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NYC Median Rent Up 5.4% from Last Year
Smaller apartments recorded the greatest rent gains with a 6.0% year-over-year spike to $3,581, Continue Reading NYC Median Rent Up 5.4% from Last Year
NYC Median Rent Up 5.4% from Last Year
Smaller apartments recorded the greatest rent gains with a 6.0% year-over-year spike to $3,581, Continue Reading NYC Median Rent Up 5.4% from Last Year
Diddy’s $61.5 Million LA Mansion Fails to Attract Buyer Interest
While the ongoing trial of Sean "Diddy" Combs has been the center of media attention, the Los Angeles mansion that he listed a week before his arrest has been mostly ignored after roughly 250 days on the market. Combs’ 17,000-square-foot mansion with 10 bedrooms and...
Tennessee Woman Pleads Guilty to Fraudulent Deed Transfers and Home Sales
A Tennessee woman pleaded guilty for coordinating scams that involved fraudulent deed transfers and property sales. Alicia England of Chattanooga engaged in a wire fraud scheme that involved filing of bogus deeds for residential properties in North Carolina and other...
Elie Schwartz Sentenced for His $62.8 Million Real Estate Fraud Scheme
Elchonon “Elie” Schwartz, the CEO of the commercial real estate investment firm Nightingale Properties, was sentenced to 87 months in prison for conducting a fraud scheme that siphoned $62.8 million from more than 800 investors. Schwartz solicited investments through...
NEWS & CURRENT EVENTS
Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities
Florida has more than 1,400 developments blacklisted, with California, Colorado, Hawaii and Texas rounding out the top five states. Continue Reading Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities
‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams
Thomas John Sfraga was also known by the alias TJ Stone. Continue Reading ‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams
Voice of America Parent Agency Cancels Lease on New DC Headquarters
The USAGM cited “obscene over-spending including a nearly quarter-of-a-billion-dollar lease for a Pennsylvania Avenue high-rise.” Continue Reading Voice of America Parent Agency Cancels Lease on New DC Headquarters
Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage
Under the legislation, ADUs would not be allowed in planned unit developments or master planned communities. Continue Reading Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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New York State’s Inventory of Homes for Sale at Record Low
The state’s median sales prices were up for the fourth consecutive month in year-over-year comparisons. Continue Reading New York State’s Inventory of Homes for Sale at Record Low
Pennsylvania Home Prices Inch Up While Sales and Inventory Decline
“The median sales prices have displayed remarkable stability this year,” said PAR President Al Perry. Continue Reading Pennsylvania Home Prices Inch Up While Sales and Inventory Decline
Involta Acquires Green Bay Property for Colocation Expansion
This acquisition marks Involta’s 13th data center location. Continue Reading Involta Acquires Green Bay Property for Colocation Expansion
New VP at Planet Home Lending to Focus on Construction Loans
Melony Harpe will work with the company’s mortgage loan officers to increase their sales of new home construction loans. Continue Reading New VP at Planet Home Lending to Focus on Construction Loans
Williston Financial Group Subsidiary Acquires Volly
Volly stated that one-third of the nation’s top 30 banks currently use its services. Continue Reading Williston Financial Group Subsidiary Acquires Volly
Movement Mortgage’s Casey Crawford: ‘Make it a Point to Connect’ This Christmas Season
“Give the gift of community to somebody in yours this Christmas season,” he said. Continue Reading Movement Mortgage’s Casey Crawford: ‘Make it a Point to Connect’ This Christmas Season
Florida’s Housing Market Enjoyed a Robust November
Florida had a 3.7-months’ supply of single-family existing homes last month, up 32.1% year-over-year. Continue Reading Florida’s Housing Market Enjoyed a Robust November
Tempus Realty Partners Sells Final Property in $21.6 Million Portfolio
The 20,036-square-foot building in North Davidson, North Carolina, was acquired by Tempus in 2019 for $2.4 million and repurposed for office use. Continue Reading Tempus Realty Partners Sells Final Property in $21.6 Million Portfolio
Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development
The six affordable studio units are set at an area median income range of 130% at $2,600 monthly rent, Continue Reading Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development
Mortgage Rates Fall Further Away From 7%
The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95% Continue Reading Mortgage Rates Fall Further Away From 7%
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