Featured Real Estate News
Mortgage Rates Rise for Fifth Straight Week
Mortgage rates for the fifth straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.46% as of April 2, up from last week when it averaged 6.38%. A year ago at this time, it...
Mortgage Rates Rise for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.46% as of April 2, up from last week when it averaged 6.38%. Continue Reading Mortgage Rates Rise for Fifth Straight Week
APW Avenue Group Acquires Reno Apartment Community for $96 Million
APW Avenue Group, a Los Angeles-headquartered real estate investment and development firm, has acquired The Village at Iron Blossom, a 401-unit apartment community in South Reno, Nevada, for $96 million. The property offers residences in one-, two- and three-bedroom...
Ex-Massachusetts Realtor Pleads Guilty to $11 Million Embezzlement
A former Massachusetts realtor who was indicted on multiple charges including embezzlement was sentenced to two-to-three years in prison followed by five years of probation after changing his plea to guilty. WCBV reports Stephen Webster, the owner of the now-defunct...
The Best Market for First-Time Homebuyers Is…
A new analysis by Zillow (NASDAQ: Z, ZG) of housing markets where first-time buyers can find a robust selection of affordable properties has ranked Jacksonville, Florida, as the best market for newcomers to homeownership. According to Zillow, Jacksonville leads a list...
News & Current Events
Florida CFO: Abolishing Property Taxes is Unlikely
“I don’t think we’re going to wind up with the place where we get rid of property taxes altogether on homestead or properties,” said Blaise Ingoglia. Continue Reading Florida CFO: Abolishing Property Taxes is Unlikely
Finance of America Reverse Debuts HomeSafe Second Line of Credit
The product is now available in California, with a further rollout planned in the coming weeks. Continue Reading Finance of America Reverse Debuts HomeSafe Second Line of Credit
Trump: State Farm is ‘Absolutely Horrible’ in Handling LA Wildfire Claims
“State Farm, and others, should get their act together, and treat people fairly,” Trump said. Continue Reading Trump: State Farm is ‘Absolutely Horrible’ in Handling LA Wildfire Claims
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Exclusive News
Chicago Bears CEO Pledges to Make a Stadium Decision in ‘Late Spring, Early Summer’
“I don’t think in the end it’s going to matter to people,” said Bears Chairman George H. McCaskey. Continue Reading Chicago Bears CEO Pledges to Make a Stadium Decision in ‘Late Spring, Early Summer’
Illinois Gov. Pritzker: Don’t Blame Me for High Property Taxes
Pritzker added the state was trying to alleviate the tax burden by providing more money for education. Continue Reading Illinois Gov. Pritzker: Don’t Blame Me for High Property Taxes
Ryan Griffin Named President at Home Run Financing
Griffin joined Home Run Financing in 2019 as vice president of compliance and corporate counsel. Continue Reading Ryan Griffin Named President at Home Run Financing
Smart Capital Center Rolls Out AI-Powered Fraud Alerts Solution
Fraud Alerts uses an AI-driven framework that continuously analyzes property-level documentation. Continue Reading Smart Capital Center Rolls Out AI-Powered Fraud Alerts Solution
Convicted Florida Felon Pleads Guilty in $50 Million Real Estate Investment Fraud Scheme
Jean Joseph, also known as “Jon,” of Boca Raton, pleaded guilty to conspiracy to commit money laundering. Continue Reading Convicted Florida Felon Pleads Guilty in $50 Million Real Estate Investment Fraud Scheme
Mortgage Application Activity Slows Amid Decline in Refinancing
The VA share of total applications increased to 16.1% from 15.9%. Continue Reading Mortgage Application Activity Slows Amid Decline in Refinancing
Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
“We are choosing to say that the people who own homes really are more important,” said Sen. Sonya Halpern (D-Atlanta). Continue Reading Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
NFL’s Goodell: Bears Need to Secure New Stadium Deal ‘Sooner Than Later’
Goodell ruled out having the team remaining at Soldier Field, their longtime Chicago home. Continue Reading NFL’s Goodell: Bears Need to Secure New Stadium Deal ‘Sooner Than Later’
Apollo Funds Acquire UK’s Gatehouse Living Group
The financial terms of the deal were not disclosed. Continue Reading Apollo Funds Acquire UK’s Gatehouse Living Group