Builder sentiment sank this month to its lowest reading since December 2022 and its third lowest since 2012. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built...
Mortgage applications for new home purchases in May was down by 4.5% compared to one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month basis, applications decreased by 9%. MBA estimated that new single-family home sales...
The seasonally adjusted annual rate for housing starts in Canada was down by a scant 0.2% in May, with 279,510 units compared to the 280,181 units in April. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 9%...
A realtor in Baton Rouge, Louisiana, was sentenced to two years in prison after pleading guilty to two counts of indecent behavior with juveniles. KPEL-FM reports Devin Triche was arrested in July 2024 on 100 counts of child porn and two counts of sexual abuse of an...
Real estate investor Boruch “Barry” Drillman was sentenced to five years of probation for his role in a $165 million fraud scheme involving multifamily and commercial mortgage loans between 2018 and 2020. Drillman managed BRC Williamsburg Holdings LLC,...
Hits and Misses for the Real Estate Week of April 27-May 1
