The National Association of Home Builders (NAHB) has slammed the Biden administration’s decision to force the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) will insure mortgages for new homes only if they are...
Last year was problematic for independent mortgage banks and the mortgage subsidiaries of chartered banks – according to new data from the Mortgage Bankers Association (MBA), this sector lost an average of $1,056 on each loan they originated in 2023, down from an...
The U.S. office market generated $5.4 billion in first quarter sales, according to new data from CommercialEdge. This represents a 17% decline from the $6.5 billion from the first quarter of 2023 and significantly below the $18.9 billion generated two years earlier in...
Rentec Direct has released a new mobile app designed for use with its rental property management software platform. According to the company, the new app provides landlords, investors, and property managers the flexibility to access their Rentec Direct accounts...
The Competition Bureau, an independent law enforcement agency focused on protecting and promoting business competition in Canada, has announced a consent agreement with the Yukon Real Estate Association (YREA) to address concerns with its membership practices. The...
A California real estate broker was sentenced to 30 days in jail and five years of probation and was ordered to pay more than $2 million in fines and restitution after he pleaded no contest to two counts of embezzlement. Adam Michael Pirozzi owned Santa Barbara...
Hits and Misses for the Real Estate Week of June 22-26
