Tag Archives: News Brief

Revolution RE to use $3M in VC to empower landlord business data

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The data aggregation and workflow automation company Revolution RE received a relatively modest monetary injection of $3 million. Continue reading →

Buyers of new homes spend double on 1st-year improvements: Analysis

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Hidden costs loom large for buyers in the first year of homeownership, and, surprisingly, that can be even more true with a new build, according to the National Association of Homebuilders. Continue reading →

Sales declines, price drops and the return of buyer incentives: Oh my!

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It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey. Continue reading →

What are the odds of a housing bubble? 114 experts weigh in

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More than 100 housing experts surveyed by Zillow generally agreed that housing prices won’t face a big downturn. But a mild recession may be in play later this year or in 2023, they believe. Continue reading →

Real estate agents received billions in PPP loans during the pandemic

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More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Continue reading →

Amid market jolt, hiring continues in residential development sector

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Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures. Continue reading →

Panthers owner seeks bankruptcy protection for his real estate firm

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A real estate LLC operated by David Tepper, the richest owner of an NFL team, filed for Chapter 11 after an $800 million project fell through. Continue reading →

Opendoor aims for 2-minute pre-approvals with new app

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The new app combs through data and comes up with a maximum price a consumer should be able to afford. Opendoor believes the process will be faster and easier for consumers than traditional pre-approvals. Continue reading →