National News

Zillow, Inc Officially Announces SEC Filing for IPO Status

Real estate site Zillow, Inc. officially announced that it is selling its common stock. The company filed a registration statement with the SEC for an initial public offering (IPO) today. This long-awaited announcement does not include the number of

Investors Account for the Sale of One Million Homes

Real estate investors now play a critical role in the housing market recovery. They account for one million homes sold in the U.S. in 2010, according to the National Association of Realtors

Sale Expectations Fell This Month for Builders

Sales expectations for homebuilders dropped in April 2011, as reported by Bloomberg today. The National Association of Home Builders/Wells Fargo sentiment index is currently at 16, a drop of one point since March, which reflects a poor outlook for

Broker Wins Appeal Against A&E in ‘Flip This House’ Lawsuit

Richard C. Davis, a South Carolina real estate broker with a specialty in flipping homes, won a $4 million court appeal against A&E’s “Flip This House,” a TV series he appeared on during its first

Developer John Buck Sues Co-op Board

Developer John Buck is feuding with the board of his East Lake Shore Drive co-op. The issue at hand is how big Buck’s unit in the 10-story, 13-unit building, which is east of the Drake Hotel on one of

New Bill to Streamline Short Sales

A new bill introduced earlier this week aims to change long lender delays with short

Feds Settle with Major Lenders

Federal bank regulators yesterday announced settlements with the nation’s largest mortgage lenders for unethical foreclosure practices that were identified in 2010

Pew Poll Shows Americans Still Value Homeownership

Amidst one of the worst economic recessions in American history, a recent telephone poll conducted by the Pew Research Center shows that the majority of Americans still place a great deal of value in their

Mortgage Apps Decrease in Latest Weekly Survey

Mortgage applications decreased from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 8,

Webby Awards Nominees Announced

Nominees for the 15th annual Webby Awards were announced this morning, with numerous candidates emerging from the real estate

March ComScore Stats Show Trulia Busier Than Zillow

Web traffic analytic service ComScore has released data on real estate sites Zillow and Trulia’s March 2011

Coldwell Banker iPad App Puts Video on Center Stage

Coldwell Banker Real Estate LLC announced its Coldwell Banker Real Estate App for iPad is now available on the App Store and via ipad.coldwellbanker.com, enabling users to search for property listings, agents and local Coldwell Banker

Altos Research Update Shows Spike in Inventory

Altos Research has released its April 2011 Real Time Housing Market Update, showing an increase in housing inventory for the spring selling

FHA’s Mortgagee Review Board Enforces New Regulations

The Federal Housing Administration’s Mortgagee Review Board (MRB) has announced a settlement agreement with a Massachusetts mortgage lender for failing to fully verify whether borrowers could sustain their mortgage payments prior to refinancing their

Agents Who Change Offices Sell Less

The data below from LeapRE suggests that agents with lower sales volume are more likely to change offices, rather than agents with higher sales

NAR Evaluates Impact of Federal Government Shutdown

As the Federal government is in negotiations today to avoid an overall shutdown, the National Association of Realtors (NAR) has taken a look at what the potential shutdown would mean for the real estate

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