Featured Real Estate News
Mortgage Credit Availability Improved in March
Mortgage credit availability increased in March, according to the Mortgage Credit Availability Index (MCAI) a report from the Mortgage Bankers Association (MBA). Last month, the MCAI inched up by 1.1% to 108.3; the index was benchmarked to 100 in March 2012. The...
Mortgage Credit Availability Improved in March
“Credit availability increased modestly in March to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in March
FICO Rolls Out Portfolio Benchmarking Tools for Lenders
FICO (NYSE: FICO) has debuted the FICO Score Credit Insights Lab, a digital platform designed to provide financial institutions with benchmarking data and interactive portfolio modeling tools. According to the Bozeman, Montana-based company, the new platform’s suite...
Rhode Island Brokerage HomeSmart Professionals Joins REMAX Brand
REMAX (NYSE: RMAX) announced the Rhode Island-based brokerage HomeSmart Professionals has joined its brand. Owned and operated by Dean deTonnancourt, a former REMAX agent, the brokerage will now operate as REMAX Revolution, bringing more than 300 agents from six...
New CTO at Boxabl
The Las Vegas-headquartered modular housing manufacturer Boxabl Inc. announced the appointment of Shanmugam "Shan" Palaniappan as chief technology officer (CTO). Palaniappan was most recently senior vice president of engineering at Sagent, a mortgage and consumer...
News & Current Events
Yamaha Motor Co. to Relocate US HQ from California to Georgia
Yamaha acquired the land in Cypress for its US headquarters in 1978 and established its office in 1979. Continue Reading Yamaha Motor Co. to Relocate US HQ from California to Georgia
Cavan Companies Plans Third Build-to-Rent Community in Omaha Metro Area
Construction is expected to begin in May on a site encompassing approximately 16 acres. Continue Reading Cavan Companies Plans Third Build-to-Rent Community in Omaha Metro Area
R-Zero’s Expands Availability of Commercial Real Estate Energy Savings Tool Prospector AI
Prospector AI premiered exclusively in New York City last December. Continue Reading R-Zero’s Expands Availability of Commercial Real Estate Energy Savings Tool Prospector AI
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Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19% Continue Reading Mortgage Rates Tick Up Slightly
AG Bondi: ‘There is No Investigation into Bill Pulte’
It is unclear why Bondi waited three weeks to make this announcement. Continue Reading AG Bondi: ‘There is No Investigation into Bill Pulte’
NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Ken Yiu faces up to 30 years in prison and a maximum fine of $1 million for the mortgage fraud count and 20 years in prison and a maximum fine of $500,000 for the drug count. Continue Reading NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
The portfolio was aggregated over the last 12 months and encompasses diverse neighborhoods including Nob Hill, Russian Hill, The Castro, Potrero Hill, Hayes Valley, and the Sunset and Richmond Districts. Continue Reading Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
Boston City Council Votes to Raise Residential Property Taxes by 13%
Councilor Ed Flynn, a critic of Mayor Michelle Wu, argued the city needs to crack down on its spending. Continue Reading Boston City Council Votes to Raise Residential Property Taxes by 13%
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Newsom did not publicly comment on the lawsuit. Continue Reading Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Granite Real Estate Investment Trust to Delist from the NYSE
Granite has also filed an application for its units to be quoted on the OTCQX platform, to begin trading on or about Dec. 23. Continue Reading Granite Real Estate Investment Trust to Delist from the NYSE
Fed Cuts Rates by Quarter Point
The decision by the central bank’s policy making Federal Open Market Committee had three of the 12 committee members dissenting. Continue Reading Fed Cuts Rates by Quarter Point