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Report: Home Delistings Up 28% Year-Over-Year
Roughly one in five homes that were delisted over the summer were re-listed within three months. Continue Reading Report: Home Delistings Up 28% Year-Over-Year
Report: Home Delistings Up 28% Year-Over-Year
Roughly one in five homes that were delisted over the summer were re-listed within three months. Continue Reading Report: Home Delistings Up 28% Year-Over-Year
Ground Broken for New 10,000-Seat Arena in Reno
Reno-based Grand Sierra Resort (GSR) announced the groundbreaking on its new 10,000-seat arena that will be the future home of the University of Nevada men's basketball team. The $435 million GSR Arena will span 300,000 square feet and seat up to 10,000 guests. The...
Mortgage Rates Rise for Second Straight Week
Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...
Report: One in Five Homes Had Price Reductions in September
Nearly one in five homes carried a price reduction during September, according to new data from Realtor.com. Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Homes priced between...
NEWS & CURRENT EVENTS
Hits and Misses for the Real Estate Week of Sept. 1-5
A decades-old crime is solved, an emergency without urgency is declared, and bizarre happenings in the UK and Canada. Continue Reading Hits and Misses for the Real Estate Week of Sept. 1-5
Grant Cardone Pushes for Multifamily Construction to Alleviate Housing Shortage
“America cannot build ‘affordable housing’ at enough scale to offset this,” he said. Continue Reading Grant Cardone Pushes for Multifamily Construction to Alleviate Housing Shortage
Philadelphia Launches System to Detect Deed Fraud with Forgeries of Dead Homeowners
The city’s Department of Records found 111 cases of deed fraud last year. Continue Reading Philadelphia Launches System to Detect Deed Fraud with Forgeries of Dead Homeowners
Study: Detroit Property Taxes Could Be Cut if City Enacts Admissions Tax on Events
Detroit is one of the few large cities that does not charge admission taxes on events. Continue Reading Study: Detroit Property Taxes Could Be Cut if City Enacts Admissions Tax on Events
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Lennar to Build 1,500 Colorado Homes with Geothermal Systems
The endeavor will take advantage of Colorado’s state tax credit for geothermal heat pumps. Continue Reading Lennar to Build 1,500 Colorado Homes with Geothermal Systems
Report: Typical Homeowner’s Insurance Premium Up 24% Since 2021
The states with the greatest percentage increase in premiums were Utah (59%), Illinois (50%), Arizona (48%), and Pennsylvania (44%). Continue Reading Report: Typical Homeowner’s Insurance Premium Up 24% Since 2021
Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes
Aron Puretz, his son, Chaim “Eli” Puretz, Moshe “Mark” Silber and Fredrick Schulman were sentenced. Continue Reading Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes
FBI Warns of Rise in Quit Claim Deed Fraud Across New England
The FBI noted that 58,141 victims reported $1.3 billion in losses relating to real estate fraud nationwide between 2019 through 2023. Continue Reading FBI Warns of Rise in Quit Claim Deed Fraud Across New England
Slowing in Refinance Drives Down Mortgage Application Activity
The median sales price of new houses sold in February was $414,500. Continue Reading Slowing in Refinance Drives Down Mortgage Application Activity
Builders Call on Congress to Reform Regulations on Home Construction
NAHB cited a shortage of roughly 1.5 million housing units that the organization blamed on the regulatory process. Continue Reading Builders Call on Congress to Reform Regulations on Home Construction
GAO, at Democrats’ Behest, to Probe Cuts to HUD’s Fair Housing Program
The GAO said “staff with the required skills will be available shortly to initiate an engagement.” Continue Reading GAO, at Democrats’ Behest, to Probe Cuts to HUD’s Fair Housing Program
Kamala Harris to Appear at Australian Real Estate Conference
She is the only guest speaker who is not being made available for media interviews. Continue Reading Kamala Harris to Appear at Australian Real Estate Conference
CMBS Delinquency Rate Up in March
Last month, the overall delinquent balance was $39.3 billion, up from $36 billion in February. Continue Reading CMBS Delinquency Rate Up in March
Report: 1 in 5 Homes Sold for More Than Their Original List Price
Nearly two-thirds of transactions (64.2%) were closed for less than their original list price. Continue Reading Report: 1 in 5 Homes Sold for More Than Their Original List Price
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