The US Department of Justice announced the arrest of a suspect on a federal criminal complaint charging him with maliciously starting January’s Palisades Fire that destroyed 6,837 structures and resulted in 12 deaths. Jonathan Rinderknecht, 29, who also goes by...
The homebuilder Toll Brothers Inc. (NYSE: TOL) has announced its newest luxury community, Crestline at Brushy Creek, is coming soon to the Austin suburb of Cedar Park, Texas. The new community will feature single-family residences on 60- and 70-foot home sites. The...
The real estate investment trust UMH Properties Inc. (NYSE: UMH) has acquired Albany Dunes, a manufactured home community in Albany, Georgia for $2.6 million. The 43-acre community contains 130 developed homesites, of which 32% are occupied. Samuel A. Landy, UMH...
Mortgage debt accounted for nearly three-quarters of all US consumer debt during August, according to the latest Consumer Credit Trends Report published by Equifax (NYSE: EFX). In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Mortgage...
eXp Realty, a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), has announced the launch of eXp UK Commercial, expanding the company’s commercial real estate capabilities into the UK property market. According to the company, eXp Realty now has the first...
Mortgage application activity trended downward during the week ending Oct. 3, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.7% on a seasonally adjusted...
