We’ve all heard about hot property, but an Australian real estate agent took that concept one step beyond and wound up burning down her client’s multi-million-dollar residence – a boo-boo that cost her employer more than $860,000 plus five years of interest. According...
The editorial board of the Wall Street Journal accused the real estate profession of working against the best interests of their clients with “a rigged game that pads their pockets at the expense of consumers.” In an editorial titled “The Realtors Stage a $418 Million...
Enterprise Community Development Inc. (ECD), a nonprofit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners, announced that Janine Lind will become its new president starting April 29. Lind will be based out...
For the fifth consecutive month, the Federal Reserve opted to hold interest rates in place. The central bank’s policy making Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate in a range between 5.25% and 5.5%, which is...
The National Association of Realtors (NAR) called out President Biden for misrepresenting how real estate professionals do their jobs. In a campaign speech delivered yesterday in Nevada, the president alluded to NAR’s $418 million settlement of the...
Mortgage applications were in decline last week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 1.6% on a seasonally adjusted basis from one week earlier...
Hits and Misses for the Real Estate Week of June 15-19
