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Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
“Colluding to drive up prices is illegal,” said California Attorney General Rob Bonta. Continue Reading Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
“Colluding to drive up prices is illegal,” said California Attorney General Rob Bonta. Continue Reading Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
Report: Rising Construction Costs Fueled Cancelation of HGTV Home Renovation Shows
A new report is citing the rising costs of materials and labor as a contributing factor to the cancelation of several home renovation series on HGTV. HGTV has canceled seven shows over the past several weeks – “Christina on the Coast,” “The Flipping El Moussas,”...
More Homes Were Equity Rich During Q2
The nationwide share of mortgaged residences considered equity rich rose to 47.4% during the second quarter, up from 46.2% in the first quarter. A new data report from ATTOM determined the second quarter results reversed a trend where the share of equity-rich homes...
California Woman Pleads Guilty to Rental Housing Fraud
A California woman pleaded guilty for repeatedly engaging in rental housing fraud. Jenifer Singh, also known as Jenifer Rios, placed fliers at a Thousand Oaks laundromat in December 2023 advertising a home for rent in Simi Valley. A local family called the phone...
NEWS & CURRENT EVENTS
Mortgage Rates in Mild Decline
The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. Continue Reading Mortgage Rates in Mild Decline
Wyoming Lawmakers Consider Abolishing Property Taxes
Sen. Bob Ide, a Republican, advocated for the ending of all property taxes – residential, commercial, industrial and personal. Continue Reading Wyoming Lawmakers Consider Abolishing Property Taxes
Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019
19.1% of listings featured reduced prices, the highest share for any May since at least 2016. Continue Reading Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019
Report: Fewer Home Purchase Loans During Q1
ATTOM found the total dollar value of loans was down by 18% to $478 billion. Continue Reading Report: Fewer Home Purchase Loans During Q1
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HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement
The Appraisal Foundation called the investigation “a rare secretary-initiated political complaint.” Continue Reading HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement
Mortgage Rates Slide Away from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.89% as of July 11. Continue Reading Mortgage Rates Slide Away from the 7% Mark
CFPB Proposes Rule Changes to Help Prevent Foreclosures
The CFPB is accepting input on the proposed changes through Sept. 9. Continue Reading CFPB Proposes Rule Changes to Help Prevent Foreclosures
Christie’s International Real Estate Expands into Luxembourg
Christie’s International Real Estate has affiliates in more than 20 countries. Continue Reading Christie’s International Real Estate Expands into Luxembourg
Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
Section 184 home mortgage loans are fully available in 24 states. Continue Reading Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
Lennar Debuts Two Communities in Alabama
“Foley is a little piece of paradise,” said Lennar’s Joel Coleman. Continue Reading Lennar Debuts Two Communities in Alabama
Elle to Create Residential Tower in Miami
The 25-story property will include 180 residences that will be delivered turnkey. Continue Reading Elle to Create Residential Tower in Miami
Report: Chicago Clears Out Homeless Camps Ahead of Democratic Convention
Chicago recorded 18,836 unhoused people in 2024, a jump from 6,139 in 2023. Continue Reading Report: Chicago Clears Out Homeless Camps Ahead of Democratic Convention
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
“The jumbo index increased to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
Foreclosure Activity Down During First Half of the Year
Nationwide, 0.13% of all housing units (one in every 794) had a foreclosure filing in the first half of 2024. Continue Reading Foreclosure Activity Down During First Half of the Year
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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