Real estate

Overseas buys of U.S. homes jump 35%

Investors, consumers,  transferred business people and parents of college students from Canada, China, the U.K. Mexico and India primarily, are buying a record amount of U.S. property, according to ListHub and the National Association of Realtors.  The 2013 spend was $92.2 billion, up 35 percent year-over-year. The ListHub global real estate listing network that reaches more than 40 countries...

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Zillow hiring geeks like crazy

As further evidence that Zillow plans to keep right on evolving, check out the 21 full-time technical positions the real estate listing giant has posted on GeekWork, GeekWire’s job site.  In addition to the technical program manager listed below, Zillow seeks group program manager, GIS analyst, Mortgage Marketplace technical account manager, software test engineer, Javascript development...

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Start-up in Berlin with clever idea to boost home-ownership

With no end in sight to the boom in Germany’s real estate market and ever more German’s dreaming of owning rather than renting property, a start-up in Berlin came up with the bright idea of making it easy for individuals to pool their resources and buy property as groups. On GroupEstate.com (here also in English) individuals invite family members, friends, or business partners to join them in...

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Zillow wants to buy Trulia?

That’s the rumor, according to Bloomberg.  Real estate marketplace giant Zillow is supposed to be in the market for competitor Trulia, with a $2 billion offer for the purchase.  While Bloomberg sources say that something could be decided as soon as next week, the ongoing talks won’t necessarily lead to an agreement, the sources cautioned. This would be a whopper of an industry deal...

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CoStar revenue jumps 36 percent

On its Q2 2014 earnings call, CoStar Group (NASDAQ: CSGP), owner of LoopNet and Apartments.com,  reported a year-over-year revenue gain of 36 percent, though that’s a bit apples and oranges. Comparing revenue without ad-sales dollars from newly acquired Apartments.com, the increase was 13 percent. While the progress was quite presentable, executives on the call explained that the sales...

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Recruitment strong for ‘flat’ Newsquest

Recruitment advertising was the one bright light in Newsquest’s second quarter results released today by its American owner and publisher of  USA Today, Gannett Co. The sector rose in value by 9.4 per cent, compared to Q2 of 2013, while automotive and real estate dropped by 6.1 percent and 9.1 percent respectively. Overall classified advertising was 1.9 percent down on the corresponding...

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