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Report: Home Delistings Up 28% Year-Over-Year
Roughly one in five homes that were delisted over the summer were re-listed within three months. Continue Reading Report: Home Delistings Up 28% Year-Over-Year
Report: Home Delistings Up 28% Year-Over-Year
Roughly one in five homes that were delisted over the summer were re-listed within three months. Continue Reading Report: Home Delistings Up 28% Year-Over-Year
Single-Family Housing Starts and Permits Down in June
Single-family housing starts in June were at a rate of 883,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.6% below the revised May figure of 926,000. Privately-owned housing starts in June were at a...
Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury
A Florida congresswoman has asked the Department of Justice (DOJ) to investigate whether perjury charges should be brought against Federal Reserve Chairman Jerome Powell in connection to the cost overruns on the renovations being undertaken at the central bank’s...
Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions
A Toronto lawyer is facing multiple fraud charges tied to alleged to multiple real estate transactions. The Toronto Police Service arrested and charged Singa Bui, a partner at the now-defunct Cartel & Bui LLP, 24 counts of fraud over $5,000, 17 counts of criminal...
NEWS & CURRENT EVENTS
Mortgage Application Activity and Delinquencies Are Rising
The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity and Delinquencies Are Rising
California Approves 17% Rate Hike by State Farm
The rate increase is lower than the insurer’s request for a 21.8% hike. Continue Reading California Approves 17% Rate Hike by State Farm
New Senate Bill Seeks to Coordinate HUD-USDA-VA Housing Policies
Sens. Dave McCormick (R-PA) and Ruben Gallego (D-AZ) put forth the HUD-USDA-VA Interagency Coordination Act. Continue Reading New Senate Bill Seeks to Coordinate HUD-USDA-VA Housing Policies
Modular Housing Provider Boxabl Expands Into Colorado
The Las Vegas-headquartered Boxabl will begin the process to obtain modular certification in Colorado. Continue Reading Modular Housing Provider Boxabl Expands Into Colorado
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New Data, Old Story: Home Prices Keep Going Up
Realtor.com also noted that the median list price increased from $424,900 to $430,000 between March and April. Continue Reading New Data, Old Story: Home Prices Keep Going Up
Florida Home Becomes TikTok Sensation Over Dungeon-Style Basement
The house was built in 1958, which led to online speculation that it could have been a Cold War-era fallout shelter. Continue Reading Florida Home Becomes TikTok Sensation Over Dungeon-Style Basement
One Week After Settlement, HomeServices Faces New Commission Lawsuit
The new lawsuit was filed in a Miami federal court and is seeking at least $5 million in damages. Continue Reading One Week After Settlement, HomeServices Faces New Commission Lawsuit
FHFA and HUD Announce New Reconsideration of Value Policies
FHFA Director Sandra L. Thompson said the policies will “help ensure that consumers are treated fairly.” Continue Reading FHFA and HUD Announce New Reconsideration of Value Policies
First National Realty Partners Acquires Phoenix Shopping Center
The transaction marks the firm’s entrance into Arizona and expands its presence into 26 states. Continue Reading First National Realty Partners Acquires Phoenix Shopping Center
New 1 Million SF Development Planned for Brooklyn Waterfront
Serhant Real Estate has been contracted to market the condos. Continue Reading New 1 Million SF Development Planned for Brooklyn Waterfront
CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021
The office delinquency rate spiked by 80 basis points to 7.38%. Continue Reading CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021
Federal Reserve Keeps Rates Unchanged
The rate has been kept at that level since last July. Continue Reading Federal Reserve Keeps Rates Unchanged
Blackstone Completes Acquisition of Toronto’s Tricon Residential
“This transaction marks an exciting new chapter in Tricon’s history,” said Gary Berman, president and CEO of Tricon. Continue Reading Blackstone Completes Acquisition of Toronto’s Tricon Residential
JoAnn Blaylock Named President of Birchstone Residential
Blaylock was previously president of Quarterra Living, the property management arm of Lennar Corporation’s multifamily division. Continue Reading JoAnn Blaylock Named President of Birchstone Residential
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