Featured Real Estate News
Las Vegas Home Sales and Prices Down Amid Expanded Listings
The Las Vegas housing market recorded a total of 2,088 sales of single-family homes, condos and townhomes during February. According to data from Las Vegas Realtors, this represented a 9.4% year-over-year decline in single-family home sales and an 8% decline for condo...
Las Vegas Home Sales and Prices Down Amid Expanded Listings
The median price of existing single-family homes was $481,995, a 0.6% drop from one year ago. Continue Reading Las Vegas Home Sales and Prices Down Amid Expanded Listings
Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
Blake Floyd Cozzens of Cedar City, Utah, was sentenced today to 25 months’ imprisonment for wire fraud and bank fraud for embezzling money from homeowners associations (HOAs), property owners, and tenants, as well as fraudulently obtaining money from a bank and a...
Report: Median Asking Rent Down for 28th Straight Month
The median asking rent for 0–2 bedroom units fell for the 28th consecutive month on a year-over-year basis during November, according to the Realtor.com November Rental Report. The national median is now at $1,693, down $17 (or 1.0%) from last November. However, it is...
Newmark Grows Global Presence in Korea and Middle East
Newmark Group Inc. (NASDAQ: NMRK) is growing its global presence with the opening of its first office in South Korea and the expansion of its team focused on the Middle East. The new South Korean office is based in the capital city of Seoul and will be led by John...
News & Current Events
New Coalition Seeks to Protect Quartz Industry Jobs
“The US quartz industry is an American success story built by small and family-owned American businesses,” said Rupesh Shah, co-CEO of the distributor M S International. Continue Reading New Coalition Seeks to Protect Quartz Industry Jobs
Von Maur Department Stores to Open First New Jersey Location
The three-level, approximately 164,000 square foot Von Maur location expects to employ approximately 150 full-time and part-time associates. Continue Reading Von Maur Department Stores to Open First New Jersey Location
New Home Purchase Mortgage Applications Up 3.1% in November
The average loan size for new homes decreased from $381,404 in October to $378,063 in November. Continue Reading New Home Purchase Mortgage Applications Up 3.1% in November
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Mortgage Rates Decline for Second Straight Week
Q1 Foreclosure Filings Up 26% From Last Year
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DR Horton Begins Pre-Selling New Community in Texas
The company added that pricing on the lots begin in the high $300,000s. Continue Reading DR Horton Begins Pre-Selling New Community in Texas
Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
The property is 100% leased on a short-term basis. Continue Reading Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
Shane Paladin Out as SmartRent Chief Executive After Two Months
John Dorman, chairman of the board, has been appointed interim CEO. Continue Reading Shane Paladin Out as SmartRent Chief Executive After Two Months
30-Year Fixed-Rate Mortgage Down for 12th Straight Week
The 15-year fixed-rate mortgage averaged 5.82%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Down for 12th Straight Week
Foreclosure Activity Up During Q1
Lenders repossessed 9,691 properties through foreclosure (REO) in first quarter. Continue Reading Foreclosure Activity Up During Q1
Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
In addition to his prison sentence, Sannikov must pay $2.19 million in remaining restitution to four victims. Continue Reading Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Edward James Mitchell Jr. is scheduled to be sentenced on July 8. Continue Reading St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Washington State Lawmakers Consider Bill to Raise Property Tax Cap
“Without a doubt, if this property tax goes into effect, many will be forced to foreclose on their homes,” said the Washington State Republican Party. Continue Reading Washington State Lawmakers Consider Bill to Raise Property Tax Cap
Florida Realtors Oppose Bill to Eliminate State’s Real Estate Commission
“Removing FREC from the regulation of the real estate profession is too big a risk to take,” said CEO Margy Grant. Continue Reading Florida Realtors Oppose Bill to Eliminate State’s Real Estate Commission