A New York City accountant was indicted on wire fraud and bankruptcy fraud charges in connection with multiple real estate investment fraud schemes. According to court documents, Alberto Gomez is an accountant in the Elmhurst section of Queens. Gomez conducted schemes...
Toronto-headquartered GO Residential Real Estate Investment Trust (TSX: GO.U) announced its acquisition of 27 properties from H&R Real Estate Investment Trust (TSX: HR.UN) valued at approximately $2.8 billion. The transaction is designed to expand GO’s residential...
The luxury brokerage SERHANT. has announced its expansion into the Denver metro market. The newly opened SERHANT. Colorado includes 11 founding agents who have collectively sold more than $1 billion in real estate, making this the brokerage’s largest single-market...
President Trump has inserted himself into the controversy surrounding New York City’s pied-à-terre tax, declaring that he will review if the federal government can stop the tax from going into effect. The tax is designed to target the owners of luxury second homes –...
Existing home sales decreased by 1.7% month-over-month and increased 0.7% year-over-year, according to data from the National Association of Realtors (NAR). Month-over-month sales increased in the Northeast, held steady in the West, and declined in the Midwest and...
Mortgage credit became more accessible in July, according to the Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI rose by 2.5% to 108.4 last month; the index was benchmarked to 100 in March 2012. The Conventional...
