A real estate developer pleaded guilty to defrauding investors out of more than $13 million with scams involving fraudulent projects in Latin America. Barry Breeman, 75, of Tuxedo Park, New York, solicited investments in various real estate projects through false and...
California Gov. Gavin Newsom has called on the state’s localities to address the presence of homeless encampments on their streets. “There’s nothing compassionate about letting people die on the streets,” said Newsom in a statement. “Local leaders asked for resources...
The memecoin Purple Pepe (PURPE) has gained its first acceptance as the payment format on a real estate transaction. Missouri-based real estate developer Daniel Westermier is now accepting PURPE as payment for a commercial property in Sedalia, Missouri. According to...
The typical home sold during 2024 was 36 years old, according to a new report from Redfin (NASDAQ: RDFN). This marked a new record for the average age of sold homes, and it was also nine years older than the median age of homes purchased in 2012. Condominiums being...
Only 17% of California homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year, according to data from the California Association of Realtors (CAR). This is up from 15% in the previous quarter and...
CMBS Delinquency Rate Dips by Single Basis Point
