Featured Real Estate News
Puerto Rican Privacy Groups File Lawsuit to Block FinCEN’s Anti-Money Laundering Rule
A coalition of Puerto Rico-based privacy groups has filed a lawsuit to block the new anti-money laundering rule issued by the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The San Juan Daily Star...
Puerto Rican Privacy Groups File Lawsuit to Block FinCEN’s Anti-Money Laundering Rule
Among the organizations in the plaintiffs’ coalition are the Puerto Rico Privacy Association, ViveApto Trust, and Pilar Fiduciary Services LLC. Continue Reading Puerto Rican Privacy Groups File Lawsuit to Block FinCEN’s Anti-Money Laundering Rule
Report: Fed Governor’s Abrupt Resignation Linked to Stock Trading
The reason behind the abrupt and unexplained resignation of former Federal Reserve Board Gov. Adriana Kugler in August has been revealed. CNBC, citing information from “unnamed Fed officials familiar with the matter,” reports Kugler’s departure was the result of an...
Hits and Misses for the Real Estate Week of Nov. 10-14
Trump’s 50-year mortgage plan, the continued upswing in foreclosure activity, and a military base’s unlikely neighbor. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 10-14. Miss: The Wrong Answer. The Miss of the week –...
80% of Montana Homeowners Received a Property Tax Cut This Year
New data from the Montana Department of Revenue has determined 80% of the state’s residential property owners received a property tax cut this year while 10% saw their property taxes remain flat year-over-year. According to NBC Montana, recipients saw a property tax...
News & Current Events
Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
These combined costs were up 4.7% from one year ago. Continue Reading Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Councilmember Eunisses Hernandez called the plan “a private development scheme disguised as transportation.” Continue Reading LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Former Calgary Office Building to Become 204-Unit Rental Housing Development
“Calgarians urgently need continued investment in housing,” said Mayor Jeromy Farkas. Continue Reading Former Calgary Office Building to Become 204-Unit Rental Housing Development
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Exclusive News
New Platform Seeks to Expand Real Estate Investing in South Africa
RESCI claims that its deals “typically offer a minimum of 10% interest per year over a 20-year bond term.” Continue Reading New Platform Seeks to Expand Real Estate Investing in South Africa
Hits and Misses for the Real Estate Week of Jan. 6-10
A last-minute slew of Biden administration lawsuits, a special advisor for the NAR chief and Justin Trudeau opens the Exit door. Continue Reading Hits and Misses for the Real Estate Week of Jan. 6-10
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
“Shadowy private equity giants are buying up the housing supply in communities across New York, leaving everyday homeowners with nowhere to turn,” said Hochul. Continue Reading Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Continue Reading SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Morgan Properties Acquires First Community in Kentucky
Built in 2005-2006, the property maintains a 96% occupancy rate. Continue Reading Morgan Properties Acquires First Community in Kentucky
Mike Rawls to Step Down as Xome’s CEO
Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. Continue Reading Mike Rawls to Step Down as Xome’s CEO
Industrial Property Vacancy Rate Up in Q4
Quarterly new leasing activity totaled approximately 130 msf in the fourth quarter and was down 15.7% compared to one year ago. Continue Reading Industrial Property Vacancy Rate Up in Q4
Redfin Lays Off 46 Employees
The company stated that none of its agents were laid off. Continue Reading Redfin Lays Off 46 Employees
Macy’s and Kohl’s Announce Store Closures
“Closing any store is never easy,” said Tony Spring, chairman and CEO of Macy’s Inc. Continue Reading Macy’s and Kohl’s Announce Store Closures