Inman News-Where Real Estate & Technology Connect

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Trulia set to acquire Market Leader for $355 million
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Real estate marketplace Trulia announced today that it has entered into a definitive agreement to acquire real estate marketing and technology company Market Leader Inc. for $355 million, fleshing out its software offering to agents in one swoop.

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Home prices post biggest gain in more than 7 years
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The median existing single-family home price posted its biggest annual gain in more than seven years in the first quarter of 2013, as market conditions for home sellers continued to improve and home sales increased, the National Association of Realtors ...

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Larry R. Inman
McDonough Voice
Larry R. Inman, 73, of Table Grove passed away at 4:30 a.m. on Wednesday, May 8, 2013, at Havana Health Care in Havana, Ill. He was born on Dec. 10, 1939, in Macomb, the son of Howard and Lois Rigg Inman. He married Janice Morgan on July 1, 1967, ...

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Foreclosure activity tumbles to 6-year low in April
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Foreclosure activity hit a six-year low in April, according to the latest report from public records data aggregator RealtyTrac, although scheduled foreclosure auctions posted annual increases in 15 of 26 states where courts handle the foreclosure ...

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2 Manhattan office towers sell for more than $1B
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The pending sale of two midtown Manhattan office buildings for a combined total of more than $1 billion are the latest demonstration of the strength of commercial property values in New York City, Reuters reports. The deals, brokered by international ...

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Are statewide MLSs the answer to Zillow, Trulia, realtor.com?
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Declining membership has made it more difficult for multiple listing services to meet growing technology demands, according to a new white paper that advocates for consolidation of MLSs at the state level. Cameron Paine, CEO of Connecticut Multiple ...

'Wikipedia of real estate' taking shape
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As listing sites ramp up efforts to augment their statistical data with local color, a real estate developer may soon launch a new website devoted solely to delivering qualitative, community information to homeowners, buyers and sellers. WikiRealty ...

NAR backing test of agent rating surveys
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A subsidiary of the National Association of Realtors is partnering with state and local Realtor associations to offer members the ability to participate in a survey-based agent rating service provided by Quality Service Certification Inc. QSC signed an ...

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Atlantic & Pacific Real Estate rebrands as Carrington
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Atlantic & Pacific Real Estate LLC, a Santa Ana, Calif.-based brokerage licensed to operate in 25 states and Washington, D.C., has rebranded as Carrington Real Estate Services LLC to highlight the brokerage's connection to parent company Carrington ...

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Tax reform could include revamp of mortgage interest deduction
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Is Congress finally moving toward fundamental tax code reform — a streamlining that lowers maximum individual rate brackets, cuts taxes for corporations, but also might take whacks at the mortgage interest deduction, second homes and second mortgages, ...

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Real Living resumes franchise sales
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Franchisor Real Living Real Estate — which last year came under the ownership of a joint venture that's majority-owned by Berkshire Hathaway Inc. affiliate HomeServices of America Inc. — will resume selling new franchises and expects to open new ...

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Optimism over home prices reaches milestone
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A majority of Americans now expect home prices to increase over the next year, pointing to growing optimism among housing-market observers, according to the results of Fannie Mae's April 2012 National Housing Survey. By comparison, in April of last ...

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April asking prices up 8.5 percent from a year ago
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Asking prices for homes listed for sale on real estate marketplace Trulia's website rose 8.5 percent and were up in 95 of the 100 largest U.S. metros in April from a year ago, according to a monthly report from Trulia released today. For the month ...

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US prepared to weather Europe's gathering storm
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Deep breath. This morning's news of a better job market has pushed 10-year Treasury yields from 1.63 percent to 1.73 percent overnight, and intercepted the mortgage move below 3.50 percent. Stocks of course to a new high, Dow above 15,000. Breathe ...

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Property taxes are only part of the picture
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Before you start complaining how high property taxes are in your state, take a look at the charts below to see not only property taxes are in your state, but total taxes. Your property taxes may be high for a reason — for example, if, like Florida ...

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Home construction continues to add jobs
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Sophisticated Zillow scam puts NAR and MLS on alert
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Ron Bailey can just picture it: He's showing a rental listing to some prospects when suddenly, a person he's never met thunders, “Are you Ron Bailey?” “Well, of course I'm Ron Bailey,” the Pocono Lake, Pa.- based broker would answer. Then Bailey says ...

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Build your business, but not your life, online
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I love it because I have met so many people through the various social channels. I hate it because it is such a distraction. I feel as though I spend too much time looking at computer screens and the little screens on mobile devices. My real estate ...

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Privlo lands $2.1M in seed funding
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Privlo, an online marketplace for private mortgage loans, has landed $2.1 million in seed funding that the Santa Monica, Calif.-based company says it will use to expand on the $28 million in loans booked during a pilot launch. Privlo says it can help ...

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Move acquires Doorsteps to 'humanize' buying process
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Editor's note: This story has been updated to include information on leadership changes at Move and other recent acquisitions made be the company. Realtor.com operator Move Inc. announced today that it has acquired Doorsteps, a move that the company ...

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