A former HGTV star was sentenced to four years in jail and ordered to pay back close to $10 million for real estate and financial fraud against 11 victims. The Office of the District Attorney for California’s Santa Clara County reported that Charles “Todd” Hill was...
Homeowners in Florida and California have seen a disproportionately high level of disruptions to their home insurance coverage, according to a new data study from Redfin (NASDAQ:RDFN). The new Redfin-commissioned survey by Qualtrics was conducted in February and...
Mortgage application activity picked up for the week ending April 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.3% on a seasonally adjusted basis from...
The real estate division of Blackstone (NYSE:BX) is reportedly seeking a buyer for the holding company of the discount lodging chain Motel 6. Blackstone acquired the brand in 2012 for $1.9 billion from the French company Accor SA and established G6 Hospitality as its...
The seafood restaurant chain Red Lobster is reportedly exploring a bankruptcy filing. Red Lobster has 649 restaurants, primarily in the U.S. and Canada. According to a Bloomberg News report sourced from unnamed “people with knowledge of the matter,” the...
Federal Reserve Chairman Jerome Powell is no longer hinting that multiple rate cuts are likely later this year. According to combined media reports, Powell used a question-and-answer session during a forum in Washington, D.C., yesterday on U.S.-Canada economic...
Hits and Misses for the Real Estate Week of May 11-15
