Tag Archives: News Brief

Home prices grew in May as mortgage rates, inventory rose

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The S&P CoreLogic Case-Shiller Index and FHFA House Price Index showed “no relief” for homebuyers hoping for falling home prices as mortgage rates remain elevated. Continue reading →

Lofty unveils LoftyWorks at ICLV

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Real estate software company Lofty is putting its considerable development resources into the apartment market with the release of LoftyWorks. Continue reading →

Commercial market bottom nears as foreclosures surge

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Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5 billion during the second quarter of 2024, the highest quarterly figure posted since 2015, according to MSCI. Continue reading →

Bulletproof Ohio home goes under contract after multiple offers

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The home was listed for $399,900 over two weeks ago. Listing agent Jon Modene refers to the home as having “the strangest and greatest potential I have ever seen.” Continue reading →

Big brand marketing platform SOCi is the latest to join MoxiCloud

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Real estate software company MoxiWorks has been building its 150-plus member MoxiCloud network for years to help users solve challenges its products may not address. The latest to be selected is SOCi, a powerful online marketing solution. Continue reading →

Douglas Elliman, Side execs knew of Alexander bros, sources claim

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New reports from “The New York Times” and “The Wall Street Journal” suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms. Continue reading →

Homes are sitting on the market longer amid high costs: Redfin

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Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020. Continue reading →

Cost of insurance, property tax top triggers of mortgage delinquencies

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Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com. Continue reading →

Former Burger King CEO snags $17M Emory Roth penthouse

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Daniel Schwartz, former chief executive of Burger King, stepped away from the fast-food giant in 2019. Now, he’s stepping into a $17 million penthouse. Continue reading →

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

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OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading →