dealmachine works directly with real estate investors, who pay a monthly fee beginning at $49 for the service. Those investors then procure their own drivers. Continue reading

Metaprop is raising $100M real estate tech fund

This will be the third fund for the venture capital firm, which previously has invested in technology related to everything from AI to property management and appraisals. Continue reading

An epic fall from grace: Realogy’s total stock collapse

NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. They are also shedding more and more poor perfo… Continue reading

Trulia founder Pete Flint’s venture firm NFX raises $275M

NFX splits its investments equally between business-to-business companies and business-to-consumer companies, but said that out of 3,000 firms seeking money this year it will ultimately only fund 0.5 percent. Continue reading

Where the billionaires are concentrated

While the census doesn’t name individual billionaires or their ventures, these trends toward tech-centric business creation certainly include the founders of high profile Bay Area companies such as Facebook and Google. It’s also unsurprising, then, tha… Continue reading