Real estate news

• Real estate social network nets funding, set to launch in November - Inman.com

  07-04-2015 23:13
  
  Real estate social network nets funding, set to launch in November
  Inman.com
  Relola, a new real estate-specific social network, has raised $320,000 to get its platform off the ground. The network aims to reach $750,000 in fundraising dollars by June 1. The site, which is set to launch in November, claims it will help agents ...
  
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• Realogy’s NRT acquires Coldwell Banker United, Realtors

  07-04-2015 23:04
  
  NRT LLC, the largest residential real estate brokerage company in the United States and a subsidiary of Realogy Holdings, announced the acquisition of Coldwell Banker United, Realtors in Texas, Florida, North Carolina and South Carolina.
  
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• Tune into the live debate on Select Live this Friday at 10 am PDT at Inman.com - Inman.com

  07-04-2015 22:58
  
  Tune into the live debate on Select Live this Friday at 10 am PDT at Inman.com
  Inman.com
  Challenged by a new generation of supersonic agents and powerful consumer portals, many real estate brokers are scrambling to re-think, tweak and modify their business models. Live from Seattle, Select Live will host a debate among five Northwest real ...
  
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• S&P upgrades Rushmore Loan Management Services’ rating

  07-04-2015 22:47
  
  Rushmore Loan Management Services, a residential mortgage loan servicer, is performing well in the market, starting with Standard & Poor’s raising its special servicer rating.
  
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• Tom Cruise listing $13M Hollywood villa?

  07-04-2015 22:20
  
  Variety is reporting that a villa estate in the Hollywood Hills believed to belong to Tom Cruise is up for sale now, and the asking price is $13 million. Is the price a little risky...oh no. We just can't. It's impossible. We hope it sells...fast and furious? Read on.
  
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• Second look: Home price surge unlikely to last

  07-04-2015 22:09
  
  While the early February reports on home price appreciation seem to suggest a hot market, analysts say it won’t last. Here’s why.
  
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• Real estate developers are wary of changes as expiration looms for popular tax ... - Crain's New York Business

  07-04-2015 22:06
  
  Real estate developers are wary of changes as expiration looms for popular tax ...
  Crain's New York Business
  Real estate executives said they are being left in the dark when it comes to the details being hashed out by the de Blasio administration for a revised 421-a program. Article; Comments. Print; Email; Reprints; Comment. By Daniel Geiger. April 7, 2015 ...and more »
  
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• 10 qualities of a stellar real estate coach - Inman.com

  07-04-2015 21:02
  
  10 qualities of a stellar real estate coach
  Inman.com
  Our coaching organization is growing rapidly — which means that a lot of our time lately has gone to interviewing potential coaches. We've had a ton of qualified applications, and even more questions about what being a coach is all about from agents ...
  
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• BSI Financial SVP Jerry Azure passes away at 48

  07-04-2015 20:42
  
  Jerry Azure, who was senior vice president of all loan servicing at BSI Financial Services, passed away this past week at the age of 48. The funeral will be held Saturday, April 11, 2015, at 11 a.m. at Flower Mound Family Funeral Home.
  
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• RealtyTrac names Michael Sawtell executive vice president

  07-04-2015 20:19
  
  In this role, Sawtell is tasked with expanding the company’s suite of consumer products while increasing consumer awareness and demand, RealtyTrac said in a release.
  
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• D-Day arrives for Zillow and ListHub

  07-04-2015 19:51
  
  After battling it out in the public, in the press and in the courts for months, the tumultuous relationship between the Zillow Group and Move is mere hours or perhaps even minutes from being over. Online real estate’s D-Day is finally here.
  
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• Fannie Mae: Buyers hesitant to join spring homebuying season?

  07-04-2015 19:37
  
  Right as the housing market enters the spring homebuying season, it turns out that buyers might not be ready to commit to homeownership. What's holding them back?
  
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• Coldwell Banker affiliate purchased by national real estate giant - Chron.com (blog)

  07-04-2015 19:04
  
  Chron.com (blog)
  Coldwell Banker affiliate purchased by national real estate giant
  Chron.com (blog)
  Coldwell Banker United, Realtors — including 19 offices and more than 600 agents in Houston — has been acquired by real estate giant NRT LLC, the companies announced Wednesday. In all, the acquisition gives Madison, N.J.-based NRT 60 new offices ...
  Coldwell Banker affiliate sold to national real estate firmCharleston Post Courier
  N.J. real estate company makes major Texas investmentSan
  
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• How The Under 30 Network Scored $15 Million For Placester's Real Estate Tech - Forbes

  07-04-2015 17:46
  
  Forbes
  How The Under 30 Network Scored $15 Million For Placester's Real Estate Tech
  Forbes
  When Krishna Gupta made the 30 Under 30 list in venture capital in Jan., one of the first names that stood out to the Romulus Capital cofounder was Chetan Puttagunta, the young investor at New Enterprise Associates who'd fought his way to partner in ...
  Online real estate startup Placester adds $15M, plans to double staffBetaBoston
  Placester Raises $15 Million to Polish Real-Estate Agents' Web
  
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• Mortgage credit availability creeps up in March

  07-04-2015 17:31
  
  Mortgage credit availability rose in March, but what was the driver? The Mortgage Bankers Association explains where the increase came from, and what it means.
  
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• Real estate agent platform Placester secures $15M investment

  07-04-2015 16:53
  
  Placester closed a $15 million financing round, bringing the total investment in the company to $22 million. This opens the door to a lot of potential growth in the company, including hiring quite a few new employees.
  
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• Commercial Real Estate Values Could Fall 19 Percent If Economy Improves - Huffington Post

  07-04-2015 16:49
  
  Huffington Post
  Commercial Real Estate Values Could Fall 19 Percent If Economy Improves
  Huffington Post
  2015-04-06-1428333761-2870457-762955_76171991.jpg The news last month that Chicago's Willis Tower is selling for $1.5 billion suggests that the muscular former Sears Tower is now a 108-story bubble on the city's skyline. The sale price sets a new ...and more »
  
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• CoreLogic: February home price growth slowed to 1.1% from January

  07-04-2015 13:15
  
  Home prices continue to grow, albeit at a subdued pace, making for a solid spring season in those terms. But with prices vastly outracing wage growth, is a storm brewing?
  
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• Blackstone Group, America's No. 1 homeowner, is changing the real estate ... - Inman.com

  07-04-2015 10:03
  
  Blackstone Group, America's No. 1 homeowner, is changing the real estate ...
  Inman.com
  America's No. 1 homeowner is not an owner-occupant, but one of the world's largest and most successful private equity companies — Blackstone Group. With almost 50,000 homes acquired since 2012, it is fair to say that no single entity in history has ...
  
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• Roanoke City Council shuns real estate tax increase, favors new garbage fee - Roanoke Times

  07-04-2015 03:02
  Roanoke Times
  Roanoke City Council shuns real estate tax increase, favors new garbage fee
  Roanoke Times
  Roanoke City Manager Chris Morrill suggested a fee of $5 to $7 per month per city-issued blue trash container after realizing Roanoke is rare if not unique among Virginia's larger cities in not charging a solid waste collection fee. Salem added a $7 ...and more »
  
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• 1980s Celebrity Real Estate - Curbed LA

  07-04-2015 02:47
  1980s Celebrity Real Estate
  Curbed LA
  Is this Century City condo tower designed by Robert AM Stern a 42-story magnet that attracts women who were deeply important in the 1980s? All the evidence seems to suggest: possibly. Bisnow claims that stars are "flock[ing]" to the building, which is ...
  
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• Home prices sizzle in a real estate seller's market - TheNewsTribune.com

  07-04-2015 01:41
  Home prices sizzle in a real estate seller's market
  TheNewsTribune.com
  Prices are up, inventory is down and real estate officials seem stretched as they attempt to find the sturdiest metaphors to describe a sizzling seller's market. The combined median price for residential homes and condominiums in Pierce County rose 7 ...and more »
  
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• Arvest analyst: Real estate pendulum swings to 'purchase market' - Arkansas News

  07-04-2015 01:24
  Arkansas News
  Arvest analyst: Real estate pendulum swings to 'purchase market'
  Arkansas News
  Although construction declined for Fort Smith in January, the city remained on top of the Arkansas Tech Business Index for that month thanks to high retail sales figures and strong labor force participation. Sponsored by Arvest Bank, the Arkansas Tech ...and more »
  
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• Lindy Andeel, longtime Wichita real estate broker and investor, dies - Kansas.com

  07-04-2015 00:27
  
  Kansas.com
  Lindy Andeel, longtime Wichita real estate broker and investor, dies
  Kansas.com
  Much of Lindy Andeel's handiwork can be seen in the landscape stretching along East and West Kellogg, along Rock Road and West Street, but really throughout the city of Wichita. He is perhaps best known as the longtime owner of the Scotch & Sirloin ...
  
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• DBRS: The future is bright for jumbo mortgage bonds

  07-04-2015 00:25
  
  Despite a drop in the number of prime jumbo residential mortgage-backed securitizations from 2013 to 2014, several trends are beginning to emerge that show the future of jumbo mortgage bonds is strong, DBRS said in a new report.
  
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• Freddie Mac to sell actual loss position in new STACR deal

  07-04-2015 00:01
  
  Freddie Mac is preparing to break new ground in its credit risk-sharing deals by offering investors something that they’ve been unable to get their hands on until now — exposure to actual losses on mortgages.
  
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• What Calif.'s Drought Could Mean for Housing

  07-04-2015 00:00
  Lawmakers have called for unprecedented measures to curb residents' water consumption in California due to a severe drought, and the move...
  
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• Home Prices Heat Up for Spring

  07-04-2015 00:00
  "This is the hottest home price appreciation prior to the spring selling season in nine years," according to a new index. 
  
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• A Cost-Saving Move for 7.1M Owners

  07-04-2015 00:00
  An estimated 7.1 million home owners could benefit from refinancing their mortgage and reduce their monthly mortgage payments.
  
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• 4 Million Missing Mortgages, Study Says

  07-04-2015 00:00
  Getting a mortgage became so difficult during 2009-2013 that millions of potential home buyers were shut out of the market. One agency has put an...
  
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• $1B in Mortgages Milestone for Navy Federal

  07-04-2015 00:00
  The world's largest credit union announced that its mortgage closings surpassed $1 billion in March, its best month ever. 
  
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