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 […]
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 […]
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 […]
In an earnings report today, Seattle-based Zillow Group, the operator of listing portals Zillow, Trulia, StreetEasy and RealEstate.com, posted record revenue of $282.3 million in fourth-quarter 2017 and increased its full-year revenue by 27 percent year over year to a record $1.077 billion in 2017. Zillow Group’s revenue beat its own quarterly and annual forecasts, though the company […]
Rex Allen Harris, a Covington, Louisiana-based “advertiser,” was recently sentenced to 38 months in prison for scamming real estate agents out of nearly $2 million in lead generation and referral services he never delivered on, over the course of eight years. Starting in 2008, Harris–who also operated under the aliases Michael Harris, Rex Rogan and Rex […]
News Corp’s digital real estate services, which include Move’s realtor.com and Australia-based REA Group, continue to bolster its bottom line, according to its second quarter fiscal year 2018 results, announced today. The global media company reported $2.18 billion in revenue, up 3 percent from $2.12 billion the year prior, and a net loss of $66 […]
Top Los Angeles producer Sally Forster Jones — known for closing multi-million dollar deals in her market, including a $70 million home purchased in 2014 by her client Markus Persson, the Minecraft creator — has left Pacific Union International Southern California to join Compass in Beverly Hills. And she’s bringing her team with her. The […]
Short-term rental-by-owner service Airbnb got a major win for its hosts on Thursday — but also dealt with the fallout from a serious and unusual blow in Detroit. First the good news: people who list their homes on Airbnb will now be able to report their rental earnings as income when they apply to refinance […]
A bipartisan budget deal slated for a Congressional vote Thursday would boost federal spending by nearly $300 billion, sending government debt soaring to nearly $1 trillion in 2018 and setting in motion a ripple effect that would ensure mortgage rate hikes, economists said. If passed by Congress, the two-year budget deal would inject $20 billion […]
Ever feel as if you’re caught on a rollercoaster that just keeps going faster and faster while you get dizzier and dizzier? Well, you ain’t seen nothin’ yet! The real estate industry as we know it is coming to an end. No, I’m not talking about implosion or extinction, but revolutionary change beyond what we […]
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COVERAGE AREA: Atascosa, Bandera, Bexar, Chambers, Comal, De Witt, Dimmit, Frio, Gonzales, Guadalupe, Karnes, Kendall, Kinney, La Salle, Live Oak, McMullen, Medina, Uvalde, Wilson, Webb, Zavala, Zapata
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