The share of homebuyers backing out of contracts during May totaled 13.6% of the month’s home sale, according to new data from Redfin. That share was unchanged from April on a seasonally adjusted basis and is also marked the fourth consecutive month that contract...
Property managers should be wary of rental applicants with an unusually high number of recent credit inquiries, according to a new research report from TransUnion (NYSE: TRU). The report found applicants with 15 or more credit inquiries in the seven days prior to...
Pending home sales in May experienced a 3.8% month-over-month increase and a 4.8% year-over-year upswing, according to data from the National Association of Realtors (NAR). Month-over-month and year-over-year pending home sales were up in all four regions (Northeast,...
Bed Bath & Beyond Inc. (NYSE: BBBY) has signed an agreement to acquire Fathom Holdings Inc. (NASDAQ: FTHM), a real estate services platform. According to the companies, the transaction implies an equity value for Fathom of approximately $53.38 million and reflects...
A former Mississippi credit union executive has been hit with a federal lawsuit accusing her of misappropriating $95 million from her financial institution, which she allegedly used on real estate purchases and luxury items. WAPT.com reports the lawsuit filed by the...
Hits and Misses for the Real Estate Week of June 22-26
