Featured Real Estate News
Existing Home Sales Up 3.2% in May
Existing home sales during May increased by 3.2% month-over-month and year-over-year, according to data from the National Association of Realtors (NAR). Month-over-month sales increased in the Northeast, Midwest and South, and were unchanged in the West....
Existing Home Sales Up 3.2% in May
The median sales price in May for all housing types was $429,300, a 1.3% increase from one year ago. Continue Reading Existing Home Sales Up 3.2% in May
Arrests Made in New Jersey Money Laundering Scheme Involving Luxury Real Estate Deal
Two men were arrested on charges of money laundering, conspiracy to commit money laundering, and conspiracy to commit theft by deception in a scheme tied to a high-value New Jersey real estate transaction. The investigation into the case began last December when the...
Mortgage Credit Availability Improved Slightly in May
Mortgage credit availability increased slightly in May according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) inched up by a scant 0.1% to 108.0 in May; the index was benchmarked to 100 in March...
Baltimore City Council Advances Property Tax Relief Bill
The Baltimore City Council has voted to advance a property tax relief measure that critics claim will raise taxes for some homeowners. WBFF reports the measure reduces the property tax rate by 1 cent for every $100 of assessed property value. Thus, the plan would...
News & Current Events
Canadian Government Provides $112 Million for 217-Unit Toronto Multifamily Property
No timeline was provided on when the property will begin accepting tenants. Continue Reading Canadian Government Provides $112 Million for 217-Unit Toronto Multifamily Property
John McNeill Joins MAXEX as CFO
He recently served as CFO of the fintech Spring Oaks Capital. Continue Reading John McNeill Joins MAXEX as CFO
M&A News Reconfigures Mortgage Banking Industry
The financial terms of the two transactions were not disclosed. Continue Reading M&A News Reconfigures Mortgage Banking Industry
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Arrests Made in New Jersey Money Laundering Scheme Involving Luxury Real Estate Deal
The investigation identified Jason S. McNeill and Ryan A. Telesford, who worked in coordination with additional individuals to defraud a Bergen County business. Continue Reading Arrests Made in New Jersey Money Laundering Scheme Involving Luxury Real Estate Deal
Mortgage Credit Availability Improved Slightly in May
“Mortgage rates reached nine-month highs over the month, which put pressure on homebuyers and reduced the demand for refinancing,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved Slightly in May
Baltimore City Council Advances Property Tax Relief Bill
The measure reduces the property tax rate by 1 cent for every $100 of assessed property value. Continue Reading Baltimore City Council Advances Property Tax Relief Bill
Canadian Government Provides $112 Million for 217-Unit Toronto Multifamily Property
No timeline was provided on when the property will begin accepting tenants. Continue Reading Canadian Government Provides $112 Million for 217-Unit Toronto Multifamily Property
John McNeill Joins MAXEX as CFO
He recently served as CFO of the fintech Spring Oaks Capital. Continue Reading John McNeill Joins MAXEX as CFO
M&A News Reconfigures Mortgage Banking Industry
The financial terms of the two transactions were not disclosed. Continue Reading M&A News Reconfigures Mortgage Banking Industry
Home Equity Withdrawals Reached Highest Q1 Level in 5 Years
Average second-lien HELOC rates fell to 6.6% in March, their most attractive level since late 2022. Continue Reading Home Equity Withdrawals Reached Highest Q1 Level in 5 Years
SolaREIT Donates 5-Acre Parcel for New San Diego-Area Fire Station
This will be the first permanent fire station in Jacumba, a small, rural community in Eastern San Diego County near the US-Mexico border. Continue Reading SolaREIT Donates 5-Acre Parcel for New San Diego-Area Fire Station
Lennar Announces Two Executive Promotions
Jim Parker and David Grove most recently served as area presidents, leading Lennar’s East and West operations, respectively. Continue Reading Lennar Announces Two Executive Promotions