A Colorado real estate agent and investor was sentenced to 90 days in jail and 10 years of supervised probation “with strict financial conditions” for stealing more than $1 million from investors in a real estate scam. Bret Lamperes, 54, pleaded guilty last December...
Mortgage demand weakened last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.3% on a seasonally adjusted basis from one week earlier; the...
Nearly half of homeowners whose adult children moved out have seen them move back in, according to the 2024 Boomerang Kids Survey published by Thrivent. In an April survey of 2,201 adults, 46% of parents said their adult children returned home to live with them at...
A bill has been introduced in the North Carolina House of Representatives to create a new state-level housing department. NCNewsline.com reported Rep. Diamond Staton-Williams’ House Bill 925 is proposing the creation of the North Carolina Department of Housing and...
The Real Brokerage Inc. (NASDAQ: REAX) announced that Village Premier Collection, the nation’s largest minority- and woman-owned independent brokerage, has joined the company under its recently launched Private Label program. The Atlanta-based Village Premier brings...
U.S. real estate investors are buying up commercial real estate across London at a rate not seen in nearly a decade, according to new data from BNP Paribas. Reuters reported U.S. investors spent $2.4 billion on London commercial property during the first quarter on...
Hits and Misses for the Real Estate Week of May 11-15
