(Credit: Pixabay) Hello, your flipper has arrived! Companies on the hunt for houses to flip in Chicago, Atlanta and Charlotte, North Carolina are getting help from an unexpected source — ride-share drivers. Uber and Lyft drivers cruise gentrifying neighborhoods to photograph houses with stacked up mail, abandoned cars in the yard or knee-high grass, all […]
Making music together: Ellen DeGeneres buys Adam Levine’s Beverly Hills mansion
From left: Behati Prinsloo and Adam Levine, Portia de Rossi and Ellen DeGeneres, and 825 Loma Vista Drive (Credit: Getty Images) Ellen DeGeneres has been garnering more attention for her serious real estate moves than for the dance moves she shows off on her talk show. For her latest deal, DeGeneres and wife, actress Portia […]
National Cheat Sheet: House flips hit pre-crisis levels, ‘cannabiz’ entices the real estate sector… & more
Clockwise from top left: China Vanke in “early stage” talks to take its property management business public, report finds that U.S. house flips have hit near pre-financial crisis levels, ‘Opendoor Agent Partner Program’ marks a pivot back to humans and Brooklyn’s Williamsburg neighborhood bounces back following the reversal of this month’s scuttled L train shutdown. Report […]
House flipping rates have hit pre-crisis levels – but it’s a very different market these days
10.6 percent of U.S. home sales in the fourth quarter of 2018 were flips (Credit: iStock) During the housing boom that preceded the 2008 financial crisis, house flipping became symbol of the runaway speculation that led to the economy’s downfall. Over a decade later, flips makes up nearly as large a share of home sales […]
Homebuying start-up Perch raises $220M in new funding round
Perch CEO Court Cunningham and homes in Texas (Credit: Perch and iStock) If you want to sell your home with one click, more and more companies are competing for your business. Perch, an iBuying start-up that buys and sells homes, has raised $20 million in equity and $200 million in debt in a new funding […]