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Texas AG Paxton Sues EPIC City Developers for Securities Fraud
“The leaders behind EPIC City have engaged in a radical plot to destroy hundreds of acres of beautiful Texas land and line their own pockets,” said Paxton. Continue Reading Texas AG Paxton Sues EPIC City Developers for Securities Fraud
Texas AG Paxton Sues EPIC City Developers for Securities Fraud
“The leaders behind EPIC City have engaged in a radical plot to destroy hundreds of acres of beautiful Texas land and line their own pockets,” said Paxton. Continue Reading Texas AG Paxton Sues EPIC City Developers for Securities Fraud
Neighborhood Ventures Acquires 24-Unit Arizona Multifamily Property via UPREIT Exchange
Neighborhood Ventures (NV), a real estate operator and an online real estate investment company that enables investments in multifamily properties, has acquired Route 66, a 24-unit multifamily property in Flagstaff, Arizona, via a Section 721 UPREIT exchange valued at...
Federal Reserve Cuts Rates Again
For the second time this year, the Federal Reserve has issued a rate cut. The central bank’s policy making Federal Open Market Committee voted to lower the target range for the federal funds rate by a 0.25% to a new range of 3.75% to 4%. All but two of the Committee’s...
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...
NEWS & CURRENT EVENTS
St. Louis Realtors Association Publishes Report on Racial Disparities in Region’s Housing
During the five years analyzed by the report, Black homebuyers purchased homes that are 40% to 58% lower in price than those of non-Black buyers. Continue Reading St. Louis Realtors Association Publishes Report on Racial Disparities in Region’s Housing
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...
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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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
Single-Family Housing Starts Inch Up, Permits in Decline
Single-family authorizations in May were at a rate of 898,000, a 2.7% below the revised April figure of 923,000. Continue Reading Single-Family Housing Starts Inch Up, Permits in Decline
Mortgage Application Activity Down by 2.6%
The refinance share of mortgage activity increased to 37.3% of total applications from 36.7% in the previous week. Continue Reading Mortgage Application Activity Down by 2.6%
Home Flipping Profits Down in Q1
The typical investor paid $260,000 for a home they flipped in the first quarter and sold the property for $325,000. Continue Reading Home Flipping Profits Down in Q1
Costco to Open First Standalone Gas Station
The new station will be based in the Los Angeles suburb of Mission Viejo. Continue Reading Costco to Open First Standalone Gas Station
Hilton and Marriott Expand Their Hotel Portfolios Across Africa
“We are witnessing a transformation of Africa’s tourism sector,” said Marriott’s Jerome Briet. Continue Reading Hilton and Marriott Expand Their Hotel Portfolios Across Africa
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