Real Estate News

NAR Asks Court To Scrap Broker’s Suit Over Listing Agent Omission

March 02, 2022

The trade group calls out broker Grady Hillis for “repetitive and confusing allegations” in his nearly 1,300-page amended complaint, which seeks $1.18 billion in punitive damages. The National Association of Realtors is asking a federal court to throw out a lawsuit filed by an Arizona real estate broker alleging antitrust violations over rules regarding listing […]

Home Inspections For HOAs: InspectHOA Lands $3.1M In Funding

InspectHOA, a startup that helps lenders, title companies and iBuyers streamline the cumbersome process of evaluating homeowner’s associations, has landed $3.1 million in a seed funding round led by SVQuad. Launched in 2020, InspectHOA’s founders say they’re already facilitating thousands of transactions per month for clients that include Better, EasyKnock, Endpoint, Homeward and Spruce. Most […]

Is Mark Willis A Priceless Gem? Keller Williams Seems To Think So

Despite legal wrangling and a Texas judge’s decision to uphold and extend a temporary restraining order, Brad Inman predicts Mark Willis will be the chief executive officer of eXp Realty by St. Patrick’s Day. A 24-carrot legal brawl is unfolding in the New York courts over LVMH-owned luxury jeweler Tiffany & Co. poaching a former […]

Americans Relocated In Droves Last Year. But Overall They’re Staying Put

In 2021, the typical American homeowner stayed in his or her home for 13.2 years, in part due to the ongoing inventory shortage, according to data released Wednesday by Redfin. Homeowner tenure flattened in 2021 as an estimated 27.1 million Americans relocated due to lower interest rates and the flexibility of remote work, according to […]

United Wholesale Mortgage Sees Erosion In Profit Margins Firming

The nation’s biggest wholesale mortgage lender released Q4 and full 2021 earnings, revealing it originated a record $226.5 billion in mortgages last year, up 24 percent from 2020. But net income was down 54 percent to $1.57 billion. The nation’s biggest wholesale mortgage lender, United Wholesale Mortgage, said its decision to roll out higher conforming […]

Brooke Shields Finds a Buyer for Her Pacific Palisades Property

Brooke Shields, the star of “Endless Love” has decoupled from her Pacific Palisades property. The SoCal estate of the actress and model, on the market for $7,995,000, has found a buyer. The listing is marked as “pending sale.” As we previously reported, she had placed her home on the market in August 2021 for $8,195,000. […]

Fresh Off $2M Seed Round, The Host Co. Helps Rental Hosts Sell Goods

A company founded by former HGTV producers that helps people monetize items in short-term rental properties has secured $1.85 million in seed funding. “Our mission is to empower hosts to achieve positive financial and social mobility through the platform,” co-founder Mikel Hubbard said. A software company founded by former HGTV producers that helps people monetize […]

Second-Home Platform Pacaso Enters Island Time With Maui Buy

Pacaso is making available one-half to one-quarter shares of the Maui home, which will be operated by a team of local service providers, per the company’s policy on keeping business in the hands of regional real estate and property management professionals. Second-home investment platform Pacaso has secured a property on the island of Maui, its […]

Mortgage Rates Reverse Course on Rising Ukraine Uncertainty

Markets pricing in only 1.7 percent chance of a 50-basis Fed rate hike on March 16, down from 41.4 percent before Russian invasion. Rising mortgage rates put a damper on purchase loan applications last week, but interest rates have since reversed course on the rising tensions and economic uncertainty created by Russia’s invasion of Ukraine. […]