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Disbarred Attorney Sentenced for Deed Theft Schemes
Sanford Solny’s law license was suspended in 2012 before he was disbarred in 2023. Continue Reading Disbarred Attorney Sentenced for Deed Theft Schemes
Disbarred Attorney Sentenced for Deed Theft Schemes
Sanford Solny’s law license was suspended in 2012 before he was disbarred in 2023. Continue Reading Disbarred Attorney Sentenced for Deed Theft Schemes
Report: 28% of Homes Now Selling Above Asking Price
Just over 28% of homes are now selling above the asking price, according to a data report from Redfin (NASDAQ: RDFN). This is down from 32% one year earlier and the lowest level for this time of year since 2020 when the pandemic paralyzed the housing market. The share...
California Commercial Real Estate Broker Pleads Guilty to Obstructing the IRS
A California commercial real estate broker has pleaded guilty to a years-long pattern of obstructing the IRS from collecting taxes he owed. Pasadena-based Gabriel David Guerrero failed to timely file federal individual income tax returns for the years 1998, 1999, and...
Missouri Lawmakers Pass Bill to Keep Royals and Chiefs in Kansas City
The Missouri House of Representatives has approved a bill designed to keep Kansas City’s two major sports teams, MLB’s Royals and NFL’s Chiefs, in the state. Fox4KC.com reports the House passed Senate Bill 3, with enables the state to issue bonds valued at up to half...
NEWS & CURRENT EVENTS
Real Estate Developer Decides Not to Run for Mayor of Boston
Thomas O’Brien declined to run challenge incumbent Mayor Michelle Wu. Continue Reading Real Estate Developer Decides Not to Run for Mayor of Boston
Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo
Adam Sartin, vice president of franchise growth and development, will lead the brands on an interim basis. Continue Reading Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo
Kanye West’s Former Malibu Residence Resells Less Than a Week After Being Listed
The property spans 4,201 square feet and is constructed of approximately 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 massive pylons driven more than 60 feet into the sand. Continue Reading Kanye West’s Former Malibu Residence Resells Less Than a Week After Being Listed
Real Estate Scammer Sentenced in $3 Million Loan Fraud
David Izsak was convicted on ten counts of financial institution fraud. Continue Reading Real Estate Scammer Sentenced in $3 Million Loan Fraud
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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%
Real Messenger Rolls Out RealPremium Subscription Service
“We are thrilled to introduce RealPremium, a subscription service designed to take real estate communication to new heights,” said Thomas Ma, co-founder of Real Messenger. Continue Reading Real Messenger Rolls Out RealPremium Subscription Service
Connecticut Shopping Plaza Sells for $19.2 Million
The property was developed in 1962 and is 92% occupied with 46 tenants. Continue Reading Connecticut Shopping Plaza Sells for $19.2 Million
MBA: Median Mortgage Payments Drop by $62 in November
“Homebuyer affordability improved in November, with a decline in mortgage rates providing relief to prospective homebuyers,” said MBA’s Edward Seiler. Continue Reading MBA: Median Mortgage Payments Drop by $62 in November
Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns
As for those who did move away, 47% of millennials and Gen Zers said would consider returning to where they grew up and have family. Continue Reading Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns
Report Finds Affordable Homeownership Remained Elusive in Q4
The new report found major expenses on median-priced homes consume 33.7% of the average national wage in the fourth quarter. Continue Reading Report Finds Affordable Homeownership Remained Elusive in Q4
Philly Fed Chief on Rate Cuts: ‘We Don’t Have to Do It Too Fast’
Harker explained that the Federal Reserve needs to hold rates where they are because “the job of controlling inflation is not done.” Continue Reading Philly Fed Chief on Rate Cuts: ‘We Don’t Have to Do It Too Fast’
CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
Colony Ridge allegedly sold flood-prone land without water, sewer or electrical infrastructure to unsuspecting families. Continue Reading CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
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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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