Dallas-headquartered Cornerstone Capital Bank has launched two joint venture companies with homebuilders in Texas and North Carolina. Twin Tree Mortgage, based in Waxahachie, Texas, is a joint venture with Elmwood Homes that will provide mortgage solutions for...
Sales of new single-family houses during February were at a seasonally adjusted annual rate of 676,000, according to estimates published by the US Census Bureau and the Department of Housing and Urban Development. This is 1.8% above the revised January rate of 664,000...
The National Association of Realtors (NAR) has unveiled “Multiple Listing Options for Sellers,” a new policy that is designed to exist in conjunction with its Clear Cooperation Policy. According to NAR, the policy introduces a new category of exempt listings called...
Two new data reports covering January’s housing market are showing continued acceleration in home prices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 4.1% annual gain in January, up from 4% the previous month. The 10-City Composite...
The notorious Malibu, California, property of rapper Kanye West that was acquired last September at a severely discounted price is back on the market for $39 million. The Wall Street Journal reports the property’s owner Belwood Investment’s CEO Bo Belmont, is...
Home sales in the Pacific Palisades and Altadena communities impacted by January’s wildfires recorded double digits declines in February, according to a new report from Redfin (NASDAQ: RDFN). In Pacific Palisades (ZIP Code 90272), only 12 homes sold in February, down...
Hits and Misses for the Real Estate Week of Aug. 24-28
