Tag Archives: News Brief

Investment firm Marcus & Millichap expands into Montreal

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Marcus & Millichap has acquired Montreal-based McGill Commercial, a move that brings the number of Canadian markets the company operates in to four. Continue reading →

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

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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

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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 →

Keller Williams’ AI assistant Kelle is learning Kung-Fu

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This is the second major upgrade Kelle has gotten since its initial launch in February 2018. In August, Kelle debuted snap, skill that provides a map-based detailed profile of a neighborhood based on borders gleaned from the homeowner social network, N… Continue reading →

Don’t blame baby boomers for surging home prices: Trulia

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Baby boomers have no sway on the affordability of housing in major markets like San Francisco and New York City, according to a new study. Continue reading →

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

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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 →

Returns on home-flipping fall to 4-year low

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In the second quarter of 2018, the average gross return-on-investment (ROI) for flipped homes was 44.3 percent, marking a 3.5 percent decline from the first quarter, and a 5.7 percent decline from this time last year. It’s also a major drop-off from th… Continue reading →

Owners.com adds 3 new home search, property tour features to site

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Tech-focused real estate brokerage Owners.com, which operates in all 50 states, has announced the launch of three, new consumer-facing features for its mobile and desktop websites. Continue reading →