Mortgage rates hit yearly lows

Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year fixed-rate mortgage.

New-home sales drop from March, but are up annually

Sales of new single-family homes dropped 6.9 percent from March to April, but are up 7 percent year-over-year, according to the latest data. 

Realtor.com lays off Arizona sales team, consolidates in California

The team in Scottsdale had been working on realtor.com’s lead generation and marketing products, which are geared toward real estate agents. Now, all those sales efforts at realtor.com will be consolidated into an office in Westlake Village, California…

Redfin’s new agent-free service hits regulatory snag

Redfin Direct, a pilot program that allows consumers to make direct offers on homes listed by real estate brokerage Redfin online without being represented by a buyer’s agent, is violating a regulation regarding agency disclosure, according to a Massachusetts state agency that oversees real estate licensees.

Company that eliminates security deposits ‘locks’ in new partner

LeaseLock replaces security deposits with monthly fees and believes its new insurance partnership shows that the industry is embracing its business model.

ERA Real Estate partners with HomeAdvisor for concierge services

HomeAdvisor provides access to a range of painting, landscaping and home repair professionals.

HUD Secretary slammed for confusing REO with Oreo cookies

Despite the controversy that has swirled around his tenure, following the Oreo incident, Ben Carson attempted to downplay his apparent confusion.

Compass poaches entire Coldwell Banker team

Los Angeles-based WSA Real Estate operates in the tony western half of Los Angeles. Team members are now decamping for Compass, which is not acquiring the entity itself.

Trulia founder Pete Flint’s venture firm NFX raises $275M

NFX splits its investments equally between business-to-business companies and business-to-consumer companies but said that out of 3,000 firms seeking money this year it will ultimately only fund 0.5 percent.

Missing girl found safe after Ring camera captures kidnapping

A missing girl in Texas whose kidnapping was captured on a Ring camera has been found safe and returned to her parents.