An attorney who operated a Georgia-based real estate law firm pleaded guilty to fraudulently obtaining nearly $300,000 in Economic Injury Disaster Loans (EIDL) during the Covid-19 pandemic and to using his attorney escrow account to launder more than $250,000 from...
Greystar announced its latest community, Summerwell Bells Ferry in Acworth, Georgia, will have a ribbon cutting ceremony on Sept. 24. Summerwell is Greystar’s dedicated build-for-rent brand, and Summerwell Bells Ferry consists of 137 townhomes and 16 detached...
Basketball great Michael Jordan’s saint-worthy patience with the housing market has finally been rewarded – the NBA Hall of Famer finally sold his Chicago-area mansion after having it on the market for 12 years. The Chicago Tribune reported Jordan sold the 8.4-acre...
A growing number of people were taking out mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 14.2% on a seasonally adjusted basis on a...
The homebuilder Lennar (NYSE:LEN) announced plans for four new communities in New Jersey. The master-planned communities debuting over the next few months include: The Grove, located in Whippany, will feature 60 two and three-story townhomes; The Signature Collection...
Single-family housing starts in August were at a rate of 992,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 15.8% above the revised July figure of 857,000. Privately-owned housing starts in August...
Hits and Misses for the Real Estate Week of May 4-8
