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1,000 Citigroup mortgage workers to be shown the door

With rising mortgage rates spelling the end of the refi boom, Citigroup is laying off 1,000 workers who work in its mortgage business in places like Las Vegas and Irving, Texas, the Wall Street...

Reuters: DoJ to sue JP Morgan Chase over mortgage-backed securities

JPMorgan Chase & Co. may be headed to court over mortgage-backed securities it sold during the housing boom.  Reuters reports that the U.S. Department of Justice is preparing a suit, although it “was not...

Most Americans bullish on home prices

Just over half of Americans, 55 percent, believe home prices will rise in the next year, compared to 27 percent that believe they will stay the same and 9 percent that believe they will...

‘Whisper’ deals on the rise

The appeal of off-market listings — or “whisper” listings, those not formally listed for sale in a multiple listing service — are becoming attractive to a wider pool of buyers and sellers in low-inventory...

TripAdvisor’s new ad model earns analyst upgrade

TripAdvisor can justify charging advertisers a higher “cost per click” (CPC) since transitioning to “meta” searches that lets consumers see hotel prices before clicking through to make a booking, Stifel Nicolaus analyst Michael Purcell...

California pending home sales down on mortgage rates

Pending home sales in California fell 8.9 percent on an annual basis last month due to rising mortgage rates, but the Federal Reserve’s decision to delay its bond-buying “taper” should lead to lower interest...

Realtor.com expands commercial listings through Xceligent alliance

Realtor.com is now providing information on more than 450,000 active commercial listings after launching expanded commercial search functionality powered by Xceligent Inc. The additional listings are aggregated by Xceligent for its website, CommercialSearch.com, from...

Who is the ‘pink mustache’ of real estate?

At real estate conferences, everyone wants to gather, connect, listen, tell stories and perhaps … work. Inevitably, the question comes up: Where should we go and how do we get there? Frequently this question is...

Man found dead in Marconi Plaza

127187722 In an apparent suicide, police located an 83-year-old man deceased at a Marconi green space Monday afternoon. Police responded to the east side of Marconi Plaza, 2700 S. Broad St., at 12:16 p.m. where officers...

INRIX search-by-commute-time tool now baked into mobile

Minneapolis-based brokerage Re/Max Results is rolling out a new consumer mobile app today that uses traffic data from INRIX Inc. to allow users to filter home searches by commute times for up to three...
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