Featured Real Estate News
Vietnam Bank to Auction Assets of Convicted Real Estate Mogul Behind Nation’s Largest Fraud Case
The Vietnamese bank at the center of that nation’s largest fraud case is preparing to auction a portfolio of assets belonging to convicted real estate tycoon Truong My Lan. The Japan Times is reporting Saigon Commercial Bank is planning to hire an auction firm to...
Vietnam Bank to Auction Assets of Convicted Real Estate Mogul Behind Nation’s Largest Fraud Case
Truong My Lan’s sentence was changed to life imprisonment when Vietnam abolished the death penalty for certain economic crimes. Continue Reading Vietnam Bank to Auction Assets of Convicted Real Estate Mogul Behind Nation’s Largest Fraud Case
Nicholas Adler Named Board Chairman at La Rosa Holdings
La Rosa Holdings Corp. (NASDAQ: LRHC), the Celebration, Florida-based real estate and proptech company, announced the appointment of Nicholas Adler as a member of the board of directors, where he is taking on the titles of chairman of the board, chairman of the...
New Data Reports Highlight Mild But Continued Home Price Acceleration
Two new data reports are highlighting mild increases in home prices during October. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.4% annual gain for October, up from a 1.3% rise in the previous month. The 10-City Composite showed an...
Georgia Home Sales Down 9% During November
Georgia recorded a total of 8,249 closed sales during November, a 9% year-over-year decline, while pending sales experienced a 7% drop to 8,241 transactions. According to data from the Georgia Association of Realtors, pending sales were down across all property types...
News & Current Events
Gene Simmons Relists Beverly Hills Estate with $1 Million Price Cut
In April, he listed the property for just under $14 million but later withdrew the listing when there was no buyer interest. Continue Reading Gene Simmons Relists Beverly Hills Estate with $1 Million Price Cut
Chicago Board of Education Approves Small Property Tax Hike
For a Chicago household with a $250,000 home, they will have to pay an additional $8 next year. Continue Reading Chicago Board of Education Approves Small Property Tax Hike
DOJ Announces Settlement with LivCor on Rental Housing Price Fixing
The consent decree does not carry a financial penalty or the acknowledgment of wrongdoing. Continue Reading DOJ Announces Settlement with LivCor on Rental Housing Price Fixing
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Anyone.com, a New Platform for Residential Real Estate Sales, is Launched
The platform offers a database of over 31 million properties for sale worldwide. Continue Reading Anyone.com, a New Platform for Residential Real Estate Sales, is Launched
Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay
While the median list price rose 6.2% year-over-year in March. the median sale price only rose by 2.5% Continue Reading Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay
Q1 US Homeownership Rate Down Slightly
The first quarter homeownership rate was highest in the Midwest (69.3%), followed by the South (67.1%), then the Northeast (61.0%) and the West (60.6%). Continue Reading Q1 US Homeownership Rate Down Slightly
Manufactured Housing Market Forecast to Reach $390 Billion by 2034
The forecast noted that Texas, Florida, and California are among the leading states for manufactured home shipments and community development. Continue Reading Manufactured Housing Market Forecast to Reach $390 Billion by 2034
New Data Reports Find Home Prices Rising at Slower Pace
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.9% annual return for February. Continue Reading New Data Reports Find Home Prices Rising at Slower Pace
Phoenix Man Fined by State for Real Estate Investment Fraud
Gary Martin spent investor funds on personal expenses, including the payment of his mother’s rent. Continue Reading Phoenix Man Fined by State for Real Estate Investment Fraud
NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump
State Sen. Brad Hoylman-Sigal said, “We must hold our government officials to the highest standard.” Continue Reading NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump
Investor Indicted in $7 Million Brooklyn Deed Fraud Theft
Wing Fung Chau was arraigned on two counts of first-degree grand larceny and three counts of first-degree falsifying business records. Continue Reading Investor Indicted in $7 Million Brooklyn Deed Fraud Theft
Washington Commanders Announce Plans for New Stadium at DC’s RFK Site
The NFL’s Washington Commanders have agreed to a deal with the District of Columbia that will result in creation of a nearly $4 billion, 65,000-seat stadium on the site of Robert F. Kennedy (RFK) Memorial Stadium. According to combined media reports, the stadium is...