Home sales in Maryland totaled 6,627 units in May, a 3.4% decline from the 6,860 sales recorded one year earlier, according to new data from Maryland Realtors. This occurred while the level of units pending (houses under contract) grew by 2.1% to 7,094 units. While...
La Rosa Holdings Corp. (NASDAQ: LRHC) announced it has entered into a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, which operates under the name Red Door Title. Headquartered in Orlando, Red Door Title is a full-service escrow...
Total commercial/multifamily mortgage debt outstanding rose to $4.70 trillion at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA), a $40.1 billion or 0.9% upswing from the previous quarter. Multifamily mortgage debt alone...
A New Jersey-based real estate investor pleaded guilty for his role in a multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to fraudulently acquire multifamily and commercial properties. Aron Puretz was an employee of Apex Equity Group, a...
The U.S housing shortage reached 4.5 million homes in 2022, according to a new data analysis from Zillow (NASDAQ:Z, ZG), up from 4.3 million in 2021. Zillow determined there were roughly 8.09 million “missing households” – individuals or families living...
Home prices inched up by 0.3% from April to May, according to new data from Redfin (NASDAQ:RDFN). This marked the smallest increase on a seasonally adjusted basis since January 2023. On a year-over-year basis, home prices were up by 7.2% – but Redfin insisted annual...
Hits and Misses for the Real Estate Week of May 11-15
