The real estate investment and development firm Rabina has begun residential sales for its forthcoming 1,000-foot mixed-use tower at 520 Fifth Ave. in Midtown Manhattan. The new property will be the tallest residential tower on Fifth Avenue, featuring 100 one- to...
The Federal Trade Commission (FTC) has begun distributing nearly $62 million in refunds to home sellers who fell victim to the fraudulent marketing claims made by online real estate business Opendoor Labs Inc. According to an August 2022 complaint filed by the FTC,...
The housing market contributed to the uptick in the latest Consumer Price Index (CPI) data published today by the U.S. Bureau of Labor Statistics. The CPI for March recorded a 3.5% year-over-year increase, up from the 3.2% annual uptick in February. Last month marked...
United Wholesale Mortgage (UWM) (NYSE:UWMC) has pushed back on an attack against its operations by a hedge fund-backed Internet page that coincided with a lawsuit against the company and the hedge fund’s shorting of its stock. The lawsuit was filed last week by four...
The Real Brokerage Inc. (NASDAQ: REAX) announced a $9.25 million settlement agreement to resolve the pending class action litigation in one of the post-Sitzer/Burnett copycat lawsuits regarding the commissions paid to real estate professionals. Under the terms of the...
Pennsylvania Sen. John Fetterman became the most prominent Democratic lawmaker to openly oppose the concept of “squatter’s rights.” In a weekend interview with the New York Post, Fetterman acknowledged dealing with squatters when he served as mayor of Braddock,...
Hits and Misses for the Real Estate Week of March 23-27
