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LendingTree acquires QuoteWizard for over $300M

The online lending marketplace LendingTree has agreed to purchase QuoteWizard, one of the largest insurance comparison websites, in a deal worth up to $370.2 million — $300 million in cash and up to $70.2 million in contingencies paid out if QuoteWizard achieves growth targets over the next three years. The acquisition, which is expected to close in the […]

How to sell a spectacular $159M Florida estate that’s gone on and off market

All that glitters is gold in the case of this long-under-construction property going up for auction next month. The 60,000-square-foot Versailles-inspired home known as Playa Vista Isle estate, located on Florida’s Gold Coast between Miami and Ft. Lauderdale and embellished with over 500,000 22-karat gold leaf sheets will be available to prospective buyers on the Concierge […]

Feel like you’re annoying your clients? Here’s how to strike a balance

Toeing the line between necessary communication and annoying the hell out of your clients can be a tricky business. More than anything else, it requires that you find a delicate balance between the two extremes. Source: click here

5 tips to get your sellers ready in a buyer’s market

Many buyers who retreated to the sidelines in the past couple of years have returned to the market, knowing that their dollar will go further. And they’re right — sellers and their agents need a strategy to get each property sold. Here are a few tips. Source: click here

Realogy throws support behind LGBT housing protection bill

John Peyton, president and CEO of Realogy’s Franchise Group, announced his parent company’s support of the Fair and Equal Housing Act, a bill up for consideration by Congress that is designed to prevent anti-LGBT housing discrimination nationwide. Peyton announced Realogy’s support for the bill during his session about diversity in the housing market at the […]

The Real Word: Show me the money

What can agents write off? Are networking events tax deductible? Watch Byron Lazine and Nicole White discuss Realtor commission and money in real estate. Source: click here

Growing number of millionaires spurs demand for luxury agents

The number of millionaires in the U.S. skyrocketed to 32 million in 2018 while those with more than $500 million shot up to 1,770, according to a new study. Source: click here

Redfin Mortgage launches in Colorado, its 10th market

Redfin Mortgage, the home-lending arm of the Seattle-based real estate brokerage, officially launched today in Colorado. Source: click here

Zillow slapped with infringement lawsuit over ‘Rental Manager’ tool

Cincinnati-based London Computer Systems filed a lawsuit against Zillow alleging its use of the term “Rental Manager” has resulted in unfair competition. Source: click here

Home affordability at 10-year low

Home affordability has dropped to a 10-year low as home prices gains have outpaced wage growth and rising interest rates have nudged up mortgage costs, according to a home affordability index released Thursday by real estate data provider Attom Data Solutions. The index calculates affordability based on the percentage of income needed to buy a […]

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