Featured Real Estate News
CFPB Updates Rule on Lender Adherence to Equal Credit Opportunity Act
The Consumer Financial Protection Bureau (CFPB) has replaced its rule requiring lenders to adhere to the 1974 Equal Credit Opportunity Act (ECOA). The ECOA was designed to prohibit disparate impact discrimination by lenders who create policies that inadvertently...
CFPB Updates Rule on Lender Adherence to Equal Credit Opportunity Act
Acting CFPB Director Russ Vought argued that the ECOA encouraged “new forms of discrimination.” Continue Reading CFPB Updates Rule on Lender Adherence to Equal Credit Opportunity Act
Existing Home Sales Down During March
Existing home sales during March were down by 3.6% from February to a seasonally adjusted annual rate of 3.98 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales were down by 1%. Month-over-month sales...
A Phil Hall Op-Ed: How Does ChatGPT View Honesty Among Realtors?
A Phil Hall Op-Ed: I know that I am rather late to the digital party, but I recently began playing around with ChatGPT and I find it to be an amusing distraction when I have a few minutes to kill and no intelligent solution for using that free time. I am extremely...
Texas Gov. Abbott Proposes Tax Relief Plan
Texas Gov. Greg Abbott has proposed a “taxpayer empowerment plan” designed to lower property taxes on homeowners. Abbott, who is seeking a fourth term as governor, used his Substack page to present five key points for his plan: Property tax increases must be voted on...
News & Current Events
Peachtree Group Taps Mike Morey as EVP for Capital Markets
Earlier in his career, he served as vice president and regional manager at Intervest Mortgage Investment Co. Continue Reading Peachtree Group Taps Mike Morey as EVP for Capital Markets
Activist Investor Withdraws Demand for Board Change at CoStar Group
Daniel Loeb, the billionaire activist investor founder and CEO of the alternative asset management firm Third Point LLC, has withdrawn his threat of a proxy fight to force a change of leadership at CoStar Group (NASDAQ: CSGP). According to a Reuters report citing...
Interra Capital Group Acquires Houston’s Greenway Plaza Office Campus
The property is roughly 57% occupied. Continue Reading Interra Capital Group Acquires Houston’s Greenway Plaza Office Campus
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Walton Global Debuts US Land Fund for International Investors
The fund has been certified as Shariah-compliant by Masryef Advisory. Continue Reading Walton Global Debuts US Land Fund for International Investors
Mortgage Application Activity Sinks Amid Pullback in Refinancing
“Purchase applications remained steady despite the higher rates,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks Amid Pullback in Refinancing
Keith Pettigrew Selected to Become New CEO at Chicago Housing Authority
The CHA has been without a CEO for the past 16 months. Continue Reading Keith Pettigrew Selected to Become New CEO at Chicago Housing Authority
NY Attorney General Files Fraud Lawsuit Against Home Improvement Company Attyx
.“Attyx preyed on vulnerable and elderly homeowners with false promises and predatory tactics,” said Attorney General Letitia James. Continue Reading NY Attorney General Files Fraud Lawsuit Against Home Improvement Company Attyx
Dodger Stadium Sells Field Naming Rights to Japanese Brand Uniqlo
The financial aspects of the deal were not disclosed. Continue Reading Dodger Stadium Sells Field Naming Rights to Japanese Brand Uniqlo
California Home Sales and Prices Up in February
California’s median home price in February was $830,370, up by less than 1% from 23-month low of $823,180 in January. Continue Reading California Home Sales and Prices Up in February
Tempus Realty Partners Acquires Industrial Portfolio for $22.2 Million
The portfolio includes five assets across two properties spanning a total of 311,158 square feet on 23 acres. Continue Reading Tempus Realty Partners Acquires Industrial Portfolio for $22.2 Million
Neighborhood Ventures Acquires 86-Unit Phoenix Multifamily Community for $19.5 Million
The acquisition further expands Neighborhood Ventures’ portfolio of Phoenix-area multifamily properties. Continue Reading Neighborhood Ventures Acquires 86-Unit Phoenix Multifamily Community for $19.5 Million
Pending Home Sales Up in February
“The slight gain in pending contracts appears to be driven by improved affordability conditions,” said NAR’s Lawrence Yun. Continue Reading Pending Home Sales Up in February