Featured Real Estate News
R-Zero’s Expands Availability of Commercial Real Estate Energy Savings Tool Prospector AI
R-Zero, a San Francisco-headquartered smart building platform focused on reducing energy use and operational costs, announced the nationwide expansion of Prospector AI, its proprietary data analytics software that identifies immediate energy savings for commercial...
R-Zero’s Expands Availability of Commercial Real Estate Energy Savings Tool Prospector AI
Prospector AI premiered exclusively in New York City last December. Continue Reading R-Zero’s Expands Availability of Commercial Real Estate Energy Savings Tool Prospector AI
Florida Dominated December’s Luxury Real Estate Market
Florida dominated the luxury real estate market in December, with six of the 10 priciest home sales of the month originating in the Sunshine State. According to data from Redfin, the month’s most expensive sale – a five-acre compound in coastal Miami – was also the...
Top Ranking Democrat Questions Trump’s Proposed Ban on Institutional Investors in Housing Market
The ranking member of the House of Representatives’ Financial Services Subcommittee on Housing and Insurance is finding fault with President Trump’s proposal to ban institutional investors from buying single-family homes. In an interview with the Washington Examiner,...
Pittsburgh’s Housing Authority Advertises for New Executive Director
The Housing Authority of the City of Pittsburgh (HACP) is advertising for a new executive director. The contract for the current executive director, Caster Binion, expires at the end of March. Binion has been at his job for more than 10 years and expressed an interest...
News & Current Events
Existing Home Sales Up 5.8% in December
The $405,400 median existing home price for all housing types marked a 0.4% uptick from the $403,700 price set one year before. Continue Reading Existing Home Sales Up 5.8% in December
FHFA’s Pulte Threatens Builders Over Stock Repurchasing
“Our preference is to use carrots, but sticks are on the table,” Pulte said. Continue Reading FHFA’s Pulte Threatens Builders Over Stock Repurchasing
Alec Baldwin Shoots Down the Price on Hamptons Mansion
The property is now being offered at $19.9 million. Continue Reading Alec Baldwin Shoots Down the Price on Hamptons Mansion
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Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor
“This isn’t just about one deal,” said Cox. Continue Reading Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor
New Bipartisan Bill Seeks Government Support for ADU Construction
The lawmakers stated the construction of new ADUs is needed to address the national housing shortage. Continue Reading New Bipartisan Bill Seeks Government Support for ADU Construction
Single-Family Housing Starts and Permits Down in June
Privately-owned housing were at a seasonally adjusted annual rate of 1.321 million, which is 4.6% above the revised May estimate of 1.26 million. Continue Reading Single-Family Housing Starts and Permits Down in June
Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury
Rep. Luna, a two-term representative, offered no evidence that backed her perjury accusation. Continue Reading Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury
Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions
Singa Bui was charged with 24 counts of fraud over $5,000, 17 counts of criminal breach of trust and one count of possession of proceeds of crime over $5,000. Continue Reading Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions
14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC
The crypto transaction will be facilitated by Guaranty Escrow. Continue Reading 14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC
California Home Sales Up, Reversing 3-Month Slump
California’s median home price fell for the second straight month in June to $899,560. Continue Reading California Home Sales Up, Reversing 3-Month Slump
Mortgage Rates on the Rise Again
The 30-year fixed-rate mortgage averaged 6.75% as of July 17. Continue Reading Mortgage Rates on the Rise Again
Ex-Bishop of AME Zion Church Pleads Guilty to Defrauding California Congregations
Staccato Powell pleaded guilty to wire fraud, mail fraud, conspiracy to commit wire fraud and mail fraud as part of a scheme to gain control of church properties via forged documents and false statements. Continue Reading Ex-Bishop of AME Zion Church Pleads Guilty to Defrauding California Congregations