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2 Mexican Nationals Arrested for Fraudulent Home Sales
Victor Hugo Villalobos Almazan and Nayeli Noemi Montoya Rodriguez pretended to be the owners of vacant or undeveloped plots of real estate. Continue Reading 2 Mexican Nationals Arrested for Fraudulent Home Sales
2 Mexican Nationals Arrested for Fraudulent Home Sales
Victor Hugo Villalobos Almazan and Nayeli Noemi Montoya Rodriguez pretended to be the owners of vacant or undeveloped plots of real estate. Continue Reading 2 Mexican Nationals Arrested for Fraudulent Home Sales
Report: 15% of Home Purchase Agreements Canceled in August
Roughly 56,000 home purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month, according to a new data report from Redfin. This is up from 14.3% one year earlier and marked the highest August rate in records dating back...
Miami Activist Sues to Block Transfer of Land for Future Trump Presidential Library
A Miami activist has filed a lawsuit claiming city officials violated Florida’s open government law in gifting a downtown parcel to the state, which was then transferred to the foundation behind Donald Trump’s future presidential library. The Associated Press reports...
Placemakr Expands into Arizona Market with Pop-Up Phoenix Property
Placemakr, a flexible-use hospitality and multifamily platform, has expanded into the Arizona market with a new pop-up hotel in downtown Phoenix. Placemakr's pop-up properties are tailored to meet the needs of the "bleisure" traveler, guests who are in town for...
NEWS & CURRENT EVENTS
Mortgage Rates Drop to 11-Month Low
The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 11. Continue Reading Mortgage Rates Drop to 11-Month Low
Year-Over-Year Foreclosure Activity Up for Sixth Straight Month
One in every 3,987 housing units had a foreclosure filing last month. Continue Reading Year-Over-Year Foreclosure Activity Up for Sixth Straight Month
Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable
Insurance challenges have forced one-third (33.7%) of home searchers to change the geographic area where they are looking for a home Continue Reading Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable
Mortgage Credit Availability Inched Up During August
“Mortgage credit availability increased slightly in August, driven by a small increase in ARM product offerings, which was similar to what we saw in July,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inched Up During August
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Kansas Real Estate Agent Indicted for Tax Evasion and Wire Fraud
By 2020, Michelle O’Connor owed the IRS nearly $500,000 in taxes, penalties, and interest. Continue Reading Kansas Real Estate Agent Indicted for Tax Evasion and Wire Fraud
Cincinnati Bengals Want $350 Million from Ohio to Renovate Stadium
The NFL’s Cincinnati Bengals and the commissioners of Ohio’s Hamilton County are asking the state government for $350 million for what they describe as an “overhaul of Paycor Stadium.” The Cincinnati Business Courier reports the requested money would cover 42% of an...
New Jersey Shopping Plaza Sells for $44 Million
The property is approximately 90% leased and anchored by Aldi, Burlington and Urban Air. Continue Reading New Jersey Shopping Plaza Sells for $44 Million
Finland Passes Law Banning Russians from Buying Real Estate
Minister of Defense Antti Häkkänen said, “This decision sends a clear message — we will not allow Finland to be undermined.” Continue Reading Finland Passes Law Banning Russians from Buying Real Estate
Two Illinois MLSs Team on Data-Sharing Partnership
“This is a major step toward improving real estate collaboration,” said MRED President and CEO Rebecca Jensen. Continue Reading Two Illinois MLSs Team on Data-Sharing Partnership
Home Price Increases Slowed for the Third Consecutive Month
Prices have increased for 21 consecutive months, with price appreciation peaking at 5.6% in December. Continue Reading Home Price Increases Slowed for the Third Consecutive Month
New Bipartisan Effort to Upgrade Affordable Housing Credit Program
Reps. Darin LaHood (R-IL), Suzan DelBene (D-WA) reintroduced the bill. Continue Reading New Bipartisan Effort to Upgrade Affordable Housing Credit Program
Airbnb’s SuperPAC Aims $5 Million at NYC Election Campaigns
Airbnb has yet to financially back any of the candidates for mayor. Continue Reading Airbnb’s SuperPAC Aims $5 Million at NYC Election Campaigns
Toronto Office Building to Become Loft-Style Residential Property
The e-lofts are being aimed at “young professionals, creatives, and urban families seeking a dynamic live/work lifestyle.” Continue Reading Toronto Office Building to Become Loft-Style Residential Property
Penthouse in World’s Tallest Building Listed for $51 Million
The 107th and 108th floors of the Burj Khalifa are approximately 1,300 feet above the streets of Dubai. Continue Reading Penthouse in World’s Tallest Building Listed for $51 Million
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