We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Mortgage Bankers Association (MBA) Commercial/Multifamily Real Estate Finance Forecast The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $549 billion, down three percent from the […]
Realogy Holdings Corp., the massive real estate company that counts among its sprawling portfolio of brands Coldwell Banker, the Corcoran Group and Century 21, has appointed Sue Yannaccone as regional executive vice president of NRT, the company’s residential brokerage business. Yannaccone, formerly the president and chief executive of the company’s ERA Franchise Systems, will oversee […]
Brooklyn rental and roommate startup Nooklyn raised $825,000 in a round of seed funding, the platform announced Friday. Nooklyn lets users search available rooms, apartments and roommates in Brooklyn. Users can search for an available room in an apartment or match with potential roommates to try to find an apartment together. “Our mission is to […]
A bipartisan budget deal signed into law Friday morning following a six-hour government shutdown will briefly extend the National Flood Insurance Program for a few weeks, while lawmakers race to reform the ailing, 49-year-old insurance plan through legislation currently stalled in the Senate. The extension until March 23 was among a half-dozen small victories for […]
Last week, the U.S. Department of Justice confirmed it will hold a joint workshop on real estate competition in the spring with the Federal Trade Commission. A DOJ official told Inman the workshop will be held in response to a letter the DOJ received on Sep. 21, 2017, from the U.S. Senate Judiciary Subcommittee on […]
Seattle-based Zillow Group cracked $1 billion in annual revenue last year, the company revealed yesterday in its fourth quarter and full-year 2017 earnings report. The company posted a net loss of $77.2 million in fourth-quarter 2017 and a net loss of $94.4 million for full-year 2017, but an analysis of the real estate company’s revenue (which […]
Massachusetts Senator Elizabeth Warren has released a 15-page report about Equifax’s 2017 data breach that includes claims about the company’s cybersecurity, the removal of 145 million consumers’ personally identifiable information (PII), and “hardball tactics” Equifax used to delay rival Experian from obtaining an IRS contract. “After months of investigation, our office finally learned that hackers […]
Re/Max Holdings, the parent company of real estate franchisor Re/Max, today announced the retirement of president Geoff Lewis. According to the announcement, effectively immediately, some of Lewis’s responsibilities overseeing Re/Max’s Region Development Group will be transitioned to Re/Max co-CEO, Adam Contos, who is under investigation for possible ethical and business violations alongside co-CEO and co-founder, Dave […]
Detroit is backing down from a confusing, maybe accidental ban on some Airbnb use in parts of the city, the Detroit Metro Times reported Friday. The city told the paper that it wouldn’t enforce a rule that went into effect this week barring residents from listing rooms in their houses on the short-term rental platform […]
Churchill Mortgage, a private mortgage company based in Brentwood, Tennessee, is aiming to give its customers a competitive edge in a number of low inventory markets across the country with the launch of a certified homebuyer program allowing buyers to get pre-underwritten for a loan. The mortgage firm, which provides conventional FHA, VA and USDA […]
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