Today’s average homebuyer has a six-digit household income, according to new data released by the National Association of Realtors (NAR). In a survey of roughly 6,800 buyers involved in real estate transactions between July 2022 and June 2023, NAR determined the...
New Jersey Attorney General Matthew J. Platkin announced the indictment of a father and son who allegedly defrauded investors and mortgage lenders of more than $2.5 million in a scam involving Jersey Shore real estate. George Bussanich Sr., 65, and his 43-year-old son...
Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity Index (HOI). This is down from...
The Federal Housing Administration (FHA) is seeking industry feedback on a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. Under current program requirements, mortgage servicers can assign a HECM to the U.S....
The Connecticut estate of the award-winning Broadway composer and lyricist Stephen Sondheim has been listed for sale at $3.25 million. The 9.06-acre property in the town of Roxbury features a 3,698-square-foot residence with a history tracing back to 1792. The...
Christie’s International Real Estate has expanded its Caribbean presence with the launch of its newest affiliate, Christie’s International Real Estate Dominican Republic. The new brokerage is owned by partners Alex Irrer, Eric Walstrom and Auburn Lucas. Irrer and...
