Sales of new single-family houses in August were at a seasonally adjusted annual rate of 800,000, a 20.5% surge from the July rate of 664,000 and a 15.4% rise above the August 2024 rate of 693,000. According to estimates released by the US Census Bureau and the...
The Department of Justice (DOJ) has acquiesced to President Trump’s demands that mortgage fraud investigation of New York Attorney General Letitia James move forward. According to a Bloomberg report sourced from unnamed “people familiar with the matter,” the case is...
Mortgage applications inched up at a mild pace during the week ending Sept. 19, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, recorded a 0.6% uptick on a seasonally...
The former tax collector for a Pennsylvania township pleaded guilty to embezzling property taxes. Karen McGinnis was the tax collector for Fairview Township from March 2023 through last January. In her job, she was responsible for collecting property taxes, including...
A former Calgary realtor who acknowledged running a Ponzi scheme that defrauded dozens of people out of more than $3.5 million has been banned for life from working in Alberta’s real estate industry. The Calgary Herald reports Eric Drinkwater received his permanent...
A total of 9,423 homes were sold statewide in Virginia during August just 15 more than one year before, marking a scant 0.2% uptick. According to data from Virginia Realtors, August also saw 24,606 active listings statewide, a 26.2% surge from last year. Nearly 13,000...
Mortgage Rates Take a Mild Tumble
