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Hits and Misses for the Real Estate Week of March 30-April 3
Trump takes aim at State Farm, the Justice Department fights for natural gas appliances, and a mural that memorializes a crime victim is denounced as "divisive." From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 30-April...
Hits and Misses for the Real Estate Week of March 30-April 3
Trump takes aim at State Farm, the Justice Department fights for natural gas appliances, and a mural that memorializes a crime victim is denounced as “divisive.” Continue Reading Hits and Misses for the Real Estate Week of March 30-April 3
NYC Mayor Mamdani Launches Expedited Process to Approve Affordable Housing on City-Owned Land
New York City Mayor Zohran Mamdani has unveiled Neighborhood Builders Fast Track, an expedited process designed to speed the delivery of affordable housing on city-owned land. Under this new initiative, the city’s Department of Housing and Preservation Development...
Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing
Sen. Josh Hawley (R-MO) announced he has begun an investigation into the Fair Isaac Corp. (NYSE: FICO) to determine if the company’s pricing practices in the mortgage credit scoring market has contributed to the affordability challenges in the housing market. Hawley...
Chicago Housing Authority Commissioner Accused of Section 8 Voucher Fraud
An internal investigation by the Chicago Housing Authority (CHA) has determined Commissioner Debra Parker has committed housing voucher fraud. WBEZ reports Parker, who has served on the CHA board since 2018, has participated in the Housing Choice Voucher program (also...
News & Current Events
Mortgage Application Activity Drops by 10.5%
The FHA share of total applications increased to 19.7% from 19.4% the week prior. Continue Reading Mortgage Application Activity Drops by 10.5%
Illinois Home Prices Rise While Sales Decline
February’s median price of $295,000 was 3.9% more than the $284,000 price recorded one year before. Continue Reading Illinois Home Prices Rise While Sales Decline
TransUnion Debuts Platform for Property Ownership Confirmations
TruLookup for Real Estate will be available in early April. Continue Reading TransUnion Debuts Platform for Property Ownership Confirmations
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NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty
The guilty plea would not affect the civil lawsuit brought against him by the Securities and Exchange Commission. Continue Reading NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty
Maryland Home Sales Down Amid Inventory Shortages
The average sales price increased 3.4% year-over-year to $495,038 and the median sales price inched up by 0.5% to $410,000. Continue Reading Maryland Home Sales Down Amid Inventory Shortages
American Express to Build 55-Story HQ at World Trade Center Site
Construction will begin this spring, with completion expected by 2031. Continue Reading American Express to Build 55-Story HQ at World Trade Center Site
Memphis Notary Sentenced for Role in Real Estate Fraud Scheme
Shaneika Seymore notarized multiple fraudulent quitclaim deeds which purported to transfer ownership from the true homeowners to Seymore and her co-conspirators. Continue Reading Memphis Notary Sentenced for Role in Real Estate Fraud Scheme
Janitorial Worker Wanted for Stealing Checks and Embezzling from Baton Rouge Realtor
Ariel Brown is being sought on 48 counts of embezzlement and forgery for the 48 checks she allegedly stole and altered. Continue Reading Janitorial Worker Wanted for Stealing Checks and Embezzling from Baton Rouge Realtor
Michigan House Speaker Proposes $4.7 Billion Tax on Higher-Income Services to Replace Property Taxes
“I can’t see them wanting to vote against property tax cuts,” Rep. Hall said about Democratic lawmakers. Continue Reading Michigan House Speaker Proposes $4.7 Billion Tax on Higher-Income Services to Replace Property Taxes
Century Communities to Begin Sales at New South Carolina Townhome Community
Pricing for the residences start in the low $200,000s. Continue Reading Century Communities to Begin Sales at New South Carolina Townhome Community
Trump Says Tech Companies Pledged to Build Power Plants for Their Data Centers
The administration offered no further details on which companies agreed to this request. Continue Reading Trump Says Tech Companies Pledged to Build Power Plants for Their Data Centers
Mortgage Application Activity Remains Flat
The FHA share of total applications decreased to 16.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Remains Flat