Real Estate

News Corp names new president of global digital real estate

Tracey Fellows will oversee News Corp’s digital real estate interests for Move and more
News Corp, parent company of Move and operator for Realtor.com, recently announced that Tracey Fellows has been appointed as the president of global digital real estate. Beginning in January 2019, Fellows will be based at News Corp’s New York headquarters, dividing her time among the company’s digital real estate assets.
Read More

Quicken Loans parent company Rock Holdings just bought Dictionary.com (really)

Continues acquisition streak for Rock Holdings
Rock Holdings, the parent company of Quicken Loans, is getting into the dictionary and thesaurus business. Literally. Rock Holdings announced this week that it acquired Dictionary.com and Thesaurus.com, websites that boast approximately 540 million pageviews per month. But why, one might ask? Read on.
Read More

Redfin: Homes keep getting cheaper

In October, the number of homes dropping in sale price reached an 8-year high
In October, home-sale prices climbed 4.5%, however the percentage of listings that experienced a price drop of more than 1% reached an 8-year high, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said home sellers are realizing buyer demand isn’t what it used to be and are lowering their prices.
Read More

Airbnb takes Boston to court over city’s “draconian” short-term rental rules

Argues city’s laws violate Constitution, federal and state laws
The city of Boston has new rules surrounding short-term rentals that are set to go into effect on Jan. 1, 2019. According to Airbnb, Boston’s short-term rental rules violate the Constitution, multiple federal laws, and Massachusetts state law. Airbnb also claims the city's rules threaten short-term rental sites with “draconian” punishments should they violate the city’s rules.
Read More

Commercial brokers made more money than ever last year

NAR says they’re making more but closing fewer deals
Agents, brokers and appraisers working in commercial real estate made more money last year than ever before, despite the fact that tight inventories have slowed transactions. According to a survey by the National Association of Realtors, professionals working in the commercial real estate market last year raked in an average of $150,700 – about $30,000 more than they made the year before.
Read More

HUD says Homebridge is the industry's top renovation mortgage lender, again

Mortgage lender holds title for second consecutive year
Amid inventory and affordability concerns, homeowners are increasingly turning to home renovations to meet their housing needs. While several lenders offer renovation mortgages, the U.S. Department of Housing and Urban Development has revealed that Homebridge Financial Services leads the pack for the second consecutive year.
Read More