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West Virginia Real Estate Developer Sentenced for Bankruptcy Fraud
John H. Welford III was also ordered to pay $730,326.43 in restitution for falsification of bankruptcy records. Continue Reading West Virginia Real Estate Developer Sentenced for Bankruptcy Fraud
Sacramento Suburb in Settlement Over Affordable Housing Construction
The city government of Elk Grove said it was “a leader in the development of affordable housing in the region.” Continue Reading Sacramento Suburb in Settlement Over Affordable Housing Construction
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Biden Ends Re-election Bid, Leaving His Real Estate Proposals in Limbo
For the real estate industry, Biden’s exit leaves unanswered questions on whether Harris would continue Biden’s proposals. Continue Reading Biden Ends Re-election Bid, Leaving His Real Estate Proposals in Limbo
Report: Justice Department Begins ‘Formal Inquiry’ Into California Association of Realtors
The exact focus of the DOJ’s inquiry is unclear. Continue Reading Report: Justice Department Begins ‘Formal Inquiry’ Into California Association of Realtors
Japanese Firm Acquires Majority Stake in Utah’s Visionary Homes
Visionary Homes was founded in 2004 and has 30 active Utah communities. Continue Reading Japanese Firm Acquires Majority Stake in Utah’s Visionary Homes
Zillow Home Value Index Methodology, 2023 Revision: What’s Changed?
Source: Zillow --- The Zillow Home Value Index (ZHVI) now incorporates the more accurate neural Zestimate. Starting with Zillow’s January 2023 data release, and for all subsequent releases, the full ZHVI time series has been upgraded to harness the power of the neural...
Best construction loan lenders in 2023
Source: Bankrate --- Most people can’t afford to design and build their own home or pay for major renovations out of pocket, which is why many lenders offer construction loans — shorter-term loans used to finance construction/rehabilitation of or addition to a...
4 practical tips for negotiating your mortgage
Source: CNBC --- Purchasing a home with the help of a mortgage is one of the most expensive financial transactions you can undertake. Given both the costs and commitment that come with signing a mortgage, it makes sense to negotiate the best possible deal with...
I Don’t Want a Reverse Mortgage. What Are the Best Alternatives?
Source: Yahoo! Life --- A reverse mortgage can provide you with a steady stream of income in retirement. Reverse mortgages do have risks and they can affect your ability to pass on assets to your heirs later. Fortunately, there’s more than one alternative to reverse...
California home sales increase in January for second straight month as prices stabilize
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The...
Fixed Rate Ending? How To Avoid Falling Off A ‘Mortgage Cliff’
Source: Forbes --- An estimated 800,000 home loans totalling $350 billion will fall off a ‘mortgage cliff’ this year when the loan switches from a fixed interest rate to a higher variable rate, according to estimates from the Reserve Bank of Australia (RBA). More...
Mortgage Rates Rise, Application Volumes Retreat
Source: Mortgage News Daily --- It was unrealistic to expect last week’s strong increase in mortgage activity to be sustainable in the current volatile rate environment, and indeed it was not. The Mortgage Bankers Association said its seasonally adjusted Market...
Will the Mortgage Third-Party Origination Channel Survive the Current Market?
Northpointe Bank, a regional bank headquartered in Michigan, has announced that they are closing their correspondent lending operations in April of 2023, and will shift their focus to retail lending, mortgage warehouse lending and specialty loan servicing. This...
Here’s how real estate escrow save you from scams
Source: CNBC TV18 --- Digital escrow is a secure and efficient online service for holding, releasing and managing funds and documents between two transacting parties. An escrow account enables an unbiased third party, i.e., the escrow agent, to secure money or assets...
Zillow Partnership with iBuyer Opendoor Launches in Atlanta, Raleigh
In August 2022, Zillow and Opendoor announced a multi-year partnership, bringing them together to transform how people initiate their move. The two companies announced that homeowners in Atlanta and Raleigh have a new way to explore multiple home-selling options on...
