A historic hotel in downtown San Jose was sold for roughly half the price of its previous ownership transfer. SiliconValley.com reported the Hotel De Anza was acquired for $11.5 million by an ownership group led by Dhaval Panchal, a Northern California hotelier. The...
A federal judge rejected a Texas businesswoman’s last-minute attempt to take back her guilty plea to charges that she defrauded investors in a phony real estate scheme and sentenced her to 87 months in prison. Samantha L. Mueting of San Antonio targeted investors with...
The Appraisal Institute has criticized the Federal Housing Finance Agency’s (FHFA) updates to several appraisal policies for the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCBQ: FMCC). In a press statement, Appraisal Institute...
Laguna Niguel, California-headquartered Realty One Group International has expanded into its 22nd country with the launch of a new franchise in Uruguay. Eugenia Aiello, who became the international regional owner of Realty One Group Argentina last year, has partnered...
A growing number of California real estate agents are reporting the collapse of transactions because buyers are unable to obtain affordable homeowners’ insurance. A new survey by the California Association of Realtors membership found 13.4% of respondents admitting at...
Pending home sales were on the rise last month, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, soared by 7.4% to 75.8 in September,...
Hits and Misses for the Real Estate Week of May 11-15
