Trulia Acquires Market Leader For $355M To Take Its Business Beyond Listings And Into SaaS For Real Estate Professionals
TweetOnline real estate company Trulia has announced it plans to acquire real estate SaaS CRM provider Market Leader for approximately $355 million. The SEC filing is here. Trulia said the combined company will have some 46,000 “premium subscribers” — or more than “any other online real estate marketplace” (likely an indirect reference to rival Zillow). The pair said the...
Read MoreCoreLogic: 10.4 million mortgages still in negative equity
TweetThe fourth quarter of 2012 ended with another 200,000 underwater borrowers moving to a state of positive equity, meaning they no longer owe more on their mortgages than their homes are worth, CoreLogic ($26.45 0%) said Tuesday. The report shows, that while the housing recovery continues, the rate at which negative equity homeowners turn positive is slowing down. Most of this...
Read MoreInvestors may create price floor
TweetInvestors in the single-family housing market could create a price floor, locking in higher prices for underwater homeowners who eventually hope to return to positive equity, suggested Elizabeth Duke with the Board of Governors for the Federal Reserve System. In a recent speech, Duke went over what is already well known in the market: “investors have been attracted to the...
Read MoreCoreLogic: Sinkholes More Common, Costly than Homeowners Realize
TweetA Florida man who reportedly lost his life as a sinkhole swallowed his entire bedroom sent a chill across the U.S. as more Americans became aware of how unsettling nature can be. But, unfortunately, sinkholes may be more common than homeowners realize, and the hazard is one insurance companies generally refuse to insure, real estate analytics firm CoreLogic said. Even more shocking...
Read MoreSequester May Reverse Housing Improvement, Initializing Greater Risks
TweetThe automatic spending cuts that are in effect will have a devastating impact on the housing market, specifically cutting $3 billion of aid to those impacted by Hurricane Sandy, warned Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development. Taking such a dramatic budget cut will reverse industry recovery as well as the improvement the housing market has...
Read MoreCalculated Risk: Housing: The Two Bottoms
TweetLast year when I wrote The Housing Bottom is Here and Housing: The Two Bottoms, I pointed out there are usually two bottoms for housing: the first for new home sales, housing starts and residential investment, and the second bottom is for house prices. For the bottom in activity, I presented a graph of Single family housing starts, New Home Sales, and Residential Investment (RI) as...
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