The homebuilder Lennar announced it will be opening a community in the Raleigh suburb of Smithfield, North Carolina. Franklin Townes will offer a pair of two-story townhome designs spanning 1,437 to 1,581 square feet, with three bedrooms and two-and-a-half baths. The...
Two New York men were sentenced by U.S. District Judge Omar A. Williams in Hartford, Connecticut, for perpetrating a $50 million mortgage fraud scheme. According to the charges brought against them, Jacob Deutsch and Aron Deutsch worked at B H Property Management LLC...
The National Association of Realtors (NAR) and the residential brokerages that were found liable in October for a $1.8 billion verdict in the Missouri-based Sitzer/Burnett trial have asked a federal judge to either reject the verdict or grant a new trial. According to...
Tejon Ranch Co. (NYSE:TRC) announced plans to move forward with the development of residential communities at its 270,000-acre land holding located approximately 60 miles north of Los Angeles. The company plans to begin construction on Terra Vista at Tejon, a new...
Nearly half of the nation’s 50 largest metro areas record year-over-year increases with their housing inventory levels last month, according to new data from Realtor.com. During December, there was a 9.1% uptick in the number of more newly listed homes compared one...
Mortgage credit availability decreased in December, according to new data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 4.6% last month to 92.1 – the index was benchmarked at 100 in March...
