Featured Real Estate News
Harrison Sitomer Promoted to President at SL Green Realty
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has promoted Harrison Sitomer to president. Sitomer began his career at SL Green as an intern and rose through the organization, serving in a variety of investment roles before his January 2022...
Harrison Sitomer Promoted to President at SL Green Realty
Sitomer began his career at SL Green as an intern and rose through the organization. Continue Reading Harrison Sitomer Promoted to President at SL Green Realty
Pennsylvania Home Sales Up by 6.4%
Pennsylvania recorded 11,174 home sales during October, up 6.4% from the 10,505 transactions recorded one year earlier. According to data from the Pennsylvania Association of Realtors, there were more than 43,600 listings in October, which reflects little change from...
Mortgage Rates Inch Up Slightly
Mortgage rates inched up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.26% as of Nov. 20, up from last week when it averaged 6.24%. A year ago at this time, it averaged 6.84%....
Florida Businessman Sentenced for Construction Loan Fraud Schemes
A Florida businessman was sentenced to 46 months in prison for defrauding clients in four states through loan agreements to finance construction projects and then causing more than $8 million in victim losses by misappropriating funds. David Ingram, 73, previously...
News & Current Events
New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
The report observed that corporate ownership exceeds 20% in communities including St. Louis, Missouri; Harrisonburg, Virginia; and Franklin County, Ohio. Continue Reading New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
Lennard Commercial Realty Opens Vancouver Office
The Vancouver office will be led by Partners Allon Shapiro and Aaron Ulinder. Continue Reading Lennard Commercial Realty Opens Vancouver Office
Existing Home Sales Up in October
“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “ Continue Reading Existing Home Sales Up in October
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Cornerstone Capital Bank Launches Community Lending Division
The bank stated it will seek “to close racial and economic gaps in homeownership and help families achieve their dream of owning a home.” Continue Reading Cornerstone Capital Bank Launches Community Lending Division
NAR Accepting Applications for 2025 Good Neighbor Awards
Five winners will each receive a $10,000 grant for their nonprofit organization. Continue Reading NAR Accepting Applications for 2025 Good Neighbor Awards
Trump Names Treasury Secretary Bessent as Acting CFPB Director
Bessent will take the leadership role from Rohit Chopra, who was fired on Saturday. Continue Reading Trump Names Treasury Secretary Bessent as Acting CFPB Director
Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico
“Tariffs on lumber and other building materials increase the cost of construction,” said NAHB Chairman Carl Harris. Continue Reading Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico
GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra
Sen. Chuck Schumer predicted a “Golden Age of predatory lending.” Continue Reading GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra
Pittsburgh-Area Mall Sells for $34 Million
The company bought the mail in 2004 for $231.2 million. Continue Reading Pittsburgh-Area Mall Sells for $34 Million
Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses
Those in homeowners associations (HOAs) pay an extra $3,077 in annual HOA fees. Continue Reading Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses
Treasury Secretary Bessent Buys DC Mansion for $12.5 Million
he four-story, 8,000-square-foot residence was built around 1941. Continue Reading Treasury Secretary Bessent Buys DC Mansion for $12.5 Million
Ex-Senior Advisor to Federal Reserve Arrested for Passing Trade Secrets to China
John Harold Rogers is charged with conspiracy to commit economic espionage and with making false statements. Continue Reading Ex-Senior Advisor to Federal Reserve Arrested for Passing Trade Secrets to China