Real Estate Tech News



Zillow acquires Mortgage Lenders of America, posts $325M in Q2 revenue, up 22%

Zillow acquires Mortgage Lenders of America, posts $325M in Q2 revenue, up 22%

Zillow Group is acquiring Mortgage Lenders of America in its quest to own more of the home buying process. The Seattle real estate juggernaut announced the acquisition with its second-quarter earnings report Monday.
Icahn Will Sell Tropicana Casinos in $1.85 Billion Deal

Icahn Will Sell Tropicana Casinos in $1.85 Billion Deal

Eldorado Resorts Inc. and real-estate company Gaming and Leisure Properties Inc. are teaming up to buy Carl Icahn’s casino operator, Tropicana Entertainment Inc., for $1.85 billion in cash, adding to a wave of consolidation in the gambling industry.
Zillow Group will start buying and selling homes, taking on Opendoor and expanding real estate footprint

Zillow Group will start buying and selling homes, taking on Opendoor and expanding real estate footprint

Zillow Group will start buying and selling homes for the first time later this month, expanding its real estate business and creating new competition for real estate agents and companies like Opendoor and OfferPad.
Berlin tops the world as city with the fastest rising property prices

Berlin tops the world as city with the fastest rising property prices

Berlin has emerged as the frothiest property market in the world, with the city engulfed by expensive highrise developments and speculative buying that threatens its traditionally low rents and hip arts scene.
Toronto Luxury Home Sales Plunge 46% From Last Year’s High

Toronto Luxury Home Sales Plunge 46% From Last Year’s High

The high-end of Toronto’s housing market is bearing the brunt of declines from last year’s dizzying growth, with prices falling and unit sales slumping by almost half. Sales of detached homes in and around Canada’s biggest city fell 46 percent in March from the same month a year ago,
US construction spending grew just 0.1 percent in February

US construction spending grew just 0.1 percent in February

WASHINGTON — Spending on U.S. construction projects ticked up a mere 0.1 percent in February from the prior month, a sign that a growing economy is doing little to spur a more rapid pace for building homes, hospitals and highways.
Spring home buying season begins: pending home sales rise

Spring home buying season begins: pending home sales rise

The spring home buying season is already beginning as pending home sales reversed course and increased in much of the country in February, according to the latest report from the National Association of Realtors.
Seattle-area home market heats up yet again, leading the country for 17th straight month

Seattle-area home market heats up yet again, leading the country for 17th straight month

Single-family-home values in the metro area of King, Snohomish and Pierce counties have been rising faster than anywhere else in the country since mid-2016. Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real-estate market in the country, with no slowing down.
New-Home Sales in U.S. Cool for Third Month as Prices Surge

New-Home Sales in U.S. Cool for Third Month as Prices Surge

Sales of new U.S. homes fell for a third straight month and supply swelled to the highest since 2009, suggesting that surging prices are increasingly deterring buyers, according to government data released Friday.
Fidelity National Agrees to $1.2 Billion Deal for Stewart

Fidelity National Agrees to $1.2 Billion Deal for Stewart

Fidelity National Financial Inc. agreed to buy Stewart Information Services Corp. for $1.2 billion to bolster its position in the title-insurance market. The deal will be paid half in cash and half in Fidelity National common stock, the Jacksonville, Florida-based company said Monday in a statement.
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