Lamacchia Realty continues acquisition spree with Berkshire Dream Home

Massachusetts-based Lamacchia Realty is continuing its expansion. The brokerage announced Tuesday that it has acquired Dalton, Massachusetts-based Berkshire Dream Home for an undisclosed sum.Berkshire Dream Home was founded in 2014 by Andy and Sarah Perenick. According to the release, in was the top
Read MoreMortgage rates hold steady despite softer labor market

Mortgage rates held steady over the past week despite recent signs of relief from the labor market, according to HousingWire’s Mortgage Rates Center. In large part because of the lack of clarity as to when the Federal Reserve will begin cutting the benchmark rate, mortgage rates remained above the 7
Read MoreCoStar pulls two Homes.com ads after Move challenges traffic numbers

CoStar Group is withdrawing two of its Homes.com advertising campaigns after two Fast-Track SWIFT rulings from the BBB’s National Programs National Advertising Division.The two challenges were brought by Move, Inc., the parent company of rival Realtor.com. Fast-Track SWIFT is an expedited process fo
Read MoreSFR investors drive up rents, but don’t cause gentrification: Philadelphia Fed

Institutional investors in single-family rental (SFR) houses cause rents in a neighborhood to increase quickly, but their entrance into a neighborhood doesn’t cause gentrification. That’s the conclusion from a working paper released Tuesday by the Federal Reserve Bank of Philadelphia. The paper exam
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