Coldwell Banker’s top agent is heading to Compass

Chris Cortazzo closed more than $554 million in sales last year and was the third-ranked agent in the country, according to Real Trends.

Climate change is driving up insurance costs for homeowners

From fires in California to flooding along the Atlantic, homeowners are going to have to brace themselves for higher bills as climate change leads to more extreme disasters.

Red Oak is now the largest indie brokerage in California’s East Bay

In an era of tech disruption, Red Oak Realty is acquiring fellow indie brokerage Marvin Gardens Real Estate to compete with Compass and other well-funded rivals.

Purplebricks will exit California by Sept. 12

The embattled real estate brokerage notified authorities in California it will eliminate 55 employees and 68 independent sales agents.

Rents in the US just keep going up and up

The average rent was up 3.2 percent year-over-year in June. Last month also saw the biggest average rent increase in more than a year

Rents are rising, but the US lacks sufficient middle-income housing

Recent years have been a boon for landlords, and a recession doesn’t appear imminent, but the multifamily housing market does face some challenges.

Oregon moves to nix single-family zoning, continues a national trend

Oregon lawmakers voted to eliminate single-family zoning in any city with more than 25,000 people. The bill would legalize duplexes and other “missing middle” housing in neighborhoods that previously only allowed single-family homes.

California Association of Realtors seeks innovators for competition

Winners could get $10,000 from CAR, as well as a marketing package and access to other resources from the trade organization.

Valet Living debuts rental turn over service

Rental services company Valet Living announced a new service this week that is designed to speed up and simplify the process of turning over rental units between tenants — and save property owners money along the way.

Amazon will match employee affordable housing donations

The online retailer will also contribute $8 million to nonprofits in Washington and Virginia. The pledge comes as a handful of companies promise to spend big on housing.