Featured Real Estate News
Ex-Illinois Contractor Avoids Prison Term for Role in Fraud Scheme
A former Illinois contractor avoided prison time when a judge sentenced him to three years of supervised release, 200 hours of community service and a $9,500 fine for his role in a bank fraud scheme involving straw buyers and overvalued properties. The Belleville...
Ex-Illinois Contractor Avoids Prison Term for Role in Fraud Scheme
The judge rejected the prosecution’s request to sentence Gregg Crawford to prison for at least one year. Continue Reading Ex-Illinois Contractor Avoids Prison Term for Role in Fraud Scheme
Lennar Debuts New Central Oregon Community
Lennar Corp. (NYSE: LEN) has announced the grand opening of 121 West, a new community of paired homes and townhomes in Redmond, Oregon. According to the company, 121 West is a collection of two- and three-story paired homes and two-story townhomes, with five floor...
Foreclosure Auction Volume at 6-Year High
Completed foreclosure auctions during the first quarter were up by 33% from one year earlier and up by approximately 10% from the same period two years earlier, according to data from Auction.com. The first quarter’s activity was at a six-year high as distressed...
Mortgage Rates Down for Third Straight Week
The 30-year fixed-rate mortgage averaged 6.23% as of April 23, down from last week when it averaged 6.30%. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the mortgage averaged 6.81% at this time one year ago. The 15-year...
News & Current Events
Canada’s Apartment Vacancy Rate Up During Q1
Annual expenses averaged $8,053 per unit nationally in the year ending in the first quarter. Continue Reading Canada’s Apartment Vacancy Rate Up During Q1
The Agency Opens First Office in Saudi Arabia
The company is partnering with Maya Real Estate to debut The Agency Saudi Arabia. Continue Reading The Agency Opens First Office in Saudi Arabia
Florida’s Burgess Island Listed for Sale at $89 Million
The island was acquired and developed in 1924 by inventor and electrochemist Charles Frederick Burgess. Continue Reading Florida’s Burgess Island Listed for Sale at $89 Million
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California Home Sales Fizzle as Median Home Price Spikes by 7.1%
The statewide Unsold Inventory Index declined 17.5% from February and was down 5.7% from March 2025. Continue Reading California Home Sales Fizzle as Median Home Price Spikes by 7.1%
Toll Brothers Acquires Buffington Homes of Arkansas
Founded in 2010, Buffington Homes is the largest luxury homebuilder in northwest Arkansas. Continue Reading Toll Brothers Acquires Buffington Homes of Arkansas
Mortgage Application Activity Up 8%
The FHA share of total applications remained unchanged at 18.2% from the week prior. Continue Reading Mortgage Application Activity Up 8%
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
Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Independence
“The president never once asked me to commit to any particular interest rate decision, and nor would I agree to it if he had,” Warsh said. Continue Reading Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Independence
Pending Home Sales Up 1.5% in March
Month-over-month pending home sales increased in the Northeast and South but declined in the Midwest and West. Continue Reading Pending Home Sales Up 1.5% in March
Trump Organization to Develop 70-Story Mixed-Use Development in Republic of Georgia
The project is the first Trump branded project in the region and will become Georgia’s tallest building. Continue Reading Trump Organization to Develop 70-Story Mixed-Use Development in Republic of Georgia
Report: Land Prices Soared 77% Since the Pandemic
Raw land has appreciated the most of any development category, up 86.5% since the first quarter of 2019. Continue Reading Report: Land Prices Soared 77% Since the Pandemic
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...