Featured Real Estate News
North Carolina Attorney Sentenced for Role in Real Estate Fraud Scheme
A North Carolina attorney was sentenced to between 48 and 70 months in prison for his role in a real estate fraud scheme. WLOS reports Robert P. Tucker II conspired with two other defendants, Ilesanmi Adaramola and Lisa Roberts-Allen, to obtain property from victims...
North Carolina Attorney Sentenced for Role in Real Estate Fraud Scheme
The North Carolina Department of the Secretary of State prosecuted the case at the request of the Buncombe County District Attorney’s Office. Continue Reading North Carolina Attorney Sentenced for Role in Real Estate Fraud Scheme
Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
Treasury Secretary Scott Bessent has claimed the housing market was in a recession and the full national economy could potentially slide into a recession due to Federal Reserve policies. In a Sunday interview on CNN’s “State of the Union,” Bessent remarked, "I think...
Lowe’s, Home Depot Announce Donations to Jamaican Hurricane Recovery Efforts
The nation's two leading home improvement and hardware retailers have announced donations to support recovery and rebuilding efforts in Jamaica after the Category 5 Hurricane Melissa devastated the Caribbean island. Lowe's Companies Inc. (NYSE: LOW) is providing a $1...
Bilt Adds Venmo for Housing Payment Options
The payment app Venmo is partnering with the housing and neighborhood commerce platform Bilt that will help consumers with their housing payments. According to the companies, Bilt will add Venmo to its existing payment options of ACH, debit, and any linked credit...
News & Current Events
South Korea Creates Task Force to Address Real Estate Fraud
The government cited “artificially inflating home prices, false transaction reports, and fraudulent subscriptions” as the main concerns that sparked the task force’s creation. Continue Reading South Korea Creates Task Force to Address Real Estate Fraud
Hits and Misses for the Real Estate Week of Oct. 27-31
Government officials being forced out of their homes by threats of violence, Zohran Mamdani’s silence on contentious housing proposals, and a soccer stadium where you’d least expect it. Continue Reading Hits and Misses for the Real Estate Week of Oct. 27-31
Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
This is the lowest turnover rate in at least 30 years. Continue Reading Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
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Exclusive News
Donald Coulter Steps Down as Chief Executive at MCAN Mortgage
Board Chairman Derek Sutherland has been appointed interim CEO until a permanent successor is appointed. Continue Reading Donald Coulter Steps Down as Chief Executive at MCAN Mortgage
Las Vegas Police Fatally Shoot Realtor Who Called for Help During Home Invasion
Brandon Durham was shot six times in his home by Officer Alexander Bookman. Continue Reading Las Vegas Police Fatally Shoot Realtor Who Called for Help During Home Invasion
Mortgage Application Activity and Forbearance Levels on the Rise
“Approximately 65,000 more borrowers are in forbearance compared to one month ago,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity and Forbearance Levels on the Rise
Real Estate Investor Bo Belmont Makes Discounted Bid for Sean ‘Diddy’ Combs Estate
Combs acquired his Holmby Hills estate in 2014 for $39 million and listed it at $60 million prior to his recent arrest. Continue Reading Real Estate Investor Bo Belmont Makes Discounted Bid for Sean ‘Diddy’ Combs Estate
Mid-Atlantic Brokerages Announce Merger
Both teams operate under the eXp Realty brokerage umbrella. Continue Reading Mid-Atlantic Brokerages Announce Merger
NYC Office Building Sells for $255 Million
The 12-story, 176,588-square-foot property opened in 2022. Continue Reading NYC Office Building Sells for $255 Million
Connecticut Medical Building Sells for $19.1 Million
Built in 1981, the property is 100% leased to three medical tenants. Continue Reading Connecticut Medical Building Sells for $19.1 Million
California Home Sales Rebounded in October
Also on the rise was the statewide median price – $888,740, up 2.4% from the prior month. Continue Reading California Home Sales Rebounded in October
Edina Realty in $3.5 Million Settlement Over Home Warranty Promotions
Edina Realty said it “worked cooperatively with the Attorney General’s Office to answer their questions and explain our industry, our company and how we do business.” Continue Reading Edina Realty in $3.5 Million Settlement Over Home Warranty Promotions