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NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Ken Yiu faces up to 30 years in prison and a maximum fine of $1 million for the mortgage fraud count and 20 years in prison and a maximum fine of $500,000 for the drug count. Continue Reading NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Ken Yiu faces up to 30 years in prison and a maximum fine of $1 million for the mortgage fraud count and 20 years in prison and a maximum fine of $500,000 for the drug count. Continue Reading NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Mortgage Rates Inch Up Slightly
Mortgage rates inched up in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.30% as of Sept. 25, up from last week when it averaged 6.26%. A year ago at this time, it averaged 6.08%. The...
Existing Home Sales Remain Flat
Existing home sales were mostly flat in August, dipping by a scant 0.2% from July to a seasonally adjusted annual rate of 4 million, according to the National Association of Realtors (NAR). On a year-over-year basis, sales were up by 1.8%. Regionally, month-over-month...
Report: Housing in Q3 Grows Less Affordable Across Most of the Country
Median-priced single-family homes and condos were less affordable during the third quarter compared to historical averages in 99% of counties with sufficient data to analyze, according to a new report from ATTOM. While that was the same high rate as the second...
NEWS & CURRENT EVENTS
USDA to Cease Funding Solar and Wind Power Installations on Farmland
Solar and wind projects are no longer eligible for the Rural Development Business and Industry Guaranteed Loan Program. Continue Reading USDA to Cease Funding Solar and Wind Power Installations on Farmland
Housing Starts Up in July
However, the increase in housing starts did not spark much enthusiasm among industry experts. Continue Reading Housing Starts Up in July
Plymouth Industrial REIT Receives Unsolicited Takeover Bid from Sixth Street Partners
In a press statement, Plymouth said its board of directors “will carefully evaluate the proposal to determine the course of action it believes is in the best interests of all Plymouth shareholders.” Continue Reading Plymouth Industrial REIT Receives Unsolicited Takeover Bid from Sixth Street Partners
New Report Names America’s ‘Most Fun State’
West Virginia ranked last among the 50 states. Continue Reading New Report Names America’s ‘Most Fun State’
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Living Realty Joins Keller Williams
Since Jan. 1, 2023, Living Realty has sold more than $1.1 billion in real estate. Continue Reading Living Realty Joins Keller Williams
IMF Warns of Housing Affordability Crisis in The Bahamas
The study went one step further by questioning what the local population is being paid. Continue Reading IMF Warns of Housing Affordability Crisis in The Bahamas
Inmate Charged with Running $10 Million Real Estate Fraud Scheme from Prison
Seth Adam Depiano was sentenced in 2018 to more than 12 years in prison for running a $24 million fraud scheme. Continue Reading Inmate Charged with Running $10 Million Real Estate Fraud Scheme from Prison
State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies
“We are putting tens of millions of dollars back into customers’ hands,” the company said. Continue Reading State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies
California Home Sales Up Nearly 20% Year-Over-Year
The December statewide median price of $861,020 was up by 1% from November’s price of $852,880. Continue Reading California Home Sales Up Nearly 20% Year-Over-Year
Appraisal Foundation Seeks Candidates for Board of Trustees
The board meets twice a year and trustees are reimbursed for travel expenses only. Continue Reading Appraisal Foundation Seeks Candidates for Board of Trustees
Hits and Misses for the Real Estate Week of Jan. 13-17
New leaders for the FHFA and HUD, the status quo at the CFPB and State Farm staying out of the TV spotlight. Continue Reading Hits and Misses for the Real Estate Week of Jan. 13-17
HUD Charges Texas Homeowners Association with Discrimination
The Charge alleged that Providence Homeowners Association twice enacted these rules to reduce the number of Black families in the town. Continue Reading HUD Charges Texas Homeowners Association with Discrimination
Clear Investment Group Acquires DC-Based Multifamily Complex
The financial terms of the acquisition were not disclosed. Continue Reading Clear Investment Group Acquires DC-Based Multifamily Complex
Developers Propose Building Tallest-Ever American Skyscraper in NYC
The project, dubbed 175 Park Avenue, would rise 1,575 feet tall and cost as much as $6.5 billion. Continue Reading Developers Propose Building Tallest-Ever American Skyscraper in NYC
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