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Showing posts from May, 2015

Black Knight Debuts IPO at $441M

Black Knight Financial Services Debuts IPO at a Total Price of $441 Million An initial public offering (IPO) of 18 million shares of Class A common stock from  Black Knight Financial Services , a Jacksonville, Florida-based technology, data, and analytics solutions provider for the mortgage industry, debuted Wednesday morning at the New York Stock Exchange. Black Knight debuted the IPO at the NYSE Wednesday morning at $24.50 per share, a total of $441 million, according to a  press release  from the company on Tuesday. By the time trading closed at 4 p.m. eastern time Wednesday, the price of the stocks had  increased by more than 10 percent  up to $27.11 per share, according to the NYSE website.  Click here  for an up-to-the-minute update on the price. Services offered by Black Knight include selling access to cloud platforms that handle every part of the loan process to a large network of mortgage industry professionals and selling access to mortgage servicing platforms

Franchises, Brokerages, And Agents plot to regain on listing data

While franchises, brokerages and agents fume and plot how to regain control of the listing data, Zillow Group (ZG), , CoreLogic and others are sucking down the MLS-style sold data — that’s what is going to kill you. The brokerage industry is now running scared because the four main portals capture about 50 percent of all real estate-related Internet traffic, with ZG owning most of it. But published listing data is not your real problem. Read the full story  here . If you are interested in providing your insight into the market please email us at:  and we'll be happy to feature you in the "Faces of the Industry" section of our blog. Email us at: Follow us on  twitter Follow us on  facebook Check out our site: Proud member of the Investigative Reporters and Editors (IRE) : Christine Cerda ,  MBA-GM ,  Realtor SFR, e-PRO, CDPE, CIAS, REO, OICP Guarantee Real Estat

Fresno real estate ready for a positive year

Fresno real estate ready for a positive year BY BONHIA LEE - THE FRESNO BEE LINKEDIN GOOGLE+ PINTEREST REDDIT PRINT ORDER REPRINT OF THIS STORY • Speakers at the 12th annual Fresno Real Estate Forecast predict a strong year for the real estate market. • Vacancy is down and prices are up which could fuel some new development. • Technology is changing the way retailers do business. ——— Fresno real estate is ready to rock and roll. Speakers at the 12th annual Fresno Real Estate Forecast, organized by the Economic Development Corporation, in downtown Fresno on Thursday night talked about record transactions and investments, tightening inventory and the need for development. The industrial market, the sale or leasing of warehouse space, seemed to turn in 2014, said Ethan Smith, vice president, industrial division at Newmark Grubb Pearson Commercial in Fresno. Vacancy is down meaning there are fewer buildings to show and sales prices and

With fewer houses on market, Some areas trend in high prices

With fewer houses on market, some areas see ominous trend in higher price BY KEVIN G. HALL Bee Washington Bureau LINKEDIN GOOGLE+ PINTEREST REDDIT PRINT ORDER REPRINT OF THIS STORY CHICAGO  Homebuyer Maria Casillas drags her two kids from one prospective home to another, surprised to learn that most everything desirable in her price range is quickly gone. Working-class neighborhoods here are seeing bidding wars between buyers. She’s part of a broader national trend. Even while home sales are sluggish, home prices are rising in much of the nation. Competition is heating up. “It’s like everyone is coming out to get a house,” lamented Casillas, 33, as her fiance, David Herrera, inspected the closets of homes they both feel are too small. Pre-approved by a lender for up to $200,000, Casillas is finding that there’s nothing of good size available in that range here. Price wars are common in high-growth, high-wealth cities such as booming