Douglas Elliman has become the latest brokerage to be released from a contentious homebuyers’ lawsuit regarding real estate broker commissions. According to combined media reports, the plaintiffs in the Batton 2 lawsuit dismissed the brokerage without prejudice,...
The outgoing president of the Cleveland Federal Reserve welcomed this week’s data pointing to lower inflation readings but warned that the central bank has to “see that continue a bit longer” before it can consider cutting interest rates. In an interview...
Mortgage applications for new home purchases recorded a 13.8% year-over-year upswing in May, according to data from the Mortgage Bankers Association (MBA). Compared to April, application activity was up by 1%. The MBA estimated new single-family home sales were...
Inside Real Estate, a Murray, Utah-based provider of real estate software, announced the appointment of Chris Black as chief financial officer (CFO). Black has more than two decades of CFO experience, holding the title at companies including Quantix, Transflo &...
Actor Chris Pratt’s efforts to sell his Pacific Palisades estate have been less than stellar, resulting in a roughly $6.5 million reduction on its listing. Realtor.com reported the “Guardians of the Galaxy” star cut his original asking price of $32 million to $25.49...
Adfitech, an Edmond, Oklahoma-based provider of quality control and risk management services for the mortgage industry, has rebranded as Mortgage Connect Risk Solutions. According to the company, its new name reflects its place within parent company Mortgage Connect...
Hits and Misses for the Real Estate Week of May 11-15
