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Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
He was also sentenced to four years of supervised release and ordered to pay $2.16 million in restitution to the victims. Continue Reading Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
He was also sentenced to four years of supervised release and ordered to pay $2.16 million in restitution to the victims. Continue Reading Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
Federal Realty Investment Trust Buys Maryland Shopping Center for $187 Million
Federal Realty Investment Trust (NYSE: FRT) announced its $187 million acquisition of Annapolis Town Center, a 480,000-square-foot open-air shopping center in Anne Arundel County, Maryland. The 19-acre property was constructed in the 1960s as an enclosed mall and...
Report: Calgary Leads Canada with Greatest Property Tax Hike
Calgary homeowners are burdened with the greatest property tax hikes in Canada, according to the study “Taxing Our Way to Unaffordable Housing” published by the Aristotle Foundation. Calgary’s average annual property tax jumped by from $2,736 to $3,496 during the...
Barbara Corcoran Sells Duplex Manhattan Penthouse for $13.5 Million
Real estate mogul and “Shark Tank” star Barbara Corcoran has sold her duplex Manhattan penthouse for $13.5 million, which is more than $1.5 million of the original asking price. Realtor.com reported Corcoran acquired the property in 2015 for $10 million and spent $2...
NEWS & CURRENT EVENTS
Mortgage Application Activity Up 9.2%
The seasonally adjusted Purchase Index increased 7% from one week earlier but the unadjusted index retreated by 6%. Continue Reading Mortgage Application Activity Up 9.2%
Judge Temporarily Blocks Trump from Removing Lisa Cook from the Fed
“Removal was not meant to be based on the President’s assumptions about the official’s future performance as extrapolated from unproven conduct dating from before they assumed the office,” said Judge Cobb, Continue Reading Judge Temporarily Blocks Trump from Removing Lisa Cook from the Fed
Zillow Rolls Out AI-Powered Virtual Staging Feature
Virtual Staging is the first major integration of technology from Virtual Staging AI, which was first introduced through Zillow’s October 2024 acquisition of that company. Continue Reading Zillow Rolls Out AI-Powered Virtual Staging Feature
Compass Taps Ethan Glass as Chief Legal Officer
Glass most recently served as head of the global antitrust and competition practice at Cooley LLP. Continue Reading Compass Taps Ethan Glass as Chief Legal Officer
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Tomo Mortgage Closes $20 Million Series B Funding Round
The company plans to move its headquarters from Stamford, Connecticut, to New York City. Continue Reading Tomo Mortgage Closes $20 Million Series B Funding Round
Tel Aviv’s Housing Imbalance: Too Many Realtors, Too Few Deals
Tel Aviv recorded a total of 2,270 pre-owned home sales in 2024 while the market has 2,566 registered realtors. Continue Reading Tel Aviv’s Housing Imbalance: Too Many Realtors, Too Few Deals
Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes
The wealthiest 1% own a disproportionate 13.4% share of US real estate. Continue Reading Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes
NAR Debuts ‘Right by You’ Advertising Campaign
NAR stated the campaign marks a shift in its creative strategy from the agent-centric “Who We R” campaign. Continue Reading NAR Debuts ‘Right by You’ Advertising Campaign
NYC Completed Nearly 34,000 New Homes in 2024
Only 15,626 permits for new housing were received last year. Continue Reading NYC Completed Nearly 34,000 New Homes in 2024
Winnipeg Real Estate Agents Disciplined for Withholding Information from Homebuyer
The exact nature of the disciplinary measures was not disclosed. Continue Reading Winnipeg Real Estate Agents Disciplined for Withholding Information from Homebuyer
Franklin BSP Realty Trust Acquires NewPoint Holdings
The financial terms of the deal were not disclosed. Continue Reading Franklin BSP Realty Trust Acquires NewPoint Holdings
Lack of Affordable Housing Blamed for Corporations Not Placing HQ in Cyprus
The Association of Large Investment Projects called on the Cypriot government to cut delaying red tape. Continue Reading Lack of Affordable Housing Blamed for Corporations Not Placing HQ in Cyprus
Report: Housing Supply Gap at Nearly 4 Million in 2024
Total housing starts last year were at their lowest level since 2020. Continue Reading Report: Housing Supply Gap at Nearly 4 Million in 2024
Wells Fargo Sues JPMorgan Over Defaulted $481 Million Loan
The lawsuit alleged JPMorgan knew the seller overstated the properties’ historical net operating income by 25%. Continue Reading Wells Fargo Sues JPMorgan Over Defaulted $481 Million Loan
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