Sales of new single-family houses in were at a seasonally adjusted annual rate of 627,000 during June, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. The sales activity is a mild 0.6% rise above the May...
The typical seller made a 50% profit selling single-family homes and condos during the second quarter of the year, according to new data from ATTOM. The second quarter figure marked a slight increase from the 48.9% national median profit margin posted in the first...
More than 60 former employees of Fannie Mae (OTCQB; FNMA), all of whom are US citizens of Indian nationality, have filed a lawsuit in federal court accusing the government-sponsored enterprise of discrimination. The lawsuit stated the plaintiffs learned of their...
Chicago Mayor Brandon Johnson is downplaying comments made by his chief financial officer (CFO) that the city could raise property taxes to fill its $1 billion budget deficit. WLS.com reports CFO Jill Jaworski told a Bloomberg that a property tax increase was a...
The real estate transaction platform Opendoor (NASDAQ: OPEN) has debuted Cash Plus, a new addition to its product offerings for home sellers and agents. According to the San Francisco-based company, Cash Plus provides immediate cash for home sellers in as little as 14...
Neighborhood Ventures, an Arizona-based real estate crowdfunding company, has announced the launch of Venture on Maryland, a 78‑unit multifamily community in Central Phoenix, into its Arizona Multifamily Opportunistic Fund. The property was acquired through a...
Hits and Misses for the Real Estate Week of April 27-May 1
