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Prices for luxury homes soared in the first quarter 

Housing Wire

“People with the means to buy high-end homes are jumping in now because they feel confident prices will continue to rise,” David Palmer, a Redfin Premier agent in the Seattle metro, said in a news release. They’re ready to buy with more optimism and less apprehension.

Equity 412
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Redfin closes $138M deal for mortgage lender

Housing Wire

million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 The purchase price “represents a $72.5

Closing 365
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Caliber sues CrossCountry after 80 employees left for rival

Housing Wire

District Court for the Western District of Washington in Seattle. National Mortgage News first reported the case. Caliber filed the lawsuit in Seattle because many of the employees whose departures spurred the litigation were in that jurisdiction. The accusations are part of a lawsuit filed in May in the U.S.

Loans 379
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Zillow to buy ShowingTime for $500M

Housing Wire

Zillow entered a new corner of real estate Wednesday, announcing a definitive agreement to buy ShowingTime for $500 million. The Seattle-based company announced in September Zillow Homes, a traditional brokerage business, hiring agents in Phoenix, Tuscon, and Atlanta. and Canada use their software. and Canada use their software.

Brokerage 530
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Zillow to kill its iBuying program

Housing Wire

The wind-down of “Zillow Offers” is expected to last several quarters and will reduce the Seattle-based company’s workforce, reported at 6,420 employees as of June 30 , by 25%. He said then that the program was “more than durable” and planned to accelerate its expansion.

Closing 395
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Notarize offers free notarizations to fight racist title language

Housing Wire

Inman News first reported on the issue. A University of Washington study found more than 500 deeds and covenants containing racial restrictions that apply to at least 20,000 properties around the Seattle area alone. Here’s what lenders should look for in a title provider. Supreme Court validated their use.

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Q4 BrokerPulse: Commission lawsuits spur proactive changes for real estate brokers

Housing Wire

A Seattle-based broker-owner shared a similar sentiment, “[We are] helping agents with their value proposition when it comes to representing a buyer, specifically when it comes to buyer agency agreements and how to negotiate their compensation.” ” The Sitzer/Burnett class action commission lawsuit trial date is October 9.

Brokerage 341