The financially ailing Red Lobster restaurant chain is closing 48 of its 650 U.S. locations. Reports surfaced last month that Red Lobster was considering a Chapter 11 bankruptcy filing, but to date the company has not pursued this strategy. Thai Union Group acquired...
Maryland recorded 5,839 home sales in April, a 2.4% increase from 5,704 units one year earlier and the first year-over-year increase since August 2021, according to new data from Maryland Realtors. The total number of units pending grew 9% to 7,112 units. However,...
Four Mile Capital, a privately held real estate investment firm based in Louisville, Colorado, has entered the Omaha market with its acquisition of the Axis Apartments. The 320-unit, class-A apartment building is in Papillion, Nebraska, a southwestern suburb of Omaha,...
Rocket Mortgage LLC, a division of Detroit-headquartered Rocket Companies (NYSE:RKT), has reached a settlement with the U.S. Department of Housing and Urban Development (HUD) to resolve allegations that the company denied a mortgage loan application because the...
Americans are bracing for higher home prices, according to the April 2024 Survey of Consumer Expectations published by the Federal Reserve Bank of New York’s Center for Microeconomic Data. In the latest report, median home price growth expectations increased to 3.3%...
A Phil Hall Op-Ed: One of the most lucrative and audacious scams in the real estate world involves the shakedown of taxpayers to finance the stadiums owned and operated by professional sports teams. Tons of money that could be used to improve schools, social services,...
The $120,000 Wake-Up Call: What Harvard’s New Housing Report Means fo…
