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...
Households that heat their residences with electricity could see a 10.2% increase in their winter heating bills to an average of $1,205 this year, up from $1,093 last winter. According to a forecast from the National Energy Assistance Directors Association (NEADA),...
Florida recorded 21,798 closed sales of existing single-family homes in August, down 3.9% year-over-year, while existing condo-townhouse sales totaled 7,424, down 6% from one year earlier. According to data from Florida Realtors, new pending sales of single-family...
A California man was sentenced to eight years in prison for coordinating real estate scam in Belize that defrauded hundreds of victims out of approximately $77 million. Newport Beach-based Andris Pukke, who also went by the aliases Marc Romeo and Andy Storm,...
The level of commercial/multifamily mortgage debt outstanding reached $4.88 trillion by the end of the second quarter, an increase of $47.1 billion (1%) from the first quarter, according to data from the Mortgage Bankers Association (MBA). Multifamily mortgage debt...
Zeman Homes, the Chicago-headquartered owner-operator of manufactured home communities, has promoted Executive Vice President Michael Bailey to CEO. Bailey will replace interim CEO Jeff Fannon, who returns to his previous post as vice chairman. Prior to joining Zeman...
Hits and Misses for the Real Estate Week of Aug. 31-Sept. 4
