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Online Real Estate Veteran Redfin Lands $50M From Tiger Global, Investment Giant T. Rowe Price As It Looks To Gain Market Share In The U.S.

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~~~~TechCrunch1
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As the real estate market regains some life after an extended dip, people are beginning to get comfortable with the idea of selling their home again and, in turn, getting comfortable with looking around for that special place. To help in an increasingly fast-paced market, technology-powered real estate brokerage, Redfin, has been on a mission to help people not only find the right house, but to help potential sellers get feedback on the price of their home from hundreds of potential buyers.

On the heels of launching a series of these “Price Whisperer”-like tools that aim to reduce the cost of the real estate search process for both homebuyers and sellers, Redfin is doing a little price whispering of its own. The company today announced that it has raised $50 million in late-stage growth capital from a handful of investors, beginning with Tiger Global and T. Rowe Price Associates.

The new round, which also includes contributions from the company’s existing investors, like Greylock Partners, Draper Fisher Jurvetson, Vulcan Capital, Globespan Capital Partners and The Hillman Company, brings the company’s total funding to just under $100 million. In addition, from what we’ve been hearing from sources, the round values its online brokerage and search business in the ballpark of $500 million. Fortune also reported a similar valuation.

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99DollarHomeSales.com

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~~~~99DollarHomeSales1
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Welcome to 99dollarhomesales.com!
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99dollarhomesales.com is the newest and most cost effective way to sell your home. By logging on to our website, you have taken the first steps to sell your home on your own terms for a very nominal fee, compared to brokers fees. Everyone knows how stressful it can be to sell a home and the associated costs of doing so can leave some people in a worse situation than when they started. That’s why our approach is different. There are a number of sites that have strings attached and we have none. We are here to partner with you to ensure that you have a successful journey throughout the selling process. All for $99! We do not make any money after your home is sold.

Please be advised that we are not a real estate company, broker or agent, nor are we working with or for any. The purpose of this site is to educate and support sellers who want to save money on the cost of selling their home. We want to ensure that you know there is a different way to sell your home that will save you money. There are instances when a home MUST be legally placed with a realtor because of default or other issues. If this applies to you, we are still here to help. We will refer you to a local realtor who best suits your needs and can better assist you.

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!!!!99DollarHomes1
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Fed Sticks to Stimulus, Worried About Growth Soft Spots

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~~~~DailyFinance1 (BigBlue)
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The U.S. Federal Reserve said Wednesday that it would continue buying bonds at an $85 billion monthly pace for now, expressing concerns that a sharp rise in borrowing costs in recent months could weigh on the economy.
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The decision surprised financial markets that were braced for a reduction in the central bank’s economic stimulus.

Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against a tapering of asset purchases that investors had all but priced into stock and bond markets.

“The tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market,” the U.S. central bank said in a statement explaining its decision.

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!!!!FedSticksToStimulus1
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Too-Big-To-Fail Banks Have Raked In $102 Billion In Subsidies Since 2009: Report

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America’s biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding evidence of those subsidies.

The latest is World Bank economist Deniz Anginer, in a study for Bloomberg Markets magazine. Anginer estimates that the six biggest U.S. banks have saved $82 billion in borrowing costs since 2009 because investors believe the government will never let them fail and thus don’t charge as much to lend them money as they do smaller banks. The report will be published in the June issue of the magazine.

Together with dirt-cheap government borrowing programs, Bloomberg estimates these banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — have saved $102 billion since 2009 because of their size advantage.

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Too Big To Fail Subsidies

A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. (Victor J. Blue/Bloomberg via Getty Images)

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.Click link below for story, slideshow, and video:

http://www.huffingtonpost.com/2013/05/10/too-big-to-fail-subsidies_n_3252879.html?ref=topbar

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Too-Big-To-Fail Banks Have Raked In $102 Billion In Subsidies Since 2009: Report

3 Comments

FROM

business

Click link below picture

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America’s biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding evidence of those subsidies.

The latest is World Bank economist Deniz Anginer, in a study for Bloomberg Markets magazine. Anginer estimates that the six biggest U.S. banks have saved $82 billion in borrowing costs since 2009 because investors believe the government will never let them fail and thus don’t charge as much to lend them money as they do smaller banks. The report will be published in the June issue of the magazine.

Together with dirt-cheap government borrowing programs, Bloomberg estimates these banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — have saved $102 billion since 2009 because of their size advantage.

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Too Big To Fail Subsidies

A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. (Victor J. Blue/Bloomberg via Getty Images)

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.Click link below for story, slideshow, and video:

http://www.huffingtonpost.com/2013/05/10/too-big-to-fail-subsidies_n_3252879.html?ref=topbar

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2nd Most Expensive Home Sale in U.S.? Silicon Valley Mansion Reportedly Snags $117.5 Million

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~~~~AOLRealEstate1

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Our eyes nearly popped out of our heads when we saw the reported sale price of this Woodside, Calif., mega-mansion: $117.5 million! If it’s true, it would be the second most expensive home sale ever in the United States. (Billionaire Stanley Kroenke holds the No. 1 spot for his $132.5 million purchase of a Montana ranch last November.)

Bay Area blog SF Luxe came across the shocking discovery, pointing to public records on listings site Redfin showing the astronomical sale price of the 8,930-square-foot home in the middle of Silicon Valley.

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!360MountainRoad1

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.Click link below for article:

http://realestate.aol.com/blog/2013/01/25/2nd-most-expensive-home-sale/

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Mortgage Fraud Lawsuits Fail To Deter Bank Cheating, Experts Say

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Even in the movie version of the financial crisis, the giant mortgage company accused by the U.S. government of rampant fraud and abuse wouldn’t be so obvious as to nickname its mortgage lending program “the Hustle.”

The real-life Countrywide Financial, however, was not known for its subtlety. In 2007, as the mortgage market was collapsing, Countrywide, now part of Bank of America, used the hustle — officially, a program it called the “High Speed Swim Lane” — to eviscerate lending standards in order to keep pumping out home loans, even though many were fraudulent, according to a lawsuit filed by the U.S. government last month.

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.Click link below for story,slideshow, and video:

http://www.huffingtonpost.com/2012/11/21/mortgage-fraud-lawsuits-_n_2174002.html?ncid=edlinkusaolp00000003

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Mother, 2 Children Found Murdered At Home In Sacramento

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SACRAMENTO, Calif. — A mother and her two toddlers were found violently slain inside their home in suburban Sacramento Tuesday afternoon, sending police scrambling for leads in the residential neighborhood. A 6 month-old infant was later found crying inside a crib in the back of the house, authorities said.

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.Click link below for story:

http://www.huffingtonpost.com/2012/10/24/mother-children-murdered-sacramento-family_n_2008462.html?ncid=edlinkusaolp00000003

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Trump Place Fires The Donald: Mogul No Longer The Manager Of Pricey New York High Rise

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Oh, the irony.

The condominium board at Trump Place has quietly fired the Trump Organization from managing the pricey high rise on the Hudson River that bears its name.

Sources told The Real Deal that the condominium board replaced Trump with AKAM Living Services, a management firm that has presided over luxury buildings at such high-end zip codes addresses as Central Park West, Fifth Avenue and West End Avenue.

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.Click link below for story:

http://www.huffingtonpost.com/2012/10/23/the-donald-fired-from-trump-tower-no-longer-manger-new-york-high-rise_n_2006368.html?icid=maing-grid7|myaol|dl2|sec1_lnk3%26pLid%3D224863

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The Many Properties of Tom Cruise and Katie Holmes

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.Click link below for more houses:

http://realestate.aol.com/blog/gallery/the-many-properties-of-tom-cruise-and-katie-holmes/

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