Homeowner equity grew by 32.2 percent in the past year as the number of borrowers underwater on their mortgages fell to a new low. California, Hawaii and Washington led the way. Read more here:: https://www.inman.com/2022/06/08/homeowners-gained-3-8t-in-equity-over-the-past-year-corelogic-says/
As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Read more here:: https://www.inman.com/2022/06/08/mortgage-demand-drops-to-22-year-low-as-rates-rebound-mba-survey/
Move has acquired real estate agent marketplace UpNest for an undisclosed amount. UpNest will be used to bolster Realtor.com’s buyer and seller services, the company said. Read more here:: https://www.inman.com/2022/06/08/move-acquires-real-estate-agent-marketplace-upnest/
New whistleblower lawsuit claims Vishal Garg made misstatements ‘all aimed at duping investors and shareholders’ amid quest to bring Better public. Read more here:: https://www.inman.com/2022/06/08/better-ceo-to-colleagues-biden-death-would-be-a-boon-for-business/
Christopher Totaro will now lead the company’s Tribeca office. Totaro’s elevation comes about eight months after Coldwell Banker acquired Warburg Realty. Read more here:: https://www.inman.com/2022/06/07/coldwell-banker-warburg-gets-new-sales-director-christopher-totaro/
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won’t face a big downturn. But a mild recession may be in play later this year or in 2023, they believe. Read more here:: https://www.inman.com/2022/06/07/what-are-the-odds-of-a-housing-bubble-114-experts-weigh-in/
A new study comes as city, state and federal lawmakers call for caps on how much landlords can raise rent. In one case, property taxes were projected to drop 4 percent as a result of rent control laws. Read more here:: https://www.inman.com/2022/06/07/well-intentioned-rent-control-laws-can-do-more-harm-than-good-study/
Radius has launched in the Lone Star state, marking the virtual real estate brokerage’s fifth market. The company has enlisted two veteran brokers to oversee operations in Houston. Read more here:: https://www.inman.com/2022/06/07/virtual-real-estate-brokerage-radius-launches-in-texas/
The office will be the company’s first in the Lone Star State, and comes as the brokerage has continued to rapidly expand into new territories. Read more here:: https://www.inman.com/2022/06/07/the-agency-launches-37th-franchise-in-austin-1st-for-the-lone-star-state/
More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Read more here:: https://www.inman.com/2022/06/06/real-estate-agents-received-billions-in-ppp-loans-during-the-pandemic/
