Fewer investors are putting their money into residential real estate, according to new data from Redfin (NASDAQ:RDFN). During the second quarter, Redfin determined that investor home purchases were down 45% from one year ago – in comparison, overall home sales were...
Altisource Asset Management Corp. (NYSE American: AAMC) announced the resignation of CEO Jason Kopcak. While the company did not offer a specific reason for Kopcak’s departure, his exit comes as AAMC continues to focus on reducing costs and streamlining operations...
Truist Foundation, the philanthropic arm of Truist Financial Corp. (NYSE: TFC), has pledged $500,000 to support relief and recovery efforts for communities across the Florida Gulf Coast and Southeastern Seaboard impacted by Hurricane Idalia, which made landfall...
Backflip, a Dallas-headquartered real estate and fintech platform for fix-and-flip investors, has unveiled My Leads, an AI-enabled property sourcing feature. According to the company, the platform leverages artificial intelligence to act as a deal analysis assistant...
The owner of a luxury residence in Aspen is seeking to generate the first home sale in Colorado that goes above the $100 million level. The Wall Street Journal reports the 8.4-acre estate located four miles from Aspen’s downtown has been listed for $105 million. The...
Pending home sales were up for the second consecutive month in July, according to data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, inched up by 0.9% to...
Hits and Misses for the Real Estate Week of Aug. 24-28
