A California real estate broker was sentenced to 30 days in jail and five years of probation and was ordered to pay more than $2 million in fines and restitution after he pleaded no contest to two counts of embezzlement. Adam Michael Pirozzi owned Santa Barbara...
Mortgage rates continued to soar deeper into the 7% range in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.17% as of April 25, up from last week when it averaged 7.10%. A year ago at this...
Alabama’s housing market enjoyed a vibrant March with 4,976 sales, up 5.6% from February, according to the Alabama Association of Realtors. This marked the second consecutive month of growth in home sales. However, March’s sales were nearly 30% below the 7,098...
The property developer RXR is partnering with One Investment Management to create a $500 million fund focused on rental housing in the Sun Belt cities. According to a Bloomberg News report, the fund was built with traditional credit and structured equity. Its first...
iHomefinder, a provider of real estate property search technology and online marketing tools, has announced a strategic partnership with Wix.com Ltd. (NASDAQ: WIX), the SaaS website builder platform. According to the companies, the partnership will enable real estate...
In this edition of Tech Trends, we look at some of the more unusual digital stories that popped up in our news feed, with unlikely information and endeavors that could be appreciated by real estate professionals. Hanging On, Not Hanging Up. While some people look at...
Hits and Misses for the Real Estate Week of May 11-15
