Offerpad hires Zillow vet, promises cash offers within 1 hour

Offerpad, the Arizona-based online fast homebuying and reselling company, announced Wednesday that it has hired Bryan LaFranchi to lead its program in which homesellers can get all cash for their old properties and put the money toward the purchase of a newly-built home. 

Inside the app that lets Uber drivers scout homes to flip

Dealmachine works directly with real estate investors, who pay a monthly fee beginning at $49 for the service. Those investors then procure their own drivers.

Zillow Offers launches in Dallas

Zillow on Monday will begin buying and selling homes in Dallas through its iBuyer platform Zillow Offers. It’s the second market in Texas after Houston and the ninth market overall for Zillow Offers. 

Realogy sues former manager who defected to Compass

Realogy has sued a former manager of one of its Sotheby’s International Realty franchises for defecting to competitor Compass, allegedly in violation of a noncompete clause.

Redfin and Zillow take Texas

As direct-to-consumer homebuying and selling platforms continue to rise, Zillow and Redfin are taking their iBuyer platforms to Texas.

$10M Houston mansion most expensive foreclosed home in US

A Houston mansion with nine bathrooms and 15,000 square feet of space is now the country’s most expensive foreclosed property, clocking in at $9.75 million.

Hurricane Florence is aimed at $1T worth of real estate

As has been the case in recent catastrophic hurricane events, most recently Hurricane Harvey’s 2017 landfall in Houston, most of the fear is rooted in the impact of flooding, a result of hours of prolonged downpours swelling rural and municipal bodies …

Nationwide foreclosure starts rise for first time in 3 years

Foreclosure starts increased by less than 1 percent year-over-year in July after 36 consecutive months of decreases, according to Attom Data Solutions.

Realogy appoints its first-ever president of Coldwell Banker Texas

NRT LLC, the Realogy subsidiary that operates the real estate giant’s company-owned brokerages, has named Charles El-Moussa as Coldwell Banker Texas’ first-ever president.

HUD approves $5B Hurricane Harvey recovery plan for Texas

The United States Department of Housing and Urban Development (HUD) announced on Monday the approval of a $5 billion disaster recovery plan for Texas.