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Owner of Minnesota Lodge Resort Charged with Torching the Property
He submitted a $16.5 million insurance claim, citing “a fire of unknown origin” as the cause of the destruction. Continue Reading Owner of Minnesota Lodge Resort Charged with Torching the Property
Owner of Minnesota Lodge Resort Charged with Torching the Property
He submitted a $16.5 million insurance claim, citing “a fire of unknown origin” as the cause of the destruction. Continue Reading Owner of Minnesota Lodge Resort Charged with Torching the Property
Pending Home Sales Flat in September
Pending home sales in September were unchanged from August and were down 0.9% from one year earlier, according to the data from the National Association of Realtors. Month-over-month and year-over-year pending home sales were up in the Northeast and South but declined...
Report: Sales of Newly Built Homes at 4-Year Low
Newly built homes accounted for 26.8% of single-family homes for sale nationwide in August, according to a new data report from Redfin. This is down from 28.2% one year ago and 30.6% two years prior, and it also marked the lowest level in four years. Redfin attributed...
Mortgage Application Activity Rebounds After 4 Weeks in Decline
After four consecutive weeks of declining momentum, mortgage application activity perked up for the week ending Oct. 24, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
NEWS & CURRENT EVENTS
6 Indictments Announced in Deed Theft of $1 Million Harlem Brownstone
“During a time when housing is scarce, I will not stand for fraudsters coming to Harlem to try and perpetrate these pernicious schemes,” said Manhattan District Attorney Alvin Bragg. Continue Reading 6 Indictments Announced in Deed Theft of $1 Million Harlem Brownstone
Coalition of San Francisco Community Groups and Unions Urge Boycott of Airbnb
The coalition said their boycott was “motivated by Airbnb’s ties to President Trump’s anti-worker agenda.” Continue Reading Coalition of San Francisco Community Groups and Unions Urge Boycott of Airbnb
Clark County Commissioners Give OK for $2 Billion Las Vegas A’s Stadium
The commissioners in Nevada’s Clark County have unanimously voted their approval of the $2 billion Las Vegas baseball stadium for the Athletics franchise. SportsPro.com reports the county’ approval clears the process that will enable the team to access up to $380...
Mortgage Credit Availability Edged Up in September
“Mortgage credit availability increased to its highest level in four months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Edged Up in September
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Washington Attorney General Sues 5 Properties for Deceiving Low-Income Senior Tenants
The lawsuit said these were violations of the Consumer Protection Act. Continue Reading Washington Attorney General Sues 5 Properties for Deceiving Low-Income Senior Tenants
Ginnie Mae MBS Portfolio Reached $2.76 Trillion in May
Year-to-date, Ginnie Mae facilitated the pooling and securitization of 268,000 loans for first-time homebuyers. Continue Reading Ginnie Mae MBS Portfolio Reached $2.76 Trillion in May
QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.
“Our all-cash proposal to acquire GMS for $95.20 per share delivers immediate and certain value to GMS shareholders at a meaningful premium,” said QXO’s Brad Jacobs, Continue Reading QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.
California Home Sales, Median Price Down in May
Total active listings in May rose on a year-over-year basis by nearly 50%. Continue Reading California Home Sales, Median Price Down in May
Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays
Zalupski is the founder and CEO of Dream Finders Homes. Continue Reading Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays
Federal Reserve Holds Rates Steady, Ignoring Trump’s Exhortations
“Maybe I should go to the Fed,” Trump said in a jokey manner. Continue Reading Federal Reserve Holds Rates Steady, Ignoring Trump’s Exhortations
Mortgage Rates Trickle Lower
The 30-year fixed-rate mortgage averaged 6.81% as of June 18. Continue Reading Mortgage Rates Trickle Lower
Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers using VA loans are most concentrated near large military communities like San Antonio, Virginia Beach, and Colorado Springs. Continue Reading Gen Z Accounts for 12% of VA Purchase Loan Market
PNC Announces $208 Million Affordable Housing Fund
The fund includes investments from PNC and seven other financial services and insurance companies Continue Reading PNC Announces $208 Million Affordable Housing Fund
Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
Roughly two-thirds (67%) of baby boomer homeowners have lived in their home for 16-plus years. Continue Reading Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
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